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Tuesday, January 11, 2022

AMC - Bull Flags

AMC has formed a bull flag inside of a much larger bull flag. This is an extremely bullish chart development. As shown, AMC may be so hot that it gaps towards the next target of $70. 2-Hour Chart and Weekly

32 comments:

  1. Weekly AMC remains in a bullish configuration.

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  2. For AMC I have a model that I use too. I'll post this with the comparison.

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  3. AMC should be close to a low, once it starts pressing against the orange line that's when it'll be ready for gaps up.

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  4. Inflation 7% not super serious yet, but getting there... It'll blow up this year.

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  5. My approach to inflation is always the same. Own Oil. I buy the hottest component of inflation itself.

    Most people have no position in Oil or underinvested in Oil. This is baffling given all the talk of inflation.

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  6. sc,

    Market is up to Friday---with some kind of pull back into the end of the month---could be large or small ---I wait for the end of the end of the month to get in!

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  7. Market is up to Friday---with some kind of pull back into the end of the month---could be large or small ---I wait for the end month to get in!

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  8. Amc--is tied to the NDX--lets see what it does!

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  9. Ceo done selling amc. Up we go!
    https://finance.yahoo.com/news/amc-ceo-says-done-selling-232008864.html

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  10. sc,

    It could be a 5-3-5 pattern

    5 days up last week --3 days up this week ----followed by 5days down----way to early to tell?

    we are coming into earning season---spx---

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  11. sc,

    It could be a 5-3-5 pattern

    5 days DOWN last week --3 days up this week ----followed by 5days down----way to early to tell?

    we are coming into earning season---spx---where we are going

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  12. I have been trying to do some reach on marks timing. I came across someone known as “Trader Joed” who has posted and commented here before. I was wondering if he mentored you? If you had any recommendations on learning price and time cycles? I reached out on Twitter so I’m trying here - Thank you for your time

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    1. I know Joe but haven't heard from him in a long time. I don't know much about his methods. He used Gann pitchforks as I like to use.

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    2. I believed he passed away… I’m a younger trader looking for wisdom… I’ve studied market geometry over the past 3 years. I feel very sharp with what im doing now. Just always early on most trades. Trying to figure out how to sharpen my skills on timing. I heard down the grape vine he was one of the best traders on price and time. That’s why i asked. Thank you for your time SC

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    3. I used to chat with him quite often. Very experienced trader for sure. His charts were simple which is something I believe in as well. Yes, price is usually the first focus but then timing is neglected. This is why I like to use models and cycles. It gives a better understanding of how long things take - time. The market indexes are large and it takes a long time for momentum to fade or strength to build. When you think a turn is coming wait some more. Also another trick I use. Average in but space out your entries. Don't add too quickly. This way if you are early you will have a better average. It all comes with experience.

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  13. guys,

    it looks like a 5-3-5 pattern ---we could go down 5 days--test the bottoms again--

    https://www.cnbc.com/2022/01/13/omicron-biden-deploys-military-medical-personnel-to-hospitals-in-six-states.html

    This not good for NYC or Jersey!

    I will wait for the end of day to see if the Fed saves us!

    we are in a free fall again!

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  14. sc--

    If we close below SPX--4660----we will dump hard for the next four days ---probably ---new lows!

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  15. amc---broke new lows---it has a gap at 16 to 17---that is your buy area--still questioning spx-4660 line in the sand---thanks Biden!

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    Replies
    1. AMC has some divergence forming now. Looking to add again soon. The Calls are finally getting cheaper as we wait for the 11th hour.

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  16. There's not enough Omicron to be of concern yet.

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  17. NDX is the key and I have a chart coming. Notice that NDX is up and printing a hollow red candle for the week. Those are positive.

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  18. we need a solid up day on this AMC ....

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  19. Let's get ready to rumble...
    https://www.reddit.com/r/amcstock/comments/s5ly06/big_european_investor_triples_its_amc_stake/

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