RA
rat89
Rep: 0
Posts: 7,015
"the trend is up until it isn't"
"maybe it will just go up forever"
"maybe it will just go up forever"
Originally posted by jimkane
My track record for that is very close to 100%. What's the secret? There is one. There is something to it. I try to think like a sucker, a noob. I try to get into that mindset. I think like I did when I first started. I try to get excited. I try to get into the moment, just like a plain old sucker. Then I try to post that just at the point when I would want to jump all over it. Seriously.
One thing that was pointed out to me by a student long ago was he was surprised at how much I use, how much I draw from, in what I do. I used to use the level of excitement in the announcers/guests voices on CNBS (used to be CNBC before they revealed their true shill nature when the crisis started) to gauge the strength of a given move intraday. I will draw from anywhere and anything that I think adds to my edge. Hence the 'secret' of why my die, pig, die's are such good reversal signals.
Originally posted by rat89
nice going jim...thanks a lot
Originally posted by jimkane
I just know this will jinx it, but: Die, pig, die!
JI
jimkane
Rep: 3,058
Posts: 33,089
They showed strength and didn't follow through... I wish that meant they are done, but it seems almost fantastical that this could go down even a few ticks at this point.
JI
jimkane
Rep: 3,058
Posts: 33,089
This 38.25 area is worrisome. I hope it is at worst a bounce and roll.