Whipsaw
Market Veteran
- Reaction score
- 220
We may be exceeding my projection:![]()
You should put a bullseye in the center of that red circle. Maybe to the left of center... :cheesy:
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We may be exceeding my projection:![]()
Higher high line may slow us down to hit my target:You should put a bullseye in the center of that red circle. Maybe to the left of center... :cheesy:
Birch is that (not) you?:blink: Don't mess with the triple top breakout.I'm reminded of the 1970s October massacres so be careful approaching 1970 and beyond.
Remember this: Traders made good profits last year and the year before. This year we are moving more sideways and I feel traders will enjoy a week long 4th of July vacation not worrying about missing gains. So, I'm setting up for an extremely low volume holiday drift up. JMHO Wonder if Des will back up on this? I be looking like I'm right.I was going on the very low volume lately and a feeling I had as to why it was occurring. I've noticed less volume in the afternoons. As to the pre-holiday trend that is an Oscarism from Live with Oscar where the market will go one direction before the holiday and another after the holiday when volume returns the next week. Usually when volume is low main stream investors are not participating that much and it drifts up as mom and pops buy the drift. I had just my honest opinion at the end because it was my speculation or interpretation on these record lows this year.
To be fair here's someone completely opposite opinion as to market direction next week to me: Broad Market
Thanks Wow you're a chatty Kathy today. Setting up for July top poster?I'm not hanging 100% but I'll be the DD
I'm staying in today. I don't know if I would advise you guys that aren't in to jump in at a possible top. There's a 25% chance of getting a three horsemen event as shorts cover and you would miss this move anyway.
I may put in exit Wednesday night as to have it in with option to cancel. If we get a triple top breakout today I may not exit. We are more bullish than I expected today. Is this a exhaustion move? I don't know. Will be watching analysis videos tonight as to longer term support.If you stay in until Thursday (shortened trading day}, when would you exit so as to avoid crashing with other people at the door trying to make an exit before the weekend?
Well I meant this but it's 3 trading days not within one:I'm staying in today. I don't know if I would advise you guys that aren't in to jump in at a possible top. There's a 25% chance of getting a three horsemen event as shorts cover and you would miss this move anyway.
I may put in exit Wednesday night as to have it in with option to cancel. If we get a triple top breakout today I may not exit. We are more bullish than I expected today. Is this a exhaustion move? I don't know. Will be watching analysis videos tonight as to longer term support.
Capitol preservation help me miss a lot of gains in 2013. I have increased my risks to maybe get more gains but will not recommend that to anyone. I was assuming since I was retired that I would protect my nest egg but long term it may be more harmful to your account. How many have missed out the last few years in fear.This morning someone was kind enough to post a link to an article that indicates the Fed is pumping a significant amount of money today. This additional liquidity keeps prices up; and together with seasonality, stock prices keep rising. Of course these do not prevent a pullback. But we can see mixed opinions from analysts trying to understand why some indicators show a pullback or a rally, but the pullback doesn't happen. Low interests also have something to do with the stock prices. But corrections will happen and we should make gains, but also play the safe side of capital preservation.
I am sorry about this comment and should not have made this about me.:embarrest:Still above resistance becoming support for tomorrow: There you go now I will let the music channel continue without interruption.![]()