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Strategies & Market Trends : Volatile Times and Short Term Position Trading 3x ETFs.
SPXU 12.59-0.2%Nov 12 4:00 PM EST
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To: Trumptown who wrote (2097)1/25/2021 6:28:10 PM
From: Doug R  Read Replies (2) of 4366
 
...amazing how well it observes your trend lines and horizontal lines
Ttown, they're not my lines. As you can tell, they're always there...in the future. Computers can't function without a defined decision tree. The lines are that tree. All I did was discover 'em and let them teach me how to map them. (I will, accept credit for that, but not the existence of the lines ;-) )

After a sharp retest and recovery, particularly under such circumstances as I outlined, the door is wide open for a reciprocal bit of symmetry to the upside.
A (my) textbook read would say 50 points.

That thicker blue horizontal above would give way.
And after said hypothesized move that thicker horizontal should be retested from above and that highest horizontal would be the last blue one. After that I think I like maroon for the next societal phase that the market will respond to.
Results of that retest would be a significant indication of where and how one might better rebalance one's stable of stocks that one may be trading at the time.

There are 3 upcoming "space-times" from which a symmetrical reciprocal reaction would be most likely to begin.
Price activity (space) that excludes them from possible consideration at the times would alter the prognosis in a way dependent on that particular activity.

But...I say...up.
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