- This topic has 28,383 replies, 54 voices, and was last updated 32 minutes ago by .
-
You have seen me post my charts with red and blue lines forming patterns. This is the Amazing Trader charting algo. Let me show you how it all began and then evolved in
Monedge – if we put aside my string of loonies and other popular characters (instruments) on the net that I found interesting and silly at the same time, NVIDIA is something of our thing…kind of J
Daily close seems Bullish to me ( and so far I guess you figured out that I follow everything strictly technical) . I avoid getting involved in stocks – too much fundamentals that can swing the other way in a second , but this is textbook example for another leg up situation….your approach with Buy stops above the market follows the suit 😀
We should talk a bit more on the issue of as you call them “meme buys” and try to save at least some of those fans out there – the new generation really need some education ….
NVIDIA 4h
US500 4 HOUR CHART – NOTE RED LINES
As US equity markets await Nividia results after the bell, take a look at this US500 chart. You will see a similar chart in NAS100.
What I mean is all you see are rising red Amazing Trader (AT) lines. What this means is until you start seeing lower blue AT lines off the high or some large spike down that takes out key supports, it is hard to suggest a top even though on this chart some may say the move up looks a little tired.
One thought is that when in unchartered waters, focus on key pivotal levels like 5300 as it will set the tone although 5200 and 5500 are more important.
- You must be logged in to reply to this topic.