Tag archive for ‘momentum’
Lunch Bounce… and a little bit more
Today’s strong bounce at lunch fooled a lot of people, including me.
Often at lunch the market will retrace a portion of the morning’s move, before continuing.
The morning rhythm was not a given, because the overnight low had already tested the 903. The half gap and gap was the bias as it normally is, and then [...]
Emini Affairs
The Emini Wizard system is not perfect, but it has an edge.
Crazy moves like today are more the norm than the exception lately. Knowing how to accept lines in the sand as keys that open the door to other levels is an important concept. Violations of these lines triggers momentum and completely change the character of [...]
Emini bounce
Before we bounce, we usually need to go sideways. When the morning low cannot take out the previous day’s low by the end of the daily doldrums, I am thinking that the low will probably hold and I should try the long side.
Once momentum begins, I am reluctant to try a contra in the afternoon, expecting [...]
Summer Solstice
Last Friday was the summer solstice, and there were approximately 30,000 party animals celebrating the event in Stonhenge.
Imperceptibly, but without dispute, we know the longest day of sunlight has already occurred for 2008. We are not ready to plunge into darkness; summer has just begun.
The seed for that season has just been planted.
I like to [...]
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