Cobra wrote:although I give up looking for pullback but the bigger picture still remains the same, the rebound (although pick up in strength today) still is the weakest, so still think eventually it'll fail. I didn't change a single line of the chart below, I mean the rebound was expected, just I didn't think today is this strong.
Hi Cobra, to me the market looks still really as it can climb the proverbial "wall of worry"
time to go long....gosh maybe i should go back to not trading for another 5 months....why o why are you guys all shorting...i blaming you for it keep ramping up
agnosia wrote:i joined the bull party, fully leveraged to catch up to what i missed so far.. targeting /es 1204 gap...
that's asking a lot from the bulls today. lol
i'll be happy with a touch off 1200 by the end of the day. then again, what's with a couple hundred points at the end of the day? 43 minutes...plenty of time...hahah
yeah i always take off as we're going up so not banking on 1204 with everything. this market is nuts , either oversold or overbought - no in between. crazy.
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My potential short setup obviously did not come to fruition. I suppose Cobra would say that a higher high...not necessarily close is all but guaranteed.
Great work as always! Based on last night's report you estimated a topside of 1200 on this current rally? (evidenced by a dotted blue arrow) - Does that still hold true? I hope we are not going to the galaxy???
agnosia wrote:i joined the bull party, fully leveraged to catch up to what i missed so far.. targeting /es 1204 gap...
that's asking a lot from the bulls today. lol
i'll be happy with a touch off 1200 by the end of the day. then again, what's with a couple hundred points at the end of the day? 43 minutes...plenty of time...hahah
yeah i always take off as we're going up so not banking on 1204 with everything. this market is nuts , either oversold or overbought - no in between. crazy.
the worst part agnosia is that when it's overbought, it'll burn even higher, and when oversold, dump in further...way beyond what you'd normally be able to "endure" - at least recently it has.
Cobra wrote:breakout indeed. should be more on the upside, there's no limit...
There must have a limit.
Cobra should say the sky is the limit.
Sky is the limit then there's still a limit.
Cobra, Does this change your outlook on the big picture? Just a little bit ago a read that this push up is weak and you still think the 8/9 low will be revisited, now the market is going up with no limit? very confusing
no change, still pretty much what I planed. even eventually C = B, it already takes longer than B times, so still weak.
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The fact is that this news today with Greece is pure manipulation, of course they will say that Greece will stay in Eurozone, what else could they say. The fact is that Greece is allready bankrupt, Europe gave them 150 billions and it is not enough, the fact that sooner or later something will have to be solved, and the market will not accept that very nice
qtipped wrote:time to go long....gosh maybe i should go back to not trading for another 5 months....why o why are you guys all shorting...i blaming you for it keep ramping up
HAO is very oversold, so I bought me some. HAO is China small-cap.
Great work as always! Based on last night's report you estimated a topside of 1200 on this current rally? (evidenced by a dotted blue arrow) - Does that still hold true? I hope we are not going to the galaxy???
Your response would be apprecaited.
just posted, no change in forecast, everything goes as planned.
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agnosia wrote:
the worst part agnosia is that when it's overbought, it'll burn even higher, and when oversold, dump in further...way beyond what you'd normally be able to "endure" - at least recently it has.
yes i've noticed the change since summer trading. i think the pros are back
rola wrote:The fact is that this news today with Greece is pure manipulation, of course they will say that Greece will stay in Eurozone, what else could they say. The fact is that Greece is allready bankrupt, Europe gave them 150 billions and it is not enough, the fact that sooner or later something will have to be solved, and the market will not accept that very nice
so how does that explain the market going up madly!!