forker

Pitchfork Trading - Video 2

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Video Nr . 2

I continue the analysis from Video Nr . 1 and show you, why the market is so extremely stretched, and why you need to be super cautious these days.

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Comments

Can you chart the 1987, 2000 and 2007 tops in the DJIA?
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Interesting spot with the AR line and the WL confluence.

I'm of the opinion that it might break over it first though, more likely to get a significant top by October.
Reply
forker IvanLabrie
@IvanLabrie,

Well, with such a relentless market, it's absolutely in the range of possibilities.
Even the Action/Reaction Modell tells a similar story (see chart below).

And this is exactly the reason why I don't try t "forecast", try to tell the future anymore.
There are always two forces in opposite sides at work , and we don't know which one wins.

Instead we just need a set of rules to follow where we know, in the end we come out with a junk of profit if we follow them.

Here's the A/R Model:
We know there's a high chance that price is going from line to line.
So we see that after the bounce below, the new target is above, the orange reaction line:




Cheers
Emilio
Reply
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