The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
It doesn't gap, it's just one of the few ADRs I watch that US markets don't lead on the signals...which is impressive because the NYSE does about 1 million ADRs average volume, and with 5 shares per ADR, that corresponds to 5 million daily shares in NY trading vs. about 300k during Bombay trading.Hmmm. You follow this thing huh? It does like to gap daily doesn't it. One way or the other. Can't say I ever took the Bombay stock market into consideration... for anything lol.
G/L BB.
So, you look to India's charts for signals, and watch the US close for how people judge the risk of holding overnight.
It's probably the stock that more than any other showed me the value of technicals, and more importantly, the value of low volume signals / confirmations. It's really tough to time because the feedback loop tends to turn signals into sideways and wait for another signal. The confirmation is invariably a marubozu candle in Bombay which translates to a gap and a doji in NY...so, lots of sitting and waiting, but also lots of swing potential.
Here's the BSE chart: http://economictimes.indiatimes.com...S&exchange=BSE&entity=company&periodicity=day
Hows the boat runnin'?
Hooray, you're back! I was getting bored (well...not really) with listing to myself in here.
Hows the boat runnin'?
Actually had a different boat this time, a nice one, one of my buddies has a wakeboarding boat, this lake was not a good fishing lake, we were staying at a golf resort, at a really warm lake thats mostly just for tubing and wakeboarding, so it was pretty nice again, but it was a bachelor party, it took a frigging round out of me, there was about 20 of us up there, im 33, so im right at that age where all my friends getting married and having kids and stuff so we dont all get together much like we used too, so while it was pretty fun, it was a big time train wreck, im getting too old for weekends like that lol.
Same story today, but with a different idiot to watch for news. That should put 470 in play for the Bombay shares, and just above $36 for the gap up...that said, it seems a bit optimistic for me, in spite of my better judgement.
Hahaha.....Don't worry....... it only gets worse.
As for the "wife and kids" thing ... they'd be better off going long SNAP. On an up day. When Janet lowers rates. And Trumpy doesn't Tweet. And Kim Jong Um smokes a fatboy.
They're just too dumb to know it yet. And I'm an optimist.
Ive basically been up all night, stayed up till 4 in the morning every night at the bachelor party, then came home, and slept for a couple days to make up for it, now i cant sleep, so im up at this ungodly hour already looking at charts plotting ideas.
I think this might be it for the ES right now but i want to see more, but here is what im looking at, think 2428 will hold, or else we get stuffed on the attempt through 2430, for the time being we are in chop, the market needs more info, lots of sellers at the top, lots of buyers at the bottom.
So my thoughts are we dont get much through 2430 on the top side, but we dont get much through 2410 on the bottom side, i think i want to fade both extremes, till earnings next week.
For now market is holding an uptrend off the 2410 bottom, though so id be careful fading it here.
I think this might be it for the ES right now but i want to see more, but here is what im looking at, think 2428 will hold, or else we get stuffed on the attempt through 2430, for the time being we are in chop, the market needs more info, lots of sellers at the top, lots of buyers at the bottom.
So my thoughts are we dont get much through 2430 on the top side, but we dont get much through 2410 on the bottom side, i think i want to fade both extremes, till earnings next week.
For now market is holding an uptrend off the 2410 bottom, though so id be careful fading it here.
Guess this is why its important to look at stocks, and look at the ES on all time frames, ES actually looks ultra bullish on a 1 month 20 minute chart.
If ES gets over 2431.25 there will be a push. those bottoms keep catching and snapping back up, im no longer thinking of shorting top side of the channel this just looks way to bullish.
Shorts would have gotten fucked big time on that snap down through 2418.75, everyone thought world was coming to an end on don jr emails, i could see this turning into a big trap now, starting to shift opinion to bullish on the ES.
If ES gets over 2431.25 there will be a push. those bottoms keep catching and snapping back up, im no longer thinking of shorting top side of the channel this just looks way to bullish.
Shorts would have gotten fucked big time on that snap down through 2418.75, everyone thought world was coming to an end on don jr emails, i could see this turning into a big trap now, starting to shift opinion to bullish on the ES.