Mr. T wrote:Close at the high, and we'll gap above 1345 Tuesday........ that'll scare every bear out there....... well, except the smart ones who have time
gap up next Tuesday? Wow, certainly all bulls need are imaginations.
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btw Cobra, what was the reason why u wanted IE. praying the market to close HOD. Is this the purpose of a weekend report telling us about exhaustion bars? hahah Have a good weekend.
i think this rally is so stupid, that i shorted the e-mini S&P at the close.
hope to make 10 points when the market opens and wakes-up to the real world Tuesday morning.
if i'm wrong, i can afford to make a mistake once and awhile.
if this is not an exhaustion bar, then what is?
the market's goal is to distribute the wealth of many to as few hands as possible
This certainly is the right time, first of the month, the right place on the charts, bumping up underneath the broken trendline from march low which was support and might now be resistance, with the perfect shaped candlestick for the end of a rally.