uempel wrote:15 min chart shows a signal in the afternoon. SPX' action until then? I have no idea. Breakout to the upside in order to pull in bears? Or vice versa? My guess is a sideways move and then a liftoff. But it's a mere guess...
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Signal is at 13.45 pm or 14.00 pm...
Difficult to bet this one, but I'm with the bulls...
waverider wrote:Where are the boys? I think this is the lowest volume monday of the year...
Volume is totally gone. If Waddell and Reed executed a short here we would have a flash crash.
No vol means high cost for bear, Cobra mentioned.
Are you still short or did you cover. I am sitting this one out. If I am really disciplined I won't trade until January.
Last Friday, I sold all of my TZA positions.
Today, I reloaded them at lower price. This pig is in red whole day but FAZ has been green almost whole day.
KENA wrote:Here is something to chew on..Since Oct/Nov 2010 to now we have been buiding a H & S Pattern on the NYA Monthly chart.It is now just about complete.Thing to remember is long time building and if it breakes to the dn side it will be a long time going dn.If so, long live the Perma Bears. 2012 will be in trouble..Lets wait and see.Take note BB52x and others. Let me know what you think.
I am bearish into 2012, the retailer are scared, before the 1st their inventory ( with 50% off price tag) still stack up, but then again if Market down Obama is Bye bye one termer, so.... uncle Ben and Timmy will have to be working over time to ensure bears will have no easy days. I will be prepared and focus in shorter term trade and be extremely nimble in 2012 that's the plan so far. on NYA monthly? too far out for me to want to comment.
Last edited by BullBear52x on Tue Dec 27, 2011 3:11 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
waverider wrote:Where are the boys? I think this is the lowest volume monday of the year...
Volume is totally gone. If Waddell and Reed executed a short here we would have a flash crash.
No vol means high cost for bear, Cobra mentioned.
Are you still short or did you cover. I am sitting this one out. If I am really disciplined I won't trade until January.
Last Friday, I sold all of my TZA positions.
Today, I reloaded them at lower price. This pig is in red whole day but FAZ has been green almost whole day.
Small caps are getting toasted today. It almost looks like TZA went 5 minutes without a trade.
could be 3 push up here, so again, bulls must not fail here.
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forgot to say, TBT and AUDJPY and RSP are catching up, so bulls not bad despite the possible 3 push up pattern. Anyway, no failure allowed here.
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trend line support, but it's clear 3 push up now, so we might see 2 legged down here.
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Yes. this rebound is common in 3 push up pattern, if cannot make a higher high then the real pullback begins. A decisive