{"id":4273,"date":"2010-03-22T12:21:56","date_gmt":"2010-03-22T16:21:56","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=4273"},"modified":"2010-04-07T11:23:03","modified_gmt":"2010-04-07T15:23:03","slug":"points-of-inflection-tif","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/points-of-inflection-tif","title":{"rendered":"POINTS OF INFLECTION (TIF)"},"content":{"rendered":"

TIF<\/strong><\/a>, Tiffany & Company, offered opportunity on the Open. \u00a045.35 was the most important level. \u00a0Trades off of these points of inflection offer ridiculous risk\/reward opportunities.<\/p>\n

45.35 was the most important level. \u00a0After an initial upmove on the Open 45.05 held the bid. \u00a0And then TIF found 45.35 but could not hold a bid at this price. \u00a0Repeating white prints (hidden sellers in this case) at 45.35 scrolled across our prints, like a hive of bees swarming honey. \u00a0The intraday volume spiked. \u00a0No bid could hold 45.35. \u00a0And so TIF traded lower.<\/p>\n

Finally TIF held above 45.35 and 65 cents of a clean upmove followed.<\/p>\n

TIF reversed after a huge battle at 45.89. \u00a0Battle to the sellers. \u00a0TIF leaked all the way back down to where this all started around 45.11. \u00a0I was a bit confused whether this was a support play again from near 45 or we were headed for lower ground. \u00a0But I did not have to guess. \u00a0TIF above 45.35 signaled strength.<\/p>\n

And you can see from the chart TIF had a nice upmove to 45.60, pulled back to guess where? \u00a0Yep 45.35. \u00a0I wonder why that was? \u00a045.35 was the most important intraday level which we learned from watching the prints on the Open, with volume matching.<\/p>\n

A Buy into a pullback to 45.35 as a Trade2Hold would leave you long and $1.30 in the money. \u00a0All by using points of inflection.
\n
\n<\/a>\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TIF, Tiffany & Company, offered opportunity on the Open. \u00a045.35 was the most important level. \u00a0Trades off of these points of inflection offer ridiculous risk\/reward opportunities. 45.35 was the most important level. \u00a0After an initial upmove on the Open 45.05 held the bid. \u00a0And then TIF found 45.35 but could not hold a bid at this price. \u00a0Repeating white prints … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,10],"tags":[807,30,50,18,808],"class_list":["post-4273","post","type-post","status-publish","format-standard","hentry","category-intraday-levels","category-mike-bellafiore-bellas-blogs","tag-points-of-inflection","tag-prop-trading","tag-proprietary-trading","tag-smb-capital","tag-tif","no-post-thumbnail"],"yoast_head":"\nPOINTS OF INFLECTION (TIF) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/points-of-inflection-tif\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"POINTS OF INFLECTION (TIF) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"TIF, Tiffany & Company, offered opportunity on the Open. \u00a045.35 was the most important level. \u00a0Trades off of these points of inflection offer ridiculous risk\/reward opportunities. 45.35 was the most important level. \u00a0After an initial upmove on the Open 45.05 held the bid. \u00a0And then TIF found 45.35 but could not hold a bid at this price. \u00a0Repeating white prints ... 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