Jump to content

Recommended Posts

  • Replies 39
  • Created
  • Last Reply

I'm looking at upside versus downside volume on the NYSE over different time periods.....We are dead even on a 1,7,12,18 and 20 day period........Ms. Market is being very mysterious on which way it intends to go... :unsure:

 

post-1110-1260408956.jpg

 

I just figure the boyz are looking to see from whom they can take the most $$ - bulls or bearz...

Link to comment
Share on other sites

There is also a high probabilty that if a close is in the lower 1/3, then the next day it will be within the upper 2/3 of the day's trading range.

 

How do you determine what the highs and lows of the range is for the day?

 

For example...

Last Monday, during the morning we printed a low at around 1106 follow by a bounce to 1111. It trade sideways for 4 hours. Prices then started to HEAD down at around 3:15pm.

I assume you play the long when prices approached 1106-1108 assuming prices will close at the 2/3 of the range. We all know what happened after. Prices took a quick spill to 1098.

Link to comment
Share on other sites

It's good to see bullishness persist inside of a trading range at the level the market is at - especially if you want no one to suspect a downside break is coming.

 

In the world of Mr. Widget I'd prefer to see the "Easy Does it" trade pan out instead of moving higher "inside the box."

 

"Easy Does it" = slight trend lower.

 

Hey, Asia is not too excited tonight.

Link to comment
Share on other sites

the Greatest Depression is accelerating with frightening speed, as planned

 

they're executing their plan with no mercy

 

just a lot of B.S. and false hope and lies

 

pretending to do one thing while effecting exactly the opposite

 

an economic genocide of the honest private sector middle class

 

under the cover of a gov't-goosed common stock fraudex show

 

the result will be blood running deep in main street, blood running deep inside the gated mansions, and blood running deep in D.C.

 

we are entering the most brutal and destructive period of American history

 

I pity the clueless maSSes

 

butt I don't pity the top 1%

 

they will get what they deserve in the end

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...