If you guys haven't already, you should check out www.FinancialJuice.com. It's a service where a live person announces breaking news. It's great for those crazy and unexpected Trump tweets and other daily market-moving news. I am not affiliated with the site, nor am I going to get compensated for this message. Just thought you guys might want to check it out since it's great stuff for day traders like us.
Easy. Just find a thread with Bear market conditions in the title, flip charts upside down, and invert the price? Er….
Thanks @Utah! I will check it out. FWIW, I don't think any person can cover the "market" better than Ben Lictenstein. Too bad he and his audio service disappeared along with the CME trading floor. Here's a classic taste... in what were VERY REAL Bear market conditions.
We bears use new highs to bait you bulls. Works every time! Bears have deep pockets for a reason, although my pockets will soon be less deep after I buy a new pair of sneakers to replace my old ones that are now worn beyond duct tape.
i was not sure if it will come down as perceived as it was a tall order, did a FOMO, have to admit my calculation of the range was off by 2 points. now when i calculate i can see where i made the mistake, i was being too conservative trying to pin point my entry. But it is a FOT play as it is mixed signals, taking small profits till the price moves back to the the longer trend.