There's a huge crash coming SOON. Just google 'Insiders dumping stock" and you will find several news agencies covering what has been going on in the last several days. This is recent. These CEOs and other INSIDERS are GETTING OUT OF THE STOCK MARKET. The amounts of these dumps are huge and it's not just a few companies but MANY. These insiders are the best barometer of what is coming.
Although I often disagree with you on many things I cant argue against your outstanding analysis in this video. From one trader to another I give you Madd Props on this this one dude. Well done. I actually agree with you on this one. LOL . Be encouraged. THE VULCAN
I would think the only way (using sound technical analysis) that you could go long this market is when there is a pull back at least to the trend line established from the previous two low points (post the flash crash).. and if there is strong buy volume at that lower trend line. From there I would say the bulls have grabbed control. From here it's too risky (based on just the QE ponzi scheme) for me.
By these statistics there should be next to zero percent chance of not even one of the ten gaps filling in this time frame. I am guessing the historical data do not apply to current conditions.
Christian will be right if the Nasdaq gaps down tomorrow forming an evening doji star. It will be a new moon tomorrow as well (if you believe in those things). Otherwise he's going to be facing a tough crowd.
I think Christian is right and oldschoolchartist is delusional, he should have been banned; there are enough sycophants and stock market cheer leaders spouting rigmarole on the financial news stations. This channel is for an objective and lucid look at this contrived and deranged market.
A gap is formed when the opening stock price of the day is much higher (or lower) than the previous days closing price. The area created between the two prices (where trading did not take place) is referred to as a "gap".
The old trading axiom says that all gaps will be filled--if a stock price jumps up, creating a gap in the trading price, theoretically price should later on come back down to "fill" the gap.
@jroof50 I said nothing about gaps stoch macd and all that
Earnings will be crushed soon Yeah NOW you don't care about gaps We'll see a bit later on, even today
And your 80% probability shows you are hedging already to have an out At least Christian shows he believes his own analysis 100%, right or wrong - short//swing term. Longer term Christian will be right 100% right THE U.S. is DEFAULTING by INFLATION..
@jroof50 The QE thing concerns me, but I do think some indicators are hard to buck.. such as the very low volume this rally has been based on, not to mention the gaps. To me, volume is the key. At most I think it will be a very sharp (trap) type of rally, with some sort of quick major pull back. Time will tell.
the fed is destroying the dollar, so that is just bullish for the markets. i'm with you on the fundamentals but they don't matter until sentiment changes. all economic news is bullish. but just maybe, now that the qe2 news is out, the selling may be coming? and when it hits the fan, watch out below. until then, can't short it.
I went through all energy stocks weekly time period. They are as bullish as it ever could get. They didn't rally this couple of months. instead they created a huge base, mostly cup and handles. Hard to go against them, charts don't lie.
I'm tightening stops, $600B is really the minimum amount of QE that was expected and now that we all know the number, the market can do it's thing without the anticipation flying around.
Why gaps matter. Awesome vid. was wondering about Rod Davids philosophy on this and although they may not be the same they ten to be high probability events, I think Rod has more qualifiers but most are must fils.
the gaps in qqqq are mainly due to aaple. If you want a downturn, watch for apple to break lower. And since qqqq is the leading index right now, if it turns down, spy and dow should follow suit.
I agree Gaps do matter.. And no it is not different this time. Options expire tomorrow. Max pain on SPY is 118. There is a time to buy the dip and now ain't it.
There was a time when there was probably a 97%+ chance the housing price would go up since that had been the case for all eternity. If the gaps are to be filled it won't be because that has 97% chance according to the charts but because the fundamentals dictate so.
There's a huge crash coming SOON. Just google 'Insiders dumping stock" and you will find several news agencies covering what has been going on in the last several days. This is recent. These CEOs and other INSIDERS are GETTING OUT OF THE STOCK MARKET. The amounts of these dumps are huge and it's not just a few companies but MANY. These insiders are the best barometer of what is coming.
tim3687 1 year ago
Although I often disagree with you on many things I cant argue against your outstanding analysis in this video. From one trader to another I give you Madd Props on this this one dude. Well done. I actually agree with you on this one. LOL . Be encouraged. THE VULCAN
pulsescan72 1 year ago
I would think the only way (using sound technical analysis) that you could go long this market is when there is a pull back at least to the trend line established from the previous two low points (post the flash crash).. and if there is strong buy volume at that lower trend line. From there I would say the bulls have grabbed control. From here it's too risky (based on just the QE ponzi scheme) for me.
colty77 1 year ago
By these statistics there should be next to zero percent chance of not even one of the ten gaps filling in this time frame. I am guessing the historical data do not apply to current conditions.
cunnidvd 1 year ago
Christian will be right if the Nasdaq gaps down tomorrow forming an evening doji star. It will be a new moon tomorrow as well (if you believe in those things). Otherwise he's going to be facing a tough crowd.
curlyorange 1 year ago
I think Christian is right and oldschoolchartist is delusional, he should have been banned; there are enough sycophants and stock market cheer leaders spouting rigmarole on the financial news stations. This channel is for an objective and lucid look at this contrived and deranged market.
