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ok I see. I recall with KTB we had an odd down day but KTB remained. thought we were allowed an up day, But this is huge and I am short 1884 1st position.
hoping for a higher low
Maybe TRIN at 1.70 will cause a sell off in crookshour?
Fact is that Oil is rallying and the market is perky. DO not want to short it with that and before WNER and hence see no need to close the last long I am running
Plan your trade, trade your plan!
ok I see. I recall with KTB we had an odd down day but KTB remained. thought we were allowed an up day, But this is huge and I am short 1884 1st position. hoping for a higher low
Bear market rallies can be sharp and fierce.
Admittedly we are nearly 100 points off the lows on Wednesday but with WNER still to go, I do favour the open gap above posted earlier.
I maybe wrong and we do need to steam in early.
Plan your trade, trade your plan!
Lets see Dan, so far my idea was right but its made no progress since the opening highs all day, which is not a good sign.
Going to let WNER play out and hold this last long.
Then look to short Monday at some point.
Hopefully ECB / BOJ come out with joint stimulus over the weekend for a spike up which will be a high to sell.
Plan your trade, trade your plan!
Right I have come to a decision. I will hold the long over the weekend.
Plan your trade, trade your plan!
So into next week …
WNER Monday
KTS remains on (strange)
TRIN high on Friday (strange)
MS Donkey closed on the edge (implies a gap down on Monday or a pop and drop)
So although WNER should pop this and we have a gap target at 1915.25, the high TRIN today implies it will be sold off as can the MS donkey on the edge.
The bullish case is …. Lots of bullish divergences, SPX is breaking the 10 DMA back up and all other DMS’s are much higher
Plan your trade, trade your plan!
Fell asleep lol
Ok that looks reasonable for monday.
Turd’s (tfmetals) death candle chart is suggestive of January closing at or very close to it’s low for the month. If so next week has to be down.
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