true need that 4 taking out double but there's so much at just below that's taking up a lot of the buying we have the 200day sitting there at 93.50+ area plus the point chart double top at 93 1by 3 big chart Also on 50 by 150 we have double top there too. At 93.50 weekly bar chart 50day avg sitting just below 200daily at 93.41 PLUS DAILY BAR CHART GETTING OVERBOUGHT BUT COULD STILL HAVE 1 MORE GOOD SHOT IN HER MAYBE UP TO 94,50 AREA BEFORE WE CORRECT THAT IS IF WE DO AS NOTHING IS WRITTEN IN STONE YOU CAN SEE THE REASON FOR THE SELLING UP HERE WITH SO MANY NUMBERS ALL MEETING IN SAME AREA NEWS SAY OF A UPGRADE OR 2 WOULD DO THE TRICK WITHOUT ANY CORRECTION NOTHING LOOKING BAD VERY POSSIBLE IF WE GOT ANY PULLBACK OF 3 TO 4 DOLLARS THAN TAKE OUT WHAT WOULD THAN BE A TRIPLE TOP AT 93 WITH THE 4 PRINT ALSO TAKING OUT 45 DEGREE DOWN TREND LINE WOULD REALLY GIVE HER ONE HELL OF A UPSIDE KICK TAKING US AT WORSE TO 97 IF NOT OLD MASSIVE TOP AT 100? I DO BELIEVE IN TIME GOING FORWARD CME CAM AND SHOULD SERE MUCH HIGHER PRICES AS PONZ SAID IN ONE OIF HIS POST 112 -120 NOT OUT OUT OF QUESTION JUST NEED TIME,,TIME IS OUR FRIEND GOOD LUCK
My son says 450 tdy bi just think i have too take some off up here at the 75 80 again it failed and not day trade this don't get me wrong everything looks good going forward but do we rest here or higher say 450 to 6 area and work off being overbought?watching now if it fails and does not make a new high at least with a 4 i will sell 450 it's here or 450 i hope ? Got 250 at 70 out on bal will wait or later in day for bal good luck anyone with thoughts right here tdy thanks
true but pls be careful we are getting a little overbought on daily so try not to buy the signal area in point chart were we could strart seeing selling off of point 96 97 gives off new buy ABOVE DOWN TREND LINE WHICH IS VERY BULLISH 97 SHOULD AT THE LEAST GET US 100 BUT WE WOULD BE VERY OVERBOUGHtTIF WE GET THAT BUY NOW.... WOULD LIKE TO SEE 6 THAN SIDEWAYS OR SMALL PULL BACK WORK OFF BEING OVERBOUGHT THAN BAM HERE WE GO IT'S COMING BUT NEED TIME GOOD LUCK
yes weekly looks good so does the action in daily a little overbought but can still move up in my last post told you my game plan to sell half at 200 day i sold 450 at between 75 77 i should say my son put that number in he bought them back at 93.36 his first cme trade i just sold my shares at 93.80 not sure what i am going to do as you know i wanted out off 900 but he thinks we can still go higher tdy even though we are getting overbought some thinking 94.50 were he put back the 450 he day trade in He screwing me up here thinks it's best just to get out and trust his view? so far bought 200 at 93.46 100 at 93.47 100 at 48 You can't have 2 different people trading same acct same time i thought it would be ok he knew what the game plan was but he started buying them back so after i sold mine just a while agao had to get out so we don't end up all screwed up back So now we still have that double top at 93 and all those highs at the 200 day avg What now can't see a good place to get buy the last 100 i bought at 700.365than sold on your heads call at 705+ oversold but would like to see it get back above her 20day any thought there?? many thanks A word of advice never let anyone else trade your acct same time your trading we were lucky this time but it's not sa smart thing to do All the best ans hope your doing well any news tdy for run up??? thanks
but don't forget we failed at the 200 again 3rd time really need to get a close over 200 but were getting overbought just a little any news would be ]help to take out double top and kill 3 box key still there wonder who sold 77 any guess for a day or swing trade last g]high 81???
