Tag archive for ‘squeeze’
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 [...]
Hubie vs Addict Junkies
Symmetry is part of the trading puzzle.
Some call it confluence, or balance, or harmony.
Finding it is not necessarily easy, unless of course we use hindsight. Then it’s as plain as Vanilla Ice Cream.
One of our tools identifies possible symmetry, and today our first post said: Symmetry found, Magnet at 42.25, Angel at 40.5. Interpretation: Think [...]
Oboomerang
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Range trading all day gave way to a late day squeeze when the weekly position shorts finally squared their positions.
The market bounced around testing support and resistance and then ran to a new high just as the President-elect had a press conference announcing his plans to lay low until he is officially sworn into office.
The headfake [...]
Dont squeeze the charmin traders
Squeezes are a fact of life.
The only question is, will you fight them or join the winning team?
How do we know when high is “too high” or low is “too low”?
Whatever our pet indicators are saying, we need to protect ourselves from ourselves.
This theme is repeated often here because it is the all-important rule that [...]
The quick and the dead
V is for Volatility, and dramamine is the required prescription for those without a proper sense of balance.
I love to take trades with the trend until they stop working; I will leave guessing market tops or bottoms to those who care to try and outwit the market.
How do you spot the early stages of a [...]
Slow simmer and squeeze
Evidently the shorts needed to be reminded that the market is still in bounce mode.
Lemonade anyone?
After testing yesterday’s low, the market quietly crept up all day, until it staged a late day breakout. The shorts expecting the 4.75 gap to get filled were rudely treated as the boys once again fashioned a little of their [...]
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