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I know exactly what will happen tomorrow.Boy wouldn't that be nice.
Doing charts a day early because of possible A = B pattern repeat and I may be out of pocket tomorrow:Tomorrow is 100 DMA testing.
Had 3 lines in this area and was worried it would never break today::smile: Hold baby.:worried:
Come on let me ink it in.![]()
You know how I mention the 1 % hesitation point once in a while. Well it went up to the 1 % mark dropped down and stayed between my Dead Cat Bounce line and the 50 Day almost the whole candle. Now you see that dark purple line? It can become a right shoulder if we don't pop it and form a "V" bottom. Chart below.A little lower than you forecast....but ink it in! Good charting!
You know how I mention the 1 % hesitation point once in a while. Well it went up to the 1 % mark dropped down and stayed between my Dead Cat Bounce line and the 50 Day almost the whole candle. Now you see that dark purple line? It can become a right shoulder if we don't pop it and form a "V" bottom. Chart below.
Lucked out and was first in line for Lab work so I'm not out of pocket.Now what has me worried is a retest on the 50 Day so soon.:worried: This is not expected so what gives? I hope it's a touch and go:
Subscribed. Really enjoy seeing your candlestick charts as I learn to read them. Thank you!
Frank
So this wonderful bullish chart with the A = B pattern can turn so bad if the 100 day breaks. So if you take my Dead Cat Bounce line and move it up like say 10 points and take out my B channel, wouldn't it look like a Head and Shoulders pattern? Don't make me draw bearish.This is just a possibility if the 100 Day breaks:
I'm ignoring my own advice and getting in. Going s today and hoping fed is nice and this isn't pricing in action. Since I'm in....LOOK OUT BELOW!!!
Good luck to you buddy.I'm ignoring my own advice and getting in. Going s today and hoping fed is nice and this isn't pricing in action. Since I'm in....LOOK OUT BELOW!!!
Turned off the noise and ignored the markets since I went long in all my IRA/TSP/401k investments earlier this month. Good to see the S&P ahead of the small caps for a change.