NMG achieved 85. I am not happy with how bears were allowed this deep...

can it print 52? time will tell. firstly, will watch PA behavior @ 63

Hello everyone
Thought for the day
A lesson on strategy from Sun Tzu's classic, The Art of War... Sun Tzu says:
"Whoever is first in the battlefield and awaits the coming of the enemy will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted"......
As the new quarter begins...Prepare. Do the work required. Work your edge/charts over. Reflect, annotate, take notes, focus.
Be fresh on any given day for the "fight". Never "hasten" to battle (trade).
Remember, in trading, one person makes money by the other person losing their money.
Which do you want to be?....
You decide.
best wishes

Hello Mukiri.
Welcome to directional forecast. Here we are learning how to ride the tides. As stated before, we retail traders don't make price movement we rely on institution and guys with big pockets. Ours is to predict where their monies are headed and risk our money. If we can do that with at least 70% accuracy and have good money management, we will be at home. We will be the casino and not the gambler... kindly check below my signature for skype id and email address. feel free to post

This is what ichimoku trader would have said 3 trading days ago:
" Although we are within a thick kumo, ARM's future is bright. Now waiting for kumo break and then consider to engage at the kijun-sen" ...
when bulls conquer 22.7, it might act as the support during the pullback

KNRE:
for the forker


for MA believers, we have price below both 200 and 400ma(does not sound nice). Great resistance around 20.5. If bull are able to achieve a close above 20.25... then bull run resumes.
In the grand scheme of things, Market is well aligned with bull strength but.... I am yet to see interest. Just my opinion. prior opinion here
Trade what you see.