DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 Ooh. This setup looks bullish here. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 Needs to clear 3384. Fail if it doesn't. Off to the races if it does. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 This is a fail. Now or never boys. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 It's acting like a 70 year old man. Can only get it up early in the morning. Link to comment Share on other sites More sharing options...
Hobbiewood Posted September 14, 2020 Report Share Posted September 14, 2020 1 minute ago, DrStool said: It's acting like a 70 year old man. Can only get it up early in the morning. New technical study, dick stochastic. Link to comment Share on other sites More sharing options...
fxfox Posted September 14, 2020 Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 And up again. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 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. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 Shortened it to dickarms. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2020 Author Report Share Posted September 14, 2020 Trend broken, pulls back to support. Link to comment Share on other sites More sharing options...
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