Bullish Start to the days trading

[john_1]

Looks like its setting up a nice little right shoulder to me.

[barry_1]

yes,that is when the market eventually opens!

[barry_1]

Ah they are open now.

[_nova]

yep, really nice spot of shorting coming up for breakfeast :-)

[#5]

nah Johnny u got it exactly 180 degrees wrong!

[john_1]

Educate me. WHY?

[JohnnyCash]

Well, to me there's a huge h&s on the 5min ALSI with this morning's action going back and testing the neckline, that got broken yesterday pm. some 950 points to the downside if it plays out. Cant see any reason why it wont, but will be there to take the ride up if that's what they feel like. Should we however make a new low today Id be comfortable to short it full tilt.

[john_1]

In case my post was unclear.. I expect us to move lower today. based on that H&S if it plays out.. obviously I will wait for it to present itself before trading

[john_1]

this post was in refrence to the 280 point rally in the pre cash market trade.

[#10]

oh so now we change our tune....

[john_1]

A right shoulder proceeds at test of the neckline. Followed by a precipitous drop... How have I changed my tune...? I just clarified my meaning as you lack the ability to read a whole post without jumping to conclusions

[john_1]

Testing neckline as we speak.

[asylum]

johnny at what point would you enter short.

[john_1]

18450

[#15]

u must always ask John things before they happen cause he always has 2020 vision post fact...

[john_1]

To be totally honeset I have had a system short since 19000 but my entry for a day trade is 18450

[asylum]

thanks john that helps.

[#18]

hmm..

[john_1]

Mmmm what now chartface?

[#20]

John for your claims to have greater verisimilitude I suggest u adjust the margins a bit...suspiciously always just a few pts away from before it goes horribly wrong and more worryingly always post fact..