DrStool 248 Posted December 30, 2020 Report Share Posted December 30, 2020 Any time a price pulls back to a line from which it had broken out just before, I call it the "return to the scene of the crime." It applies in both directions, and at any time frame. It happens A LOT. I think most of the time. So yesterday that's what happened. When the price holds around that level, and resumes in the direction of the breakout, we've had a successful test, and it usually means that the trend has farther to go, sometimes a lot farther. But sometimes the crims just hang around the crime scene waiting for TV reporter to come over and ask if they were there and if they saw anything. That's when things often start to fall apart. The reporter asks the guy's name and he says Heywood. Is that your first or last name? First, the guy says. So the reporter asks for the last name, and the guy says, Jablome. Heywood Jablome. When the market is the guy, and he says that name, Heywood Jablome, you know that you're the sucker. On Monday, the market broke out. Yesterday, it pulled back to the breakout line, and here in the pre market it has gotten off that line, weakly so far. Stay tuned to find out whether the reporter questions Heywood, and what he says. I'll be here to report back to you. Gold Gets Ready To Make Its Move Explosive Rally Ahead, or Plotz Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 OK, this is fucked up. The top part is my hot longs list. The bottom is my "hot shorts" list. Don't worry. I have none. Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 If this doesn't mean back up the truck and load up with shorts, I don't know what does. Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 Every single one is up? How can that be? Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 New high on EUR/USD Sigh. Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 Busted Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 Is the market open? Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 What time is it boys and girls? Link to post Share on other sites
DrStool 248 Posted December 30, 2020 Author Report Share Posted December 30, 2020 Ciao y'all! See you on New Year's Eve! Link to post Share on other sites
Recommended Posts