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hungrybear
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Hi Bonsai.
Rather annoyed with myself as the market has rallied as I originally anticipated but I didn't join the party. Instaead, having changed my view on likely intermediate term action I've held a short position, clearly not a good move. Tomorrow will be a decision day, but I don't see much bearishness now until next week. I've been looking at potential turn dates, and after tomorrow the next likely day is Friday for a high. Clearly I still got a lot of work to do, but short-term I think it'll be back to day-trading! Thanks for asking.
Rather annoyed with myself as the market has rallied as I originally anticipated but I didn't join the party. Instaead, having changed my view on likely intermediate term action I've held a short position, clearly not a good move. Tomorrow will be a decision day, but I don't see much bearishness now until next week. I've been looking at potential turn dates, and after tomorrow the next likely day is Friday for a high. Clearly I still got a lot of work to do, but short-term I think it'll be back to day-trading! Thanks for asking.
if you can chart it, my macd is worth putting in the scales,imo
even if you cant a break down of 1 day and then sharp recovery
is often a sign of strength.
we also had a breakthrough of the trend line from 4411.
I know how difficult it can be to change tack but as a sailor,
I have a slight advantage of being used to changing tack !
lol
(interesting analogy ?)
even if you cant a break down of 1 day and then sharp recovery
is often a sign of strength.
we also had a breakthrough of the trend line from 4411.
I know how difficult it can be to change tack but as a sailor,
I have a slight advantage of being used to changing tack !
lol
(interesting analogy ?)
pretty good day today, but I expect you had to be prepared for
it to some extent ?
These days are important because they can more than cover
any losses you may have had on previous occasions.
There were some clues and most of them I think I have covered before.
We started with a higher low on the macd late thursday. The rally
continued during friday and I think I suggested it was an A wave
rally. So from the high of 4323? the pull back counted as B wave.
Of course we didnt know it was over till this morning after we
broke through 4323 and the macd resumed its upward course. But then we were in the C wave.
Confirmed by a break back up through the 1 day. The rest is history.
But notice that the rapid rise did not create any gaps on my chart
and the a/d line was pretty strong all day after showing a distinct
change of mood right from the gun.
And the way we sliced through the fib ..........
For once I dont think there were any negatives.
it to some extent ?
These days are important because they can more than cover
any losses you may have had on previous occasions.
There were some clues and most of them I think I have covered before.
We started with a higher low on the macd late thursday. The rally
continued during friday and I think I suggested it was an A wave
rally. So from the high of 4323? the pull back counted as B wave.
Of course we didnt know it was over till this morning after we
broke through 4323 and the macd resumed its upward course. But then we were in the C wave.
Confirmed by a break back up through the 1 day. The rest is history.
But notice that the rapid rise did not create any gaps on my chart
and the a/d line was pretty strong all day after showing a distinct
change of mood right from the gun.
And the way we sliced through the fib ..........
For once I dont think there were any negatives.
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