MQP PRESENTS - GOING NO WHERE FOR 1 WEEK AT LEAST
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HEADER - The break of the bull route last night has put us in a continuously neutral position for 5-6 trading days. After that, it maybe worth taking a short, after FED MINUTES on Jan 4th, 2023.
SUMMARY - After breaking back-to-back-to-back bull/bear/bull setups, regressions under 100 days have us going no where for a while.
DETAILS - In this scenario, there's nothing worth trading until Jan 4th short. The bollingers will be much tighter at that point. So at most, the value for the short is 75 pts IF IT EVEN SETS UP. I'm sorry to disappoint but it is what it is. This process has me questioning the value of the methodology. How long do you have to wait for something if you are not interested in scalping?
SUMMARY - After breaking back-to-back-to-back bull/bear/bull setups, regressions under 100 days have us going no where for a while.
DETAILS - In this scenario, there's nothing worth trading until Jan 4th short. The bollingers will be much tighter at that point. So at most, the value for the short is 75 pts IF IT EVEN SETS UP. I'm sorry to disappoint but it is what it is. This process has me questioning the value of the methodology. How long do you have to wait for something if you are not interested in scalping?
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NOTES 1 - FWIW, my scanners picked up the move to from 1810 to 1798 last night. I just slept through because I the floor is high w/ tightening bollingers for a while. That just means that if bull route doesn't happen, we would proceed to go nowhere.NOTES 2 - To sum it up. This process has a couple of useful values:
1) scalping, you just have be on all of the time, meaning no trading if you are not watching
2) in that sense, it would be a great scalping tool
3) and finally for giant setups, but they don't always follow through
4) so as I have suspected before, it needs machines to do the dirty work
5) I have failed to attract funding to push this thing forward, so it would seem like this is the end of the road
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NOTES 3 - To quote T.S. Elliot, "The end of the world is not with a bang, but with a wimper."
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NOTES 4 - SOMETHING SICK IS HAPPENING!! 1) I don't know how, but SICK SPIKE WANTS TO HAPPEN INSIDE 36 HOURS
2) ITS CRAZY!!
3) HAVE TO REVIEW WHEN I GET IN FRONT OF CPU
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THIS POST HAS EXPIRED. INTRODUCING SCALPING DEVICE #1:
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NOTES 5) BACK HERE 6:50 AM ET 12/29/221) with the scalping device #1 fail to follow, all I see now is going nowhere until 01/04 or 01/06
2) there seem to be a worthwhile short starting 01/04 or 01/05
3) it's about a 60-80 pt swing, but it's not so much "size" as it is the accuracy
4) so that's all I got now, will post more when I can
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END OF ALL PREVIOUS POSTS, HERE IS WHAT'S ON MY MIND FOR THURSDAY 12/29/2022:
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