GanjaZombi2 1 year ago
Can someone please explain what a "Gap getting filled" acually means?
Flurken112 1 year ago 4
@Flurken112
A gap is formed when the opening stock price of the day is much higher (or lower) than the previous days closing price. The area created between the two prices (where trading did not take place) is referred to as a "gap".
The old trading axiom says that all gaps will be filled--if a stock price jumps up, creating a gap in the trading price, theoretically price should later on come back down to "fill" the gap.
This can happen across multiple time frames.
wizardofounce 1 year ago
@wizardofounce Excellent explanation, thank you very much.
Flurken112 1 year ago
@jroof50 I said nothing about gaps stoch macd and all that
Earnings will be crushed soon Yeah NOW you don't care about gaps We'll see a bit later on, even today
And your 80% probability shows you are hedging already to have an out At least Christian shows he believes his own analysis 100%, right or wrong - short//swing term. Longer term Christian will be right 100% right THE U.S. is DEFAULTING by INFLATION..
No offense here to you
But the guy is entitled to have a youtube channel
meetMr7 1 year ago
@jroof50 The QE thing concerns me, but I do think some indicators are hard to buck.. such as the very low volume this rally has been based on, not to mention the gaps. To me, volume is the key. At most I think it will be a very sharp (trap) type of rally, with some sort of quick major pull back. Time will tell.
colty77 1 year ago
@jroof50 Oh yeah? Wait til thos materials prices get into the wholesale channel.
meetMr7 1 year ago
... I mean on the $SPX
Fearlessthinker 1 year ago
There was a gap down from April top so perhaps that's the goal, using the same theory.
Fearlessthinker 1 year ago
Christian, did the low gap on the vix fill yet?
nocsm1 1 year ago
the fed is destroying the dollar, so that is just bullish for the markets. i'm with you on the fundamentals but they don't matter until sentiment changes. all economic news is bullish. but just maybe, now that the qe2 news is out, the selling may be coming? and when it hits the fan, watch out below. until then, can't short it.
davecir123 1 year ago
I've been adding shorts on the S&P starting at 1165...its turning into a wild ride...sit tight and be right.
whaler3232 1 year ago
and this is trading?? Short it and hope that it will turn down?? there are futures ES EN YM and there are no gaps there. So those gaps do not matter.
Sp target 1300
trajderi52 1 year ago 2
I went through all energy stocks weekly time period. They are as bullish as it ever could get. They didn't rally this couple of months. instead they created a huge base, mostly cup and handles. Hard to go against them, charts don't lie.
Kimulita 1 year ago
So you just add another (1) down arrow after more then 7 short calls and not one cover short, and now your average is half of the move. Funny.
me2995 1 year ago 2
You just went short it today according to this video. Lots of other folks were bearish earlier than today. Great timing.
RVAspeculator 1 year ago
It's science vs the Fed. I'm thinking gravity will prevail
silverstorming 1 year ago
I'm tightening stops, $600B is really the minimum amount of QE that was expected and now that we all know the number, the market can do it's thing without the anticipation flying around.
aaronbasile 1 year ago
Why gaps matter. Awesome vid. was wondering about Rod Davids philosophy on this and although they may not be the same they ten to be high probability events, I think Rod has more qualifiers but most are must fils.
ClintfromNYtoVA 1 year ago
everyone makes bad calls..we are human..i just hope he learns to trade the trend first and only use indicators as compliment
mesa134 1 year ago 2
the gaps in qqqq are mainly due to aaple. If you want a downturn, watch for apple to break lower. And since qqqq is the leading index right now, if it turns down, spy and dow should follow suit.
QuestionTheSystem 1 year ago
dude, you better make a gazillion dollars when this market turns down, you've been talking about this fake market rally for a while now...
QuestionTheSystem 1 year ago 17
I agree Gaps do matter.. And no it is not different this time. Options expire tomorrow. Max pain on SPY is 118. There is a time to buy the dip and now ain't it.
mistapikkles 1 year ago
So in other words, Jim Cramer is a lying piece of shit?
GanjaZombi2 1 year ago 2
@GanjaZombi2
no. cramer is a media puppet....wait....i guess that makes you right.
wizardofounce 1 year ago
dude you are shorting against your MPT score
3399cameroon 1 year ago 17
@3399cameroon And this is supposed to be "logical" ?
p2rossi 1 year ago
I was wondering, what causes a gap? Is it overnite buying/selling and pre-market orders executing at the open?
chuck3377 1 year ago
There was a time when there was probably a 97%+ chance the housing price would go up since that had been the case for all eternity. If the gaps are to be filled it won't be because that has 97% chance according to the charts but because the fundamentals dictate so.
crack2668 1 year ago
Yeah but were those historical gaps filled while the fed was juicing the market.
cunnidvd 1 year ago 2