Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Qone0 who wrote (83436)	1/11/2024 10:34:36 AM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 Qone0 Respond to of 96692

In a manner of speaking, yes. That point however is dependent on the timeframe you use. Which is why I say that timeframe is the most important decision you make. You are representing the same data that I use with different tools. But you are essentially doing the same thing as I.

To: Qone0 who wrote (83436)	1/11/2024 11:11:46 AM
From: Sun Tzu	Read Replies (4) \| Respond to of 96692

To illustrate the importance of timeframe, let's look at the 2hr TSLA chart (which is what I am actively trading now). I already posted the 30 minute chart showing the long/short entries. But now I'm showing you the 2hr chart. Long straight stretches of colored lines are support/resistance levels which some may call points of control. Read the chart from left to right. I've put dashed lines on previous identified significant levels. See how often the stock reverses direction once it hits these points? The tricky one is the 2nd from the bottom which is ~215. Here's I'm considering the average of the little blue and the little green to add up to a single level. It doesn't always work that way, but I think we have enough material for this one. The other ones are just plain extensions of red/green lines. In particular, the recent top is almost exactly where it was predicted to be. Keep in mind that we are talking about the probabilities, not the laws of nature.