10,000 Screams In the Dark
10,000 Screams In the Dark
Onorio was bitching about the financial MSM – he never understood the hoopla about the Dow 10,000 hats. Good for him – he’s one step closer to checking out of the matrix. My POV – it’s all mental masturbation – it’s fabricated news and it has no significance when it comes to trading. May be good for a one or two day volatility increase as investor lemmings pile in or sell out – depending which way the line is being crossed, upward or downward. Medium or long term round numbers are completely meaningless and are just fabrications of our consolidated imagination (or lack thereof). Let me prove it to you:
2710 = 10000 in hexadecimal
23420 = 10000 in octal
0010011100010000 = 10000 in binary
All this trash is merely clogging our minds – it’s fun but don’t attach meaning to where there is none. At Evil Speculator we focus on trading only – if a round number somehow lines up with a technical indicator – fine. But otherwise it’s just a number.
I have a few more symbols to share – let’s get right to it:
[amprotect=nonmember]Symbol setups and commentary below for anyone donning a secret decoder ring. The rest of you guys will have to wait until after the session – sorry. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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Was about to post this one as it was touching the line – and then I got a phone call – not too late though. Set a tight stop though – if this one breaches it could get very ugly.
MTL looks pretty juicy right here. That line should be drawn with a crayon – so don’t be too stingy with your stop.
AET ain’t so bad here – we are a day or so too late however for an ideal entry. Which is why I would wait for a retest.
[/amprotect]UPDATE 1:45pm EDT: Inspired by my Fractal Attack post raised_by_wolves (RBW) just posted this in the comment section. I liked it so much that I decided to put it on the front page:
Personally I usually don’t even look at candle patterns but based on the input I have received from several people since last night I should probably revisit my approach. Candle fractals seem to go along with signal fractals. This is fascinating stuff and I will dig a lot deeper here (don’t get excited ladies).
Cheers,
Mole
