biotrader wrote:G'morning Cobra! Buying opp this morning?
will have to wait for the open to see, after all, the gap is not small.
GM Cobra and all,
The market is moving just like you mentioned yesterday, hope the gap can be filled at the end of the day.
if gap gets filled today and we close in green or high of the day, well, it's very bullish for the next few days at least!
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I need help on this one. looks like Chinese sell usdollar buy international (ex-us) bonds.
ETF - 52 Week HighsMonday, Aug 15th, 2011
ETFs that have traded for a year that have matched or made a new 52-Week High during the current trading session.
Sym Name Last Change
BWX Barclays Intl Treasu 63.26 08/15/11
CYB Dreyfus Chinese Yuan 25.81 08/15/11
IGOV S&P Intl Treasury 110.02 08/15/11
VCIT Vg Intermediate-Term 82.61 08/15/11
I'm new to studying Wave Theory, but I'm thinking we just finished a Zig-Zag for wave (4)-V and so the gap fill and high above yesterday is likely to happen possibly through tomorrow then we get a deeper pullback. The pullback today was only 14.6% from last Tuesday's low and if we make higher high then a pullback to fill the lower gap, which held as support today, will work nicely as the next short target/dip buy.
Here a chart which looks somewhat bullish - but I'm still waiting. Today 8.30 am Futures came down to 1179 and that's the level where I want to go long.