KO
koolblue
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Posts: 16,032
GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
VO
VOwater
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Posts: 4,121
kool that doesnt mean you cant get some sells off...and I might be wrong!
KO
koolblue
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when the market keeps trying a confluence of averages like this ..NEVER THE FIRST TRY,or even 2nd but its been my experience when they keep trying like this they eventually win
JA
JackS65
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Posts: 379
For clarification we should have completed Wave 4 to the upside & Wave 5 will be down
KO
koolblue
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Posts: 16,032
sure ..there was a perfect proj to 835 and lately here at 830 for a short scalp but ive been too busy posting im definitly looking to sell im not convinced the 15 min wont get invalidated before it reaches its target
KO
koolblue
Rep: 48,651
Posts: 16,032
right now its setting up for a double top around 835-6.50 but if it gets much beyond that ill be a believer in 846
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
Small $ has been accumulating all day (net +12k contracts now) while bigs sold hard early. Bigs have been steadily buying since a buying spike they did in the 822 area around 11:38. Bigs started another spike buy in the 826 area around 11:49. Bigs are net -21k contracts now but had been nearly -30k at their trough.