Well so far, we’ve looked at past cl moves. For the maroon, they don’t think anything of importance is being said because its after the fact. That is why they are maroons. So don’t be a maroon. There are a lot of info that is being packed in these short issues. What some people do…
Tag: Levels
KEWLTECH: Issue 075 – A Lesson In Accumulation
Early this morning a lot of funny people were short to China. One maroon attributed the pop to some news about Greece. Another maroon talked about POMO. We all know news is late. And if POMO is going to “manipulate” as those who were expecting a drop declared, those of us who are technical, understand…
KEWLTECH: Issue 069 – Leg Hopping
“Reference the the immediate leg for your current price action and reference that leg to the primary leg to see the bigger move”. Imagine if you knew about legs. Would it have prevented you from shorting 43. So sad how people were trying to short earlier but didn’t see that we are working to retrace…
KEWLTECH: Issue 068 – Lesson on Distribution
I love the reaction this morning when the market just dropped before the open. WTF happened they say. I love the remark afterwards. I predict a lower open. I know the guy was saying the latter in jest. But what are the technical reasons for the sell and why was it so aggressive? The distribution…
KEWLTECH: Issue 059 – Levels in Context Part 1
Determining the levels of interest seems to be a tough thing to do. Not so tough when the action is moving as the result of the completion of the accumulation or distribution setup, but tough on some during the start during the sideways movement of the process of accumulation and distribution. Many people consider these sideways…
KEWLTECH: Issue 058 – Levels And Momentum
Well, if you know what levels are, you know that this will be about S/R. The misinformed have been calling moonshots all last week. What is so sad, is that whenever they call for the moon, the market pulls back. Clearly displaying lack of knowledge of S/R’s and momentum. These poor blokes, I hope they…
KEWLTECH: Issue 043 – Expectation Management
Expectation ManagementYou go through life with many expectations. You start your day with some expectations. You do your work with expectations. Some people forget that expectations are not law. People become befuddled by their ruined expectations. Some people fail to adapt to changes in circumstances and become paralyzed because their expectations were not met. Traders…
KEWLTECH: Issue 014 – Setting Stops
Setting a good stop is essential for risk management. Not too many people understand how to do that properly. So I’m gonna take a stab at it and hope you can benefit from it. Stop LossStockCharts.com Definition An instruction to the broker to buy or sell stock when it trades beyond a specified price. They…