Anaconda wrote:If we end at or near this candlestick construction for the day, look out tomorrow, bears (and I'm one!). This is positioning us for a nice little upside boost, I think:
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Given that the markets function as markets, I guess we're all in the boat that the possible rebound this week and/or next week could be the last kiss goodbye, presenting a pretty good shorting opportunity. But... Jackson Hole Economic Symposium at the end of the month. Could we really be expecting QE3?
unbelievable, 2 bar reversal then another 2 bar reversal then another 2 bar reversal, now bears have the ball, need follow-through of course.
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as long as the green line hold, bulls no worry, let's see.
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fuddleduddle wrote:Given that the markets function as markets, I guess we're all in the boat that the possible rebound this week and/or next week could be the last kiss goodbye, presenting a pretty good shorting opportunity. But... Jackson Hole Economic Symposium at the end of the month. Could we really be expecting QE3?
fyi, the road map to jackson hole of last year. will history repeat itself? per my observation, history is not very creative
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green line broken, no good, as price overlapping means the rebound is corrective in nature, but still the rebound may not be over yet though.
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as i said the rebound wasn't over, the bad news though, it's the 3rd push up now, must show some renewed strength otherwise the rebound is about to over.
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I am taking long position on SSO nothing else for now. no short etf's either. if market crash tomorrow I'll totally be missing out, but I think my uncle will do something
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