MA
Margie
Rep: 94
Posts: 364
So Kool is the high tick rule, that a closing tick higher than 800 is bearish for the next day?
KO
koolblue
Rep: 48,651
Posts: 16,032
DAMgood call VO ! wish i would have listened better! im long one for 952.25 and a stop at 950.00 but im covering quick cause i think your right!
KO
koolblue
Rep: 48,651
Posts: 16,032
wow, out at 957.00..plus 4.75 now up nicely... sorry bout the late posts but this is moving so fast! Margie ,the rule is a decent (50handles -120) starting within 2 trading sessions , not necessarily the next day. Thats why its just good to confirm your work instead of a real 'timing' tool!
KO
koolblue
Rep: 48,651
Posts: 16,032
IF you were to check, you would see it signalled impending doom back at the aug high and several days during the sep and oct crashes