Joined Apr 1, 2010
8,861 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Nice work Chess—
Curious to know how you watch the market unfold…what software? Do you use the Freestockcharts.com?
Also can you do your best to explain The Tick?
I see Scott likes to tweet the Tick…I’ve done some basic Goog searches and have basic concept down…wanted to know how to follow it, your take on relevance to timing and such.
Thanks @kc. I use freestockcharts.com -am a Gold member. Scott knows the Tick very well. I don’t use it too much being a swing trader and all, but for quick intraday moves it can be useful.
Chess, great vid, as always…
Maybe Freeport is telling us that this little relief rally is unsustainable…
Thanks–Yeah I am going to analyze it more.
If they read the textbooks they may have noticed that flags don’t extend this long…..to a new channel up but I am a hacker.
Agreed
Extremely thoughtful analysis … supurb in fact !!!
Without question … some of tha most thoughtful and studious of tha “tabbed” bloggers on this site !!!
—
Having said that … we’re going LOWER !!! IMO
It is almost inevitable that we retest 1100ish on the S&P !!!
At the very least … 1120ish on the S&P !!!
My bet has been made !!!
I will “fold my hand” if forced to do so !
Other wise …
.
I am …
SHORTER … than Verne Troyer !!!
.
I hear you. I don’t want to be complacent here. I could see us legging lower below 1101 but with bullish divergences setting up a “textbook” bottom. For now, though, I am methodically legging back in so long as the price action fights off the bad news.
FWIW … 1100ish is a key FIB level !
—
Pray that HOLDS !!!
If you are a “BULL” !!!
Just sayin’ !!!
.
I’m looking at 1120 first, alf.
concur !!!
.
Great analysis as always Chess.
There are too many Bears out there imho. We are going higher. The market has shown some strength of late.