Research, Charts, Levels, Patterns and Conditions displayed when they occur
The goal at NASDOG is to keep you informed on an array of issues I find interesting; accounting rules, month end shenanigans, banging the close tactics, quarter-end, high balls low balls, trend-lines and targets that will educate from what I have learned in my thirty plus years in the pits and now off the floor in cyber space maybe for you.
This is not a site where we sell you in-house products with markups that turn out to be ill liquid during flash crashes but PLAIN VANILLA PRODUCTS that move a lot.
This is not a site where you hear feel good scenario’s that keep you in markets as they roll against you, much to the contrary, the goal is to talk markets and events that prepare you before such events. I run extremely fast on loser trades. I have to, it’s the only way. It helps you and you must stay fresh.
That is the power of the Olive Line.
What’s the worth in a market that went down over 50%? Is that proof? If not then spend some time if your attention span is greater than 10 minutes and investigate if this system might be something you could use on your desktop or in your HFT algo because this is the algo that market players play to.
To appreciate what you can have access to check out the confidence during the crude oil crash that I called a unbeknownst crash as soon as it went under $70. $55 was a thin olive support of which we hit and bounced 5% in a day or two. Then I cautioned even if bullish you must have a sell stop under $53.80 as we approached the thin olive support too many times and warned of much lower prices. Why? I only had one more buy number underneath.
The granddaddy of this system which I call the Olive Line. I gave blaring warning as we approached 50, 49, 48, 46, 45 I still said wait. $43.60 ish was low from $100 as I posed buying anything under $44 especially for non-interested parties. I suggest reading some of the 7 signals across the financial landscape since Summer 2014.
It serves no one to fill this space with goobly gook everyday just for the sake of talking. I also do not put out a lot of levels. These are long term and they serve teaching the ways I see the patterns (maybe for you sharpies) form in just about everything. I see olives everywhere, in every time duration from monthlies to very short term day trading patterns, all the same pattern. Do you see the same? I have posted a one minute in S&P’s but with my rules devised over 30 years. If it is wrong, you get out immediately.
Trade the Physical Commodities or stocks, not fee ridden ETF’s etc. Gold coins I have mused about late 2014 before premium blew back up.
