SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (44743)11/24/2021 4:38:48 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Respond to of 97495
 
As an FYI, the 8hr chart pretty much shows the actions of Asia, Europe, and the US in successive bars. Asia tends to follow the US lead and EU tends to counter Asia. When they all agree with each other, you get massive runs followed by a bounce. There is a rough rhythm of 3 up days (about 10 bars) and 1 down day (about 4 bars). So Friday, Monday, maybe Tuesday up, then Wednesday we'll know if this was a bull trap. This is the rough sketch - you can't trade off of it, but it sort of paints the way.



To: ajtj99 who wrote (44743)11/26/2021 5:45:50 AM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97495
 
FWIW, I was seeing a bull trap in the form of a failing W. The trend was down, the W's last leg had made lower low and lower high, and it stopped just short of the MA. It could have gone a little higher into today and maybe Monday, but with weak market internals. I didn't think there was a chance of making it much higher.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News