Small gap up within yesterday's range, so the gap will be filled. Besides, any gap after a Major Distribution day usually gets filled and the day more likely a small range day. The Global ES seems like a Bear Flag to me, so chances are it will breakdown eventually.
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oldpigwang wrote:Cobra Da: will YM night low 11770 be revisited today? which is -80 from current reading (+47).
not sure if today, but will.
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I would love to meet your honey some day ! You treat her soooo welll!! Taking her to the Alps, giving her a back rub, trips to Paris, etc. What a lucky girl !
FYI...YES the NYSEBP turned to dn trend so now expect the trend to continue for a few weeks maybe thru SEPT..Lets wait and see..The last trend change to up only lasted less then a month this was the first time the change to up was so short.A change in trend takes 6% so that is the important number.Anyway lets get in on this up move today but be prepared for a reversal in maybe 2-3 days. Wewill see.
trying to get out of my SSO longs I bought yesterday @ close and having a hard time trying to figure out at what SPX level I need to get out. My chart is confusinggg meee....too many trendlines and too many averages.....too much going on . haha!!!
Thanks.
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I would love to meet your honey some day ! You treat her soooo welll!! Taking her to the Alps, giving her a back rub, trips to Paris, etc. What a lucky girl !
i heard last night that rimm will be releasing the new bold in 2 weeks, this data came from a key employee in waterloo ontario. take it to the bank. thanks everyone especially cobra for all the hard work
Imo, after a major distribution day, the market the next day will continue its downtrend; possibly a lower low in the AM. Then, the stock market is followed by all kinds of choppiness with direction sideways to up. With the breadth at 1.79 today, We might test 1260 on the /ES if we drift up there.
nothing to say, usually the fastest rebound pattern would go like this, we'll see.
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