I do follow/have access to some real-time small (time) charting..however, this one was done looking at (my) macro of: possible 5 waves up (from yesterday's low), and big-time resistence at 1695 Comp/1290 NDX...just believe those targets overrode anything I'd find on smaller charts...believed that today's up needed a "rest", retrace here, before more up..Also, JoT is shorting off one of his forks...he is quite good at picking his spots/resistence.
If we do blow back up thru this without dropping right now (and we don't drop below 1695 by end of day), I am taking such a move to mean that pop will be greater than AA believes, and will be inclined to believe Velo's current preferred (that a big pop is coming, maybe 1900-2000)
Sometimes, I find too much information too much, and lately have been more successful (albeit in limited trading) in focusing on the bigger picture trading tools I use...note: I do, however, use smaller charting from time to time, and rely on comments from others as well.
Hope this makes some sense.. |
