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Higher Low But Not Higher High Yet 9/14/20

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Trying to use TA to always prove a bearish case, is bound to get you in trouble. Gotta respect what it's telling you. To many bears try to tie TA to valuation analysis. That is BOUND to fail. "Values" are relative and totally irrelevant.  

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Also, denial that money printing is bullish, and devotion to the ideal that markets should be free and fair is bound to get you in trouble. Good traders don't give a shit about that stuff. They just f

Also, denial that money printing is bullish, and devotion to the ideal that markets should be free and fair is bound to get you in trouble. Good traders don't give a shit about that stuff. They just focus on price patterns.  

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They broke the trendline, then came roaring back. They shoulda been able to move it up. Might still. That downdraft coulda been the dealers doing a little tree shaking to shake loose low hanging fruit.  

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We've had persistent lower highs and lower lows since 11:45. I'm not sure what the plot is. Could be distribution. I really don't know at this point. 

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If they can't run this up this last hour, the market is broken. There's something terribly wrong. It just hasn't come out yet.  

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35 minutes ago, DrStool said:

Also, denial that money printing is bullish, and devotion to the ideal that markets should be free and fair is bound to get you in trouble. Good traders don't give a shit about that stuff. They just focus on price patterns.  

Absolutely.

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8 minutes ago, Hobbiewood said:

New technical study, dick stochastic. 

Back in the old days, before you were born, we had the Dick Arms indicator.  

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