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Comments on: The First Trade… Stored energy. https://rd.johnlander.me/the-first-trade-stored-energy/ Futures Market Timing | chaRTroom | Technical Analysis | Instruction Tue, 03 Nov 2015 12:52:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rod David https://rd.johnlander.me/the-first-trade-stored-energy/#comment-314 Tue, 03 Nov 2015 12:52:44 +0000 http://www.roddavid.com/?p=14023#comment-314 In reply to Steve Marriott.

Not very clear, to be sure…

Opening above 2088 doesn’t mean that a morning rally will extend through yesterday’s high, instead of just holding its retest and reversing back down.

The latter case, reversing back down from a retest of yesterday’s high, could be the last opportunity to avoid extending to new highs.

The key is the context of the excerpt — which is the gap back to yesterday’s close being left outstanding, or not.

]]> By: Steve Marriott https://rd.johnlander.me/the-first-trade-stored-energy/#comment-313 Tue, 03 Nov 2015 12:29:06 +0000 http://www.roddavid.com/?p=14023#comment-313 Trying to discern what was intended with this statement: “Opening above 2088.00 could still reject an intraday recovery, but that would be the rally’s last opportunity to avoid new highs.”
1) Opening above 2088.00 could still reject an intraday recovery, but that would be [seller]’s last opportunity to avoid new highs.
or 2) Opening above 2088.00 could still reject an intraday recovery, but that would be the rally’s last opportunity to [achieve] new highs.

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