Here's some sq of nine S/R #'s I am looking at today....
1315
1297
1283.5
1279
1268
1261
1247.5
1243
BR
BruceM
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highest volume bar of the day came in at the minus 8 number but ticks only at a minus 600....based on volume alone it looks like they want to test higher from here
CH
CharterJoe
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Bruce,
I was reading in your pit bull thread last night, and todays low was 8 points off the open ;)
Edit-grammer
I was reading in your pit bull thread last night, and todays low was 8 points off the open ;)
Edit-grammer
BR
BruceM
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Posts: 19,895
oh man those 8 point numbers are so cool...I would modify it to be in the 8 - 10 point range...but If I saw a plus or minus 4 into a key number with ticks and volume then I would most likely take the trade...but generally speaking the minus 8 is amazing...and plus 8 on upside...some use increments of 4 after that...12, 16 etc....like anything else we need to see some other signal to help pull the trigger
PR
prestwickdrive
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Posts: 1,098
Pending home sales and wholesale inventories #s at top of hour
BR
BruceM
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Posts: 19,895
As you know I work with fairly simple ideas....and most are horizontal in nature...most are so simple that folks can't believe they work......I guess thats why sometimes I am a tough critic on things that look complex to me.......always refreshing when I'm proven wrong though and keeps me humble