Klarisskin wrote:Cobra, don't you think the law of inertia has been abolished? There should have been some follow through of Wednesday selling, There should have been be a lower close. Instead the market melted straight back up.
bears are not over yet. after an extremely low NYADV readings, there're some cases in the past the market rose 2 days in a row so the next Monday would be the key, another up day would mean there's never going to be a lower close, but now still early to say bears are dead.
Dearest Cobra: get some rest... It’s been a loooong week.
And in case u were wondering, I STILL LOVE YOU
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
JARBO
Cup loud and clear
My daily shows it turned down at 200ma resistance on 10/27 (so testing that again is your 1.40 number?)
Here’s my 15 min (almost) perfect uptrend channel, that is dying to correct downward (?) http://screencast.com/t/Ncr84BbXC
PS: don’t make me look it up... does cup handle “always” mean continue up or down??
PSS: remember, I only learned how to spell eur/usd last month…. so what am I talking about ?? (did u notice all the question marks in this one little post??)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:JARBO
Cup loud and clear
My daily shows it turned down at 200ma resistance on 10/27 (so testing that again is your 1.40 number?)
Here’s my 15 min (almost) perfect uptrend channel, that is dying to correct downward (?) http://screencast.com/t/Ncr84BbXC
PS: don’t make me look it up... does cup handle “always” mean continue up or down??
PSS: remember, I only learned how to spell eur/usd last month…. so what am I talking about ?? (did u notice all the question marks in this one little post??)
haha. C&H is a bullish pattern. the measured move i think is the measure from the bottom of the cup to the breakout level.
Cobra wrote:very typical Friday close: shooting high before the close and in AH, in anticipating some really good news in the weekend.
Cobra, I am a newbie. Can you tell me what "AH" means? Thanks.
Welcome aboard.
AH = after hour trading.
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jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
damn it me too. that's the same thing happened to the usd on 10/31 and the usd broke out big time.