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GM we have a new ponzi template? Sell Europe Buy New York
GLTA my last toppish target for SPX met, if now top isnt in we are going a lot higher
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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Cobra, good analysis last night, congrats. As to 1370: tough P&F resistance. And something else: the bullish percentages were slightly negative yesterday, only BPCOMPQ green. No need to go long at the mom.
uempel wrote:Cobra, good analysis last night, congrats. As to 1370: tough P&F resistance. And something else: the bullish percentages were slightly negative yesterday, only BPCOMPQ green. No need to go long at the mom.
Thanks, I watch the BPI closely everyday (thanks to you). BPNDX is turning down, BPSPX is flat, waiting for it to turn down. It can go up but BPSPX is very close to the historically overbought level now, so even it turns up, how far it could go still is a question.
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Cobra far too blasse in your opening remarks - huge drama last night in global es - big attempt to move out of gap reach - but morning news brought it down and showing serious volatilty - big day I think
See my call on NG yesterday
Still room to short it in my opinion
gm Cobra.
ES; overnight rampup reversed. low held so far. BTD again
what do you think about AEX chart?
thanks.
Don't see anything wrong with AEX. It's not as strong as SPX or DAX so not good, but it's not a short. It's still a buy dip setup.
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I expect from high to low 2.5% pullback, so 1376 * 97.5% = 1341.6, at minimum.
The only question is where the pullback starts: 1376 or 1476?
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you can see it as fighting on the wedge resistance but overall, the chart pattern looks not bad for bulls, a breakout on the upside seems imminent...
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the bias is up, we shall see new high today, I guess.
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yes, new high. now it's a little overshot, so let's wait if any pullbacks or consolidation here, I'm not sure.
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