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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?


To: Bull RidaH who wrote (611)3/4/2021 2:38:46 PM
From: Fiscally Conservative  Read Replies (1) | Respond to of 4446
 
Plenty of Gaps much lower than 3609 that need filling. I'm a patient man.
The deed will get done.



To: Bull RidaH who wrote (611)3/5/2021 6:32:37 AM
From: robert b furman  Respond to of 4446
 
Good Morning Bull,

With futures weak this early morning, but recovering most of the way back to zero, I suspect a wide range today.

Normally I'm always braced for three days of pain for the price of one on a Friday. Especially with a downward leaning move before it.

If we should be lucky to have a down close today, then I'll be buying the close.

The offsets for climax studies are negative for 7 days out of the next 10 days are - 51 points, there are two days with positive offsets +10 and +1 = 11 points and one neutral day of zero. So the next week and the week after are primed for a positive market. Negative offsets give us a greater probability that the retail participants will be buying the markup that the market makers give us. Their accumulation of discounted prices is nearing and end - time to make a paycheck.

On a 30 day analysis the next 7 of 8 days are ALSO supportive of a positive market in that after today, the next seven days offsets are negative (a total of 146 points).

When both the ten day and the 30 days are in agreement, the upward move is generally more powerful.

The previously posited ABC corrective wave still remains in tact.

I'm anticipating a B wave up starting today or Monday next week. It should look strong all week, but roll over into a C the week after next, per my clx studies.

So if we are lucky enough to have an ugly day today, buying the close will be very contrarian and most rewarding by next week's end. There is still plenty of time to fill those gaps before earnings flow in mid April

Employment data will be the excuse dejur for the day

We see!

Bob