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http://thepatternsite.com/dt.htmlsamw wrote:Good morning Cobra. What's the potential measured move for the descending triangle?
still a little tough call here, so 50 to 50 I'll say.AK84 wrote:Hi Cobra!
I hope you had a nice weekend! Any thoughts on AGQ (ultra silver etf ? ) I am looking to get into it today as it seems to have negated the bear flag. Buy point is 215 and it seems like it will open slightly higher than that . Gap fill to 232. Thoughts?
I see clear 3 push up on IBM. The ER better be very good to negate the pattern, otherwise we're doomed because reaction on IBM ER will predict the SPX direction in 8 weeks.agnosia wrote:morning cobra... still feel this is going to be one hell of a bear trap. IBM reports after the bell, maybe this will kick start the gap higher from this descending triangle. leaders are showing strength, appl made new highs, XLF positive rsi divergence... we shall see.
EUR update99er wrote:Okay, then where should we go?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_18.html
Anywhere but Switzerland.