Addy 10:46 am on Friday, July 27, 2018

Here came the sharks, shaking…

Here came the sharks, shaking the market, got there millions and now drinking the champagne.

MamaCash 10:47 am on Friday, July 27, 2018

As long as we leave with a few dollars ourselves, we can drink champagne too.:-)
- Addy 10:48 am on Friday, July 27, 2018
  
  we could, but we can not afford the expensive ones 🙂
  
  Also I wish they will be drunk and leave the market because they always come back at the end collecting the money they did not get in the first round.
- hcgdavis 11:22 am on Friday, July 27, 2018
  
  Or cheap beer like @fuzzballl 🙂
  - fuzzballl 11:37 am on Friday, July 27, 2018
    
    Coors Light baby! I’m a simple man…
    
    🙂
    - fibwizard 11:38 am on Friday, July 27, 2018
      
      Spaten or Paulaner Salvatore…
      - fuzzballl 11:38 am on Friday, July 27, 2018
        
        Must be a Texas thing there…
        
        fibwizard 11:40 am on Friday, July 27, 2018
        
        Or Shiner Bock..made outside of Austin, in Shiner,Tx
        A real German Bock…
        
        hcgdavis 12:10 pm on Friday, July 27, 2018
        
        good beer but we can only get it here occasionally
    - hcgdavis 12:08 pm on Friday, July 27, 2018
      
      The East coast equivalent is yeungling but they also make a tasty black and tan
      - hcgdavis 12:09 pm on Friday, July 27, 2018
        
        Or if you want to go really cheap national bohemiam from baltimore.
        
        A local bar used to sell 32 oz fish bowls of the stuff for a buck when I was in college 🙂
        
        fibwizard 12:10 pm on Friday, July 27, 2018
fibwizard 11:35 am on Friday, July 27, 2018

Hmm, I dont see any sharks…Addy, your Kool-aid might need to be diluted a lil…
- MamaCash 11:44 am on Friday, July 27, 2018
  
  @fibwizard, does that mean this little sell off doesn’t bother you at all? 🙂
  - fibwizard 11:47 am on Friday, July 27, 2018
    
    no, it doesnt…sell offs are opportunity’s….
    - MamaCash 11:50 am on Friday, July 27, 2018
      
      Agree
      - fibwizard 12:01 pm on Friday, July 27, 2018
        
        Last reversal signal I have is 7-2-18…for a reversal up of 145 points..Right now I dont see that..acceleration isnt reversing as yet..right now I see a lil sideways movement..until I see acceleration to the red side, I have no trade to make..
        
        MamaCash 12:04 pm on Friday, July 27, 2018
        
        Thanks for that info. Appreciate your insight.
        
        MamaCash 12:04 pm on Friday, July 27, 2018
        
        Do you see a reversal on the RUT?
        
        fibwizard 12:17 pm on Friday, July 27, 2018
        
        I would have to lean that way, based on the chart..its closed under the 34ma…with a strong move down, ADO is under zero and red..7-23 would have been the short day if I traded it…
        
        MamaCash 12:24 pm on Friday, July 27, 2018
        
        That’s what I see too. I was planning to short RUT the next time it hit the 1700-1707 area and failed but I missed it.
        
        fibwizard 12:29 pm on Friday, July 27, 2018
        
        my indicator reversal system usually is reasonably accurate..I usually trade it to get tops/bottoms for spx bups..while its not perfect, I give it a 90% accuracy rating…when its all in alignment, its usually correct..and then I let my Fibs give me the levels to trade to…like my macs, it just works…
        
        fibwizard 1:18 pm on Friday, July 27, 2018
        
        it worked for the Crude Oil Futures sell off at 7-2 also..you could have made 8K on that move down, and 3K on the move back up so far…in swing trades..
        
        MamaCash 1:49 pm on Friday, July 27, 2018
        
        Love your reversal chart. Are some of indicators those proprietary?
fibwizard 1:56 pm on Friday, July 27, 2018

no, all three indicators are supplied in TOS..
ADO
SMI
DPO

When ADO reverses and changes color, it signals a pending weakness or reversal near term..
when SMI is above/below +40/-40, and DPO crosses zero headed opposite, usually a worthwhile reversal results..from a top or bottom condition..this is how I call out tops/Bottoms and take advantage of my charting to get in trades very early..Buy Long puts at the top turns, and sell short puts at the bottom turns..
As Wayne Gretsky, The great one, says, trade where its going, not where its been or is…

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