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The Creek and Eating Thru the Supply

November 20, 2017-8:46 am traderscott 1

The last few weeks I kept talking about “eating thru the supply at 1285” and “backing up from the edge of the creek”. You can only “back up” in  an uptrend, time-dependent. The following goes...

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Springs: XLNX, XNET, MRNS, IMMU, ONCS, CADC, EKSO, ACHN, DBVT, KR, AMD, SPY

November 20, 2017-8:46 am traderscott 2

Today’s examples, all of these were discussed many times already in videos and in premarket comments. Some of these I/we traded/am trading. And remember springs are for daytrading all the way to monthly charts. XLNX –...

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Approach

Chartwork and Creeks and the 1933 Retest

November 20, 2017-8:33 am traderscott 2

There are 3 charts which I worked on back in the 1990s. It’s an example of the kind of obsessive work which I did in my early days. The second one about “the creek” was...

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November 17 Premarket

November 17, 2017-9:24 am traderscott 7

The bond market, to repeat, is in the biggest distribution area I’ve ever seen. This whole globe is built on low/zero/negative interest rates. Everything about everything in everything for everyone is built upon this. Did...

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November 16 Premarket

November 16, 2017-9:26 am traderscott 10

Accumulation (plus re-accumulation) is the single most important tool and the single most important force in analyzing markets for a long-side trader or investor. There is nothing close. One hugely confusing part of it is...

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November 15 Premarket

November 15, 2017-9:25 am traderscott 1

From Monday’s premarket – “On Friday I talked about gold trying to “eat thru the supply at 1285”. Two ways to do that, trade sideways (absorption) or “back up from the creek”, talked about this...

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November 14 Premarket

November 14, 2017-9:27 am traderscott 2

A couple of times back in August, the 30th and 31st, we discussed the situation with a spring forming in the $ – The US$ has the potential to put in a longer-term spring, but I would still...

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November 13 Premarket

November 13, 2017-9:19 am traderscott 0

There are  2 new video lessons here and here. We all need one setup which we can truly believe in and become a true professional at it. Springs to me are the best one. They...

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Cause vs. Effect / Point & Figure

Point and Figure

November 13, 2017-8:27 am traderscott 4

Point and figure charts are an excellent tool, especially as an adjunct to all of the other tools. A gentleman, Howard, introduced me to them in my early days. He kept point and figure charts...

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Springs For the Week

November 13, 2017-8:17 am traderscott 4

Let’s take a look at the springs for the week. We need at least, not at all necessarily more, one setup which we can truly believe in. And then become an expert at that setup. My...

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