Tag archive for ‘angels and demons’
Rock an’ Roll
Well, wasn’t today something?
Last week we suggested that the range from 875 had been expanded to 925, and the middle was 900.
Suggestion: Let the gurus and the economists guess, while we make money every day from the market gyrations.
In hindsight, everything is crystal clear.
The symmetry is absolutely beautiful; and calls for 960 and 1080 and [...]
Shakin’ hands
In last night’s post we speculated that the weak hands were being shaken out by the Boyz; today’s action confirmed that opinion.
The market has taken a nose dive of 50 points off last Friday’s high.
Gotta love option expiration.
“Bounces are for shorting” was our mantra, and the market never looked back after we called the longs [...]
Long and… Oops
Today was one of those day’s you were either going to be right or wrong at the opening trade.
The wall of worry has been climbed, yet we need to find areas of profit taking.
What’s the point of trading if you never take your chips off the table?
The Bulls actually made it easier to trade today. [...]
Profits are the name of the game
Misdirection gave us lousy directions. She said long, long, long, but in the end, it was wrong.
If you have thoughts that trading is an easy business, lots of luck. For most of us, it is one of the hardest occupations imaginable, even though we only have to push a couple of keys on our keyboard.
With continual tugs [...]
The Battlefield of our Emotions
We called the primary battlefield for the morning trade as the 42/32 range. That held up as the premise reasonably well until the late day breakout.
I was a guest in another traders room today. As usual I was pretty quiet, just observing the emotions of the smaller traders. It is a good way to get [...]
Gap and Go
If you are like me, the hardest thing to do is to see a huge gap up and not want to short it.
If we are honest, there is a little voice in our head that goes like this: “Look at all those points.” We are going to get to the half gap at least, then [...]
Emini Madness
The game continues.
Squeeze the longs yesterday, squeeze the shorts today.
Dump and take profits.
Play alongside them, it’s fun.
Fight them, and you get trampled.
The Angels and Demons were the key to today’s trade, as always. Multiple Demons got sent to Heaven, until late day, probably just when wrong way Charlie gave up and joined the longs. The bulls [...]
Worlds Collide
Angels and Demons constantly oppose each other.
Worlds collide.
The clues for their existence takes awhile to see, but nevertheless, they are there.
Angels are all about us, and spiritual people have no problem grasping the beauty of these little cherubs.
There is an irony, however, that the “enlightened ones” are the Demons, the dark side. I am referring, of [...]
Angels and Demons
A few traders have asked me what pattern I like.
I always answer “nothing until I see the ‘Angels and Demons’”.
56.5 was called as stop for the short, and after the morning rout, 29 was called as support.
Battling one’s emotions is a Demon that must be conquered to trade successfully.
When you don’t feel like shorting, you [...]
Maan…
Much ado about nothing.
We have seen tentative moves like today’s non action before.
Key support is still holding, and the market ground higher but wasn’t able to hold the afternoon gains.
Round two and the fighters back to their corner with a few body blows delivered by both sides, but the longs may be a little vulnerable [...]
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