sir wallstreet..it looks to be a very smooth uptrend so far.see enclosed intraday chart
1 min.close data.5 point box size/3 reversal
some targets/vertical counts
notice how the downswings were easily taken out
may i be a ral pig and criticise something you did.......
you called the market,and did not let the chart give you the signals.hence ,what i said last night.i never call.just take signals
we all know this rally is a load of garbage.we will just ride the trend
feel free to criticise.i can take the criticism
sir wallstreet
we have all been there at some point in time.market moved down over the weekend and looked quite bearish.then got bullish overnight/sunday.uk time.due to overwhelming bullishness in far east
uneles you were long from 765,there was no way uneless you bought the retrace
very difficult to call and actually some really crazy moves.probably on low volume
yes indeed you are very correct with your comments Dentist, I wanted the market to trade my view on it
I missed out on such a big rally because my mind was clouded with looking at short positions .......
my only concern in this puzzle is the break out on the upside for the S&P
hmmmmmmmmmmmmm.....................
I like this thread because It allows me to go back to what i was thinking and see where i went wrong
Good morning Aadil,
Just one to think about but quite often any breakout following an event is in the direction of the existing trend. Not always though and def not worth trading off the back of. I hope this proves to be correct today though as I went long on the S&P and Dow on Friday evening 1H pins at 770 and 7300!!
Say something nice today Mr. Geitner....
Rob