Here are two interesting long term charts of main indexes:






Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??

Originally posted by jarek

When last week all the hell broke just after 2.30pm I read that one of the reason might be that "circuit breakers not on after 2:30". What does it exactly mean?

jarek, are you looking for a literal answer to this? The circuit breakers are the 'stops' the exchanges have so when it trades down a certain percent they halt trading. After 2:30 PM they aren't in place. Or were you wondering if someone was gaming the market, like the theories about creating this crisis so that they could pass the 'steal another trillion from the taxpayers' bailout over the weekend with another Shifty Paulson declaration that the world will end if we don't, and hence knew to initiate the program meltdown after 2:30 PM, a theory I subscribe to?

.886 within less than a tick rocket launch there. My management plan indicated scale some, let some ride in case they are going to flush this. I suspect back up to the top of the daily range again, but a backtest of that key line could start a serious leg down. It does what it does, and all we can do is act on that.

OK - thanks for explanation

C'mon, baby, no chop, just fluuuuuuuuuuuuuuuuuuuuuushhhhhhhhhhhh.

Originally posted by jimkane

... I suspect back up to the top of the daily range again, but a backtest of that key line could start a serious leg down...

Doesn't this just require some more time due to price flow line?





It'll allow for new LOD after 3.14pm :-)

Originally posted by jarek


It'll allow for new LOD after 3.14pm :-)

Somebody's in a hurry. It happened whole 3 minutes early...

Gotcha, piggie. Die, you oinker. GOTCHA!

jarek, a backtest that fails to even get to the backtest spot shows exceptional weakness. This could really get crushed. Of course, watch the 1.272 here in case it's a more normal move. Also, around 57 is a mass line convergence.

Originally posted by jimkane

... a backtest that fails to even get to the backtest spot shows exceptional weakness...

I noticed that. I thought it would get to this line at x marks the spot in an ABCD fashion

Okay, 57 hit, but I see 50 next if this doesn't hold. I have things between, but 50 has some magnetic properties.

Originally posted by jarek

Originally posted by jimkane

... a backtest that fails to even get to the backtest spot shows exceptional weakness...

I noticed that. I thought it would get to this line at x marks the spot in an ABCD fashion

Not in a flushout, only in a 'regular trend'.

geometry...

fyi, i took a portion of trade off at line from set... but i kept a portion on with wide stop equal to profit....we shall see...