KO
koolblue
Rep: 48,651
Posts: 16,032
out 1014 25...whew..plus 5.25.. now up 26.75...incredibly volital and fast moving!
KO
koolblue
Rep: 48,651
Posts: 16,032
Man, im havig to use 8 point stops or none at all on my scalps! thats just too crazy!
KA
karend
Rep: 0
Posts: 65
kool, that's why I'm on the sidelines alot today...calling the right trade, but the whippiness requires a stop that is bigger than I like to use.
KO
koolblue
Rep: 48,651
Posts: 16,032
showing 1 min. peak around 3:26 or so, 1 and 5 min. low aroun 3:33-36. LOTS of shake coming?
KO
koolblue
Rep: 48,651
Posts: 16,032
WISE choice Karend, the only reason im goin nuts is i came into today up 65 for the week and frakly my goal is more like 10! SOif i were to drop 20 or so it wouldnt really hurt too much.ps: how bout that call for a good low at 3:15? LOL
KO
koolblue
Rep: 48,651
Posts: 16,032
I honestly think theres a fair chance we will see 1056 today. But who knows?
CH
CharterJoe
Rep: 4,475
Posts: 2,352
I love Pivots...daily, weekly, monthly, I love it even better when there's a sq of nine near by.
As to your 2nd question it really doesn't matter why .146 (its phi to the 4th power) and .25 (1/4 or 2/8ths) but it all has to do with sq of nine....from each of my sq of nine numbers is sq root + or - .25 and then squared reason being that has to do with squaring a circle. All that matters is that it works.....146 used to work beautifully but now it moves that much in 2 min, so I don't use that any more once the markets calm down it will be useful once again.
As to your 2nd question it really doesn't matter why .146 (its phi to the 4th power) and .25 (1/4 or 2/8ths) but it all has to do with sq of nine....from each of my sq of nine numbers is sq root + or - .25 and then squared reason being that has to do with squaring a circle. All that matters is that it works.....146 used to work beautifully but now it moves that much in 2 min, so I don't use that any more once the markets calm down it will be useful once again.