Pendulum pick Bearish WLKI've been needing to get a new pendulum pick for a bit here since MIRM & FND.
I do dowsing with a pendulum, and literally am letting my practice lead me with this idea. So I ask for something that's going to have an easy and quick move. I ask for all optionable, then let it pick which exchange. In this instance, it's NYSE.
147 pages of tickers and it says to go to page 140. Reduce down and get the stock ticker du jour, WLK.
Idk what it is, and as I've said before, I mostly don't care. I do not look at charts before this exercise, I just want to know the energy. In this case, it's very clearly down.
The suggestion is that it continues down. Then, I look at the chart... yeah, it's a clear downtrend.
There's an indication (twice) to sell rallies, which implies it can keep going up a bit. I'll be watching next Monday the 27th for a high, but it could also be that the number 27 is for price of 127.
I don't really think that's the case, but I'm being transparent about what can happen with this work.
I do get a little over a $2 move up as possible, so that $122 is another area to watch for resistance. If it's around there on Monday, that could be the swing high I'm looking for.
The date I get as an exit is July 15th. This doesn't mean it's actually legit, but I ask because wouldn't that be nice to know? So I may as well test it. I'm going to give this some time and watch for the reversal down. Then, I'll ask for the target.
