jcomptonod - we will certainly attempt to prioritize such
possibilities but it's better to know ahead of time what to look
for and react accordingly when it's not clear. I DID NOT
present five alternatives and I dare say those three scenarios gave
you much more insight than throwing a dart.
After Wednesday's close, I showed a bullish falling wedge on the
SPX and even CIRCLED the 1060 area (.382 retracement) as a target
area. That was a clear pattern that allowed for a stronger
bet (SPX 20 points in one day suffices).
Posted by jcomptonod on 30th of Oct 2009 at 09:21 am
Steve the 5 possiblities was just an analogy of someone showing
all the possibles without ever forming an opinion after looking at
a lot of charts. I simply don't want the opinions to leave.
Each trader can take what information they want. But,
when I look at a bunch of charts I get an opinion based on the
overall picture and it might not always be right. That may not come
through unless you say it. I'm just saying continue to give
it.
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jcomptonod - we will certainly
Amazing newsletter last night, Steve
Posted by steve on 30th of Oct 2009 at 09:10 am
jcomptonod - we will certainly attempt to prioritize such possibilities but it's better to know ahead of time what to look for and react accordingly when it's not clear. I DID NOT present five alternatives and I dare say those three scenarios gave you much more insight than throwing a dart.
After Wednesday's close, I showed a bullish falling wedge on the SPX and even CIRCLED the 1060 area (.382 retracement) as a target area. That was a clear pattern that allowed for a stronger bet (SPX 20 points in one day suffices).
Steve the 5 possiblities was
Posted by jcomptonod on 30th of Oct 2009 at 09:21 am
Steve the 5 possiblities was just an analogy of someone showing all the possibles without ever forming an opinion after looking at a lot of charts. I simply don't want the opinions to leave. Each trader can take what information they want. But, when I look at a bunch of charts I get an opinion based on the overall picture and it might not always be right. That may not come through unless you say it. I'm just saying continue to give it.