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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #1761 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011






The reason each pivot is higher is not relevant to price, it is relavant to value

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  #1762 (permalink)
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  #1763 (permalink)
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Think about it like this. Value is rising, but buyers are remaining consistent with where in value they are interested.

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  #1764 (permalink)
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Which is what is keeping this day trending up, while still not being a "trend day".

Upward Rotation
is the game of the day.


As a swing trader, I would be selling here.

As a daytrader, I have to go with momentum, which is not off the charts strong, but obviously up.

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  #1765 (permalink)
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I don't know where I want to be in that mix today, and am flat just watching, thinking...


Having opened out of range, but then open auctioning, and having major resistance overhead and probing above a prior proven unfair high...

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  #1766 (permalink)
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And for a new trding alternative, I have started studying flamenco guitar, something I have never played before. It is new and exciting and challenging and intoxicating.


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  #1767 (permalink)
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Action pivots around the DPOC

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  #1768 (permalink)
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  #1770 (permalink)
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Why are they willing to keep paying slightly more than oil is currently worth?

Because the risk about what we do not know yet is perceived to be heavier to the upside.

We trade the future, and what "could" happen scares people into buying insurance on everything from cars to homes to medical to life itself.

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August 5, 2013


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