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
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!
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
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
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.
Nice set-up, thanks SC.
ReplyDeleteThanks Joe! Looking great!
DeleteWeekly AMC remains in a bullish configuration.
ReplyDeleteFor AMC I have a model that I use too. I'll post this with the comparison.
ReplyDeleteAMC should be close to a low, once it starts pressing against the orange line that's when it'll be ready for gaps up.
ReplyDeleteInflation 7% not super serious yet, but getting there... It'll blow up this year.
ReplyDeleteMy approach to inflation is always the same. Own Oil. I buy the hottest component of inflation itself.
ReplyDeleteMost people have no position in Oil or underinvested in Oil. This is baffling given all the talk of inflation.
sc,
ReplyDeleteMarket 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!
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!
ReplyDeleteAmc--is tied to the NDX--lets see what it does!
ReplyDeleteCeo done selling amc. Up we go!
ReplyDeletehttps://finance.yahoo.com/news/amc-ceo-says-done-selling-232008864.html
Excellent!!! Good timing!
Deletesc,
ReplyDeleteIt 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---
sc,
ReplyDeleteIt 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
Hello
ReplyDeleteI 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
ReplyDeleteI 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.
DeleteI 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
DeleteI 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.
Deleteguys,
ReplyDeleteit 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!
SC---uvxy?
ReplyDeleteSc xbi hit 98
ReplyDeleteThank you, I have an XBI update coming.
Deletesc--
ReplyDeleteIf we close below SPX--4660----we will dump hard for the next four days ---probably ---new lows!
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!
ReplyDeleteAMC has some divergence forming now. Looking to add again soon. The Calls are finally getting cheaper as we wait for the 11th hour.
DeleteThere's not enough Omicron to be of concern yet.
ReplyDeleteNDX 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.
ReplyDeleteAMC successful test of $20
ReplyDeletewe need a solid up day on this AMC ....
ReplyDeleteLet's get ready to rumble...
ReplyDeletehttps://www.reddit.com/r/amcstock/comments/s5ly06/big_european_investor_triples_its_amc_stake/
New chart posted!
ReplyDelete