Are 40 draws and DB the same person?? Certain cues makes me wonder..... Hmmmmm
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The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
They answer too fast and many times with long posts to consider that.
However, they could be a couple
Re AMT, from last Thursday:
Buy the breakout, short the reversal.
Simple.
I hesitate to post this since it adds a layer of complexity, but if I don't, and we reverse at 4440, then there will be at least a few of the HaHa You Missed It type of posts, and since this is the sort of thing I look at . . .
I'm not making much of this because we did the same thing in December and January and moved to new highs anyway. And the weekly trend deals the cards. But it is April. And markets do change their strides. And this is over seven years now. So . . .
As of today, price is above both the median of the weekly channel and that of this little pissant channel from last month to now. According to AMT, that suggests a move to 4440. But AMT is a theory. D&S is a law. What is most important is to be prepared.
Buy the breakout, short the reversal.
Simple.
the downsloping trend channel:
Was the upper one drawn first, and then the parrallel drawn from the first swing low point?
OR was the lower one drawn first?
(your upped line cuts 'through' the bars, so i'm kinda guessing the lower channel was drawn first?)
Was the upper one drawn first, and then the parrallel drawn from the first swing low point?
OR was the lower one drawn first?
(your upped line cuts 'through' the bars, so i'm kinda guessing the lower channel was drawn first?)
Or 4434.