Good example - nutso market of late with all the damn liquidity.
In simple terms, the market (stocks) move for ONLY two
reasons. 1. How much money is in the system 2. How much of
that money is invested. All other stuff like PE, etc
are simply measuring devices
LABU nearing the top rail
Posted by roger on 8th of Feb 2021 at 02:17 pm
LABU nearing the top rail of this humongous 'W' pattern.
Since it has been one of the big drivers, maybe this will signal some sort of top
That top rail resistance proved
Posted by roger on 4th of Dec 2021 at 01:11 pm
That top rail resistance proved to be top exactly for the biotechs.
Now the pattern looks to be a giant inverse head and shoulders although doubtful It would play out to the measured move.
One reason is the chaiken money flow was\is in the red
when it tags the line
Posted by roger on 8th of Feb 2021 at 02:32 pm
when it tags the line there might be a good reversion to the mean trade
I mean this thing is just going parabalic
LABU daily over upper BB LABU
Posted by ridgetopab on 8th of Feb 2021 at 02:36 pm
LABU daily over upper BB
LABU 60min parabolic ST
what is odd is that
Posted by roger on 8th of Feb 2021 at 02:40 pm
what is odd is that the money flow is red (negative) on the chart.
To me it says this move is on low volume and a reverse action could be rewarding
That, and the stochastic as shown tends to cycle very well. Now o\b
Biotechs have simply been en
Posted by steve on 8th of Feb 2021 at 02:18 pm
Biotechs have simply been en fuego
OCGN straight up nice move
Posted by ridgetopab on 8th of Feb 2021 at 02:27 pm
OCGN straight up nice move from $0.30
bio tech mania!????
news driven event from what I can parse
company has something like 16 employees
Good example - nutso market
Posted by steve on 8th of Feb 2021 at 02:32 pm
Good example - nutso market of late with all the damn liquidity. In simple terms, the market (stocks) move for ONLY two reasons. 1. How much money is in the system 2. How much of that money is invested. All other stuff like PE, etc are simply measuring devices
yeah, I think that trendline
Posted by roger on 8th of Feb 2021 at 02:20 pm
yeah, I think that trendline has been a magnet technically too