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A rose by any other NAAIM...
May the force be with us

:eek:

you didn't just draw a longer term down trending channel did you? :worried::blink:

I'm thinking there is a strong possibility you are correct. we will see on Monday/Tuesday.

fingers crossed. but, I don't think we'll see much till beginning of next week. too many reports coming out through Friday this week.

got my fingers crossed too. but, you are right - the market does, what the market does.

hate to kick out just yet; but, i'm looking for an exit too. best wishes DB.

and we're over due for it too. but, while market seems to be softening, it is still biased up. I think a little more to go until after first week of April?

just saw the other posts... as they say, "dollar late..."

Does that mean you're buying lunch? LOL

bad time to be a chocoholic like myself :yumyum::ugh:

:poke:

:eek::sigh1:

:beerchug:

seasonally, there is a dip last week of March before moving higher into April. according to the Stock Trader's Almanac, the DOW (S-Fund) the last trading day of March has been down 21 of last 33...

this market just seems to keep on climbing with no rest. WOW!

BTW: Thank you coolhand for the NAAIM info and commentary. much appreciated!

may i ask what is the basis for your strategy? mostly wondering how you project out so far; but, also just interested in general.

clicking the "like this post" button is kind of ironic. do we have a "this is scary" button? :blink:

I agree coolhand. room to go. but, i'm thinking it also looking like a melt up situation; which means it could reverse quickly. keep the powder dry.

Very interesting observation JTH! I would have thought the market would be cautious before and during the meeting days. thank you.

Bquat, never really noticed this before; but I see you use TradingView alot. do you like that better than Stockcharts? if so, why?

man that is so close to the line... edge of your seat stuff here.

I appreciate the great input and wise advice. While some follow it as a trading strategy with some success; I agree, seasonality is more of a secondary indicator of possible trend. And yes, any...

never mind. answered my own question by looking more closely - like I should have in the first place ;-)

is this a daily chart or did you change to an hourly?