Trading to win using the Secret Code of the Illuminati

Just thinkin…


Just Thinkin...

Just Thinkin...

 Kevin Haggerty in my opinion is one of the great thinkers in the trading and financial world, and I again offer his thoughts to you as worthy of your time.

Another visionary of a different kind and era was John Lennon and the Beatles. No less important are their insights for those who want to do more than scratch the surface of life.

And the Holy Ghost of Ariv Kiev leaves a legacy worth contemplating.

Today’s dynamics explained visually in charts posted on twitter and in yesterday’s post. Easier to post that way so look back one day for charts.

Not much to say other than the range day played out as we expected.

Carl Futia had the range for rth as 1110 to 1098, our work similar. The 02.25 morning low was the setup for the 03 angel that held and later became the target.

I thought the 99.75 would hold EOD , but may print. At the 9.5 high we told members “I think the shorts have been punished enough; it could go higher but I like the 09 to 10.25 resistance zone”.

Out partial targets were 7.5, 05, 04, 3.25, 1.5 and 99.75 db. Any low was possible on the break. MId day resistance at 6.75 was risky but our call. I did not like  the short from above 07.25 if it got the strength to achieve it in the afternoon.

 The premature buyers at 02 may or may not have gotten stopped out.

Our preference is not to buy EOD in a plunging market unless it is near a significant low like the weekly 99.75.

I hope you had a great day, we sure did.