Tag archive for ‘fibonacci’
FOMC Fibo Follies
Well, wasn’t that something?
Timing, like we have said many times before, is important in this business.
Do you remember the other things that we suggested are worth noting?
P,P,T,P,R?
Breakout day, so bias long for a retracement. Price could go to any day high; it blew through the 900 magnet, then tested the 03 as expected. What we don’t [...]
Bounces Happen
The market conformed to a high probability trade today, albeit at it’s own pace.
We speculated in last evening’s post that the market might need to bounce, as we have pulled back 50 points or so. The overnight dead zone may have been precipitated by waiting for the 8:30 report; more than likely it needed the false [...]
You got to know when to hold ‘em…
Kenny Rogers would say “You got to know when to hold them, and when to fold them.”
The usual suspects were all available;head fakes, traps, support and resistance.
Our market tends to range more than it trends, so I am always looking for hidden pivots.
The market loves to hit the middle traders lately, and breakdowns or breakouts [...]
Fibo Fun
Â
The retracement continued today, and bottom guessers were rewarded all day long with a slap in the face and empty pockets.
Oh yes, the contra did work for a 20 point bounce for an hour, then the selling resumed.
Market rhythm is a thing of beauty, and is a worthy field of study. Seeing the dance-like movement [...]
Confuse us says: The long and short of option expiration
Option expiration is a study in volatility.
If you accept the premise that wall street insiders have an edge, then you are ahead of the game. The trick is to synchronize our mind with theirs, and stay one step ahead of the pack rather than always being a step behind.
If you also accept the premise that [...]
Fractals
If you have had the intellectual curiosity to investigate fractals, your journey has certainly crossed paths with The Mandelbrot Set.
Repeating patterns occur regularly in nature and in the markets, with self-similarity but not necessarily with exact precision.
 The golden ratio has been popularized in wall street folklore, and any serious student of the markets will need [...]
Bull speed ahead
The bulls took control from the 75 low overnight and never looked back.
As I like to say, hindsight is my best friend. It shows me all the places to get long and short.
I prefer to find the trend for the day and stick with it, until the supposed contra kicks in. That’s how I learned [...]
Keyser Soze
I haven’t seen any of Jeff Cooper’s posts lately, but I would imagine he would refer to today’s action as Keyser Soze.
I first learned of the concept in an article he wrote a long time ago, referring to it as a reversal of a reversal, and presumably, taken from the movie The usual suspects.
Of course this [...]
Entries (RSS)