In your post about volume i see ponz talk about you getting sick?i hope it's nothing to bad and you will be back on your feet in no time.. Once a week i go to church to lite a candle for my wife and myself, and for ponz when he went in for his hip problem come this sunday will lite one for you so everything turns out a ok. And hope by early this year your selling some cme above 100+ all the very best
Agree with you thinking on both Sps overbought but think it's possible she can move up to test last highs 194.86 we have had 2 highs there? Cme i have a game plan thinking of selling 900 ahsre half of my core position starting at 5te 200day avgs I think it;s possible if sp open higer it could take us up to test out last highs at the 200 day too were overbought but not that bad Than i would be looking for a pullback to buy them back if i don't get i can live with what i have on I do believe that we could have by years end see 112 to 12 the best is ahead of us But now i think after this rally fails, if it does that is be it 94 95 i hope to see correction no more than 3 4 boxs at best is very possible tHE BEST DOWN DAYS IN SPS HAVE BEEN FROM HIGHER OPENINGS iT'S STILL FAR FROM BEING A BULL MODE IT NEEDS TONS OF WORK BEFORE ANYONE CAN THINK THE BULL IS BACK iT'S GOOD TO SEE YOU TAKR SOME OF THAT BIG GAINS OFF TABLE AND GIVE THE TAX MAN HIS SMALL SHARE WELL DONE AND AGING THANKS FOR THE HEADS IN GOOG
just put in order as i was reading you post thank you just selling what bought tdy 709.065 thank you for the heads up my friend cme looking god but would sure like to see that double top taking out the 3 box key
Yes watching weekly and she's not to far from her mov avg too? 91.70 93+ like you always taught me to watch and see the macd line when she at widest more than not that's the low of move or iof it's on top than it's the high and now she's seems to be at the widest and mov up
Looking at 705 buy signal or if it dips down to 780 775 area? She could go as low and test lows but that' makes little sens i doubt she will do that even thinking 780 area might be hard to get there too? Think 705 buy area would be best bet right now ?? 60 minute chart showing mov avg around 683 684 arrea and not overbought so it's possible looking at that chart it could get to were i would LOVE to get in,but if big mkt keeps n going like it has up,than it's going to be hard to think goog is going lower from here? Your thought would be nice If anyone has had a good feel on goog its you as you, you should heave a better handle on it than most of us on this board Many thanks By the way how's rehab going? Hope your getting back to normal again? All the best
bought some back at 50day 90.25 Had to sell the formation just for a swing trade sold them at 91.95 This formation 7 columns wide up i don't like to see Going to hold off buying back anymore will put stop in at 91.75 on 300 shares It's possible that if i can;'t get that test of 200day again need that 3 print to kill formation, or i could see lower prices short term?? EVERYTHING IS GOING GOOD FOR CME SO I REALLY HOPE I GET STOPPED OUT don't want to see his 3 box take us down to double bottom at 87 any thoughts would be great I know more than not i am the only guy that trades the 3 box formations for day or swing trades beside ponz .Good luck guys
That's why i hate 3 day weekend we could have had a real good start ti the week with just about all over seas mkts up plus oil too ,gld down about 2% everything going our way now we have to hope they all closed up and open up higher tmw too?
The formation higher highes higher lows is it a bear formation or bull not asking about it for cme most take it as a bear formation i have no clue don't have a bar chart book to find out looking at history from other charts must have seen about 50 more than not 67%were bullish myself i am not sure because i look at the cme at times with my heart and not with my head and that gets me in trouble i am long cme been long for years also been in and out swing trading core position 1800 shares point chart stopped at 45degree down trend line 93 200day avgs 93.59 weekly avg50day 93.46 been selling that number and buying back dips weekly chart is what i am asking about thanks
yes we are going nuts with vol which is great.. think this pull back is just a over do correction from failing 200day plus we were overbought Think it's good for her to pull back and not get to over done That formation i see it a lot lately forget cme by the book is it good or a bad flag ?? thanks ponz
ABOVE NOT OVERSOLD BUT HAS THE 3 BOX UP KEY WITH HIGH POLE TOP TOO? THE RIGHT THING WOULD BE TO SEE IF TRYS THE AVGS THAN SELL IT IF IT FAIL.. BUT I CAN'T FIND ANYTHING ELSE TO TRADE TDY So i sold it short at 115 65 not sure were i am going to put stop but i will be out by close if it close good so i guess my risk is a buck If it closes good will than wait and watch to see what it does if it gets up to the 20 and 200 avgs?The 20looks like it will be taking out the 200 by Tuesday i think? Boy i hate theses 3 day weekends Hows your rehab coming? With you being home now ,do you get a chance now to day or swing trade anything to keep you busy and your mind off of any pain?? Have great weekend ..
If you have chance look at the weekly Cme bar chart It's in a up channel the past 4 weeks With HIGHER HIGHS and HIGHER LOWS.. BEAR or BULL Formation?? MANY THANKS GUYS I am thinking bear flag