BBFinance wrote:The crucial vote in Greek parliament is on 28th/29th and the Greek trade unions will do another round of protest. Till then I think it is a sell the bounce
Earning starts with AA on July 11 and we have 4th of july as holiday ahead of us. All add up with some fake heads up to 1300+ level.
They just need to extend this a little longer to earning with some fake analysts coming out and upgrading companies.
BTW, I was watching IBM and it was correlating with $SPX.
Last edited by Tabby on Thu Jun 23, 2011 3:56 pm, edited 1 time in total.
critical here, but no time now. no idea what's going on here.
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well, guess that's it for today, need dip more for what't the next, clueless now, seems bears are over. thank you guys, i'll see you tomorrow.
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Not an expert opinion but just from price actions and IWM, QQQ, and others outperforming and a close above critical level of 1280 is bullish I would say. GLTA trading this market cause we really need some
illinikap wrote:That last 30-60 minutes was ridiculous. Seems like window dressing and the usual ramp job by the algos
If it looks unnatural and it feels unnatural...it's probably unnatural.
Watch the dollar. As I said earlier, the dollar was used to bring down the markets. Tomorrow, when Europe is back open, watch what happens to U.S. stocks.
Cobra wrote:well, guess that's it for today, need dip more for what't the next, clueless now, seems bears are over. thank you guys, i'll see you tomorrow.
Well Cobra, the fun starts now. They have started selling the Euro back.
Hi, five guests out there. I just wanted to share my updates posted in Traders Talk just now, and in my blog too, maybe some of you will check back in here before Fri open and find this useful. http://www.traders-talk.com/mb2/index.p ... pic=131946
Consider this possibility, excuse me if this has already been proposed:
Intermediate 5 wave downtrend from May high at SPX 1370 to
wave 1 down (composed of 5 waves) to 1311 on 5/25 to
wave 2 up to 1345 on 6/1 to
wave 3 down to 1258 on 6/16 to
wave 4 up to 1299 on 6/22 to
wave 5 down to ???
I'll be working on some time and price projections over the weekend.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS