MyPivots
VO
VOwater
Rep: 133
Posts: 4,121
GM Traders

Daily PP: 856.25
Weekly PP: 861
Monthly PP: 881
POC: 829.75

R1: 895.75
R2: 918.75

60m: 933, 980.50
15m: 910, 914.50, 922
BB
bbrad63
Rep: 240
Posts: 143
thank you VO!
KO
koolblue
Rep: 48,651
Posts: 16,032
might be a good time to look at that update i posted long ago (oct) where i discuss the normal 3 rallies in a bear market ... and made the case why we should see at least one 30% rally( that would be around 960-970) completely normal behavior.. and remember the cycles.. around Christmas the 120 day and 45 day are going to begin exerting influence !
VO
VOwater
Rep: 133
Posts: 4,121
not sure who asked but here is a picture showing abc off the bottom and targets

Click image for original size
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KO
koolblue
Rep: 48,651
Posts: 16,032
Thanks P.T. you likewise.. i think i got a little lucky today tho
KO
koolblue
Rep: 48,651
Posts: 16,032
my monies on the first or 3rd number VO!
KO
koolblue
Rep: 48,651
Posts: 16,032
EVENTUALLY ALL OF COURSE ,BUT A GOOD RETEST WILL COME SOME TIME SOON
BB
bbrad63
Rep: 240
Posts: 143
I have 100% @ 971 ....it just looks so far up but time will tell thank you again
KO
koolblue
Rep: 48,651
Posts: 16,032
SURE ACTS LIKE IT WANTS 922.50.. BUT IM CHILLIN TILL TOMORROW
VO
VOwater
Rep: 133
Posts: 4,121
ive got an order in on some puts...SSO Dec 28
PA
palmer
Rep: 415
Posts: 675
a gap up tomorrow should be a great short opportunity
BR
BruceM
Rep: 216,211
Posts: 19,895
How true Kool..the way I look at is if the market only trends 30 % of the time ( and that's probably generous) then we need to make most of our money on counter trend trades unless you are the type who can take many losses and win on the trending 30 % of the time...I can't
quote:
Originally posted by koolblue

you know what i really love? A 300 point up day in the dow and most of us made most of our money SHORTING the market. FRIDAY TOO you know your doing something right when you can do that! Congrats to all.. c ya tomorrow!