Who has been trapped? This is the only question I want answered. It's burning me from the inside.
Komen
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Tom has many super cool videos on the subject of probabilities and he's one of the few people I'm willing to listen to: youtube.com/watch?v=Gc6XQhdduKU
Komen
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this continues to go on - the pivots rule
Komen
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same here try the play button; time is the mystery and the risk factor though
Komen
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Can we go higher from here? It's possible, but I'm looking at the volume and I don't see it. People expect a breakout to the upside and I want to know their reasons. One day rallies have been typical with the news such as today.
Komen
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We can see that around July 6 there was a massive amount of selling done judging by the volume.That has not been counterbalanced as of today. Just saying.
Komen
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The lines on our charts without volume interpretation are not very useful. They are mostly our imagination. The volume tells a much better story overall.
Komen
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I think that not thinking is kind of like Zen. "I think therefore I am" is total rubbish. "I am" probably because my mom and dad were hot for sure and not because I think they might have been. If you know what I mean.
Do you every listen to John Carter from Simpler Options?? I did not know (until recently) that he worked with Soss back at TD. He says the markets move the direction that causes the most pain to the most people. I guess that means shorts are still getting hurt. With such low volume today and still such a big gap up makes me think there are not many sellers (captain obvious) I want to be short but market seems to be going higher no matter what.....I am waiting for a decent spot to reestablish short positions (using options for min. 6 month durations) Summer seems it will be flat overall with some buy/sell programs running just to test depth of markets here and there. I guess bottom line I am saying bullish until proven otherwise.....my experience is rather limited
@dluxe23, Yes, as of today we should be bullish. We're also at the top of the 6 week range and tomorrow we can gap down. I'll take a listen to John Carter. :)
dluxe23
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@FoggyLights, theotrade.com/stock-went-higher-today/ This guy has also been watching expected moves for a long while......says SPX stays in the range and /NQ has been busting them. Has been following this trend as long as I have been watching......also a former TD employee from TOS
@dluxe23, Also, if this is a breakout situation - I want to see some solid arguments why it is one and why now. The range is still largely intact and we're at resistance. It's just an opinion - if I was an expert I would not be on this site :)
dluxe23
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@FoggyLights, John Carter has not been doing as many videos lately.....his partners have been running the show
simpleroptions.com/public/My-Two-Favorite-Longs-and-What-Im-Looking-Out-For.cfm I was in his trade room for a while and he is VERY good. You have to be willing to watch markets all day and reverse on a dime....(I am not) Most of what he has said I have found to be true. Also his mentor was Mark Douglas and his book "Mastering the Trade" is one of my all-time favs
@FoggyLights, My best sources for market opinions.
shadowtrader.net/ Go to weekly video. These guys use market profile which would/should be more your speed....I use their opinions and get a little nervous when I am on the opposite side of their trades (I was recently short TSLA ratio fly....they were long) Just good thoughts to consider