Part of Art of Chart Reading
Many people likes the comfort of guru opinions, especially when that opinion agrees with their own. When the guru opinion, even if it is a ...
Part of Art of Chart Reading
The concept of trend has be a very controversial topic for years ever since the first generation technical traders from early 1900s introduced the idea. ...
The chart of Nasdaq Composite below. If this is the anti-crash climax following power law distribution like what happened to Nikkei many years ago, not only the ...
We often hear traders talking about trend – trend is your friend, do not fight the trend, etc. Yet we seldom hear a room full of traders agree upon what ...
Smilingsynic is a long time member of this site. He is a good Emini S&P daytrader. Many members like to learning more about his Five Minute Flip (FMF) concept after ...
Part of Art of Chart Reading
Summary Wyckoff Up Thrust (a.k.a. Wyckoff thrust, w. thrust) is a terminal pattern for an uptrend. It is not a type of false breakout. ...
Following is the Emini S&P continuous contract with RTH only data. I have marked the days with matching color to the moving averages where ES has tagged. ...
Part of Art of Chart Reading Many traders are obsessed with the idea that there exists secret uber chart patterns that produce superior returns with virtually no ...
Part of Art of Chart Reading
There are chart readers who use many patterns. They use so many patterns you have to wonder if it is feasible to recognize them all. ...
Downside target is 13500-13800 area.
As I predicted, Nikkei is gunning for another limit down today. =P
Central bankers are itching at this point to intervene again for sure.