Cobra wrote:breakdown then consolidate below the breakdown point, no good.
good morning cobra,
that's no good for the bulls right we are headed more down ? the third leg of selling?
Bearish Engulfing on SPY daily if we close right here, but interestingly statistically it's not bearish. More like a bounce tomorrow, then more dip then bottom in then up kind of pattern: http://cobrasmarketview.blogspot.com/20 ... arish.html
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Something to watch, the SPX has been pushing the 10 mo MA of 1288.If the mkt breaks below this with some force the mkt could go dn more.This debt deal is a distraction and the mkt may have its own direction.Wait and see.
BullBear52x wrote:One thing amazed me in trading is that people love to counter trade so much, I try to rid that mentality but it is hard some times.
That depends on your trading model. counter trade is meant to go in and out quick with risk control. it's definitely not for everyone, but it can be good if speculation is one of your trading tools.
5 min chart may be hard to say if today's low was in. the bigger picture is clear, the selling is not over yet. the rebound if any from here most likely is just to from a bear flag.
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soku wrote:
no such tick BLWD. i will have BWLD for lunch.
there is one 3-4 miles away. i will do a field test and report back. ciao
me back. i don't like it. the wings are not as good as i expected. i have tried a lot of really good papa-mama places in upper state. this place aint no comparable.
market iss bounding. i see low 1280s as next stop
The goal is not uniformity. It is understanding and idea exchange.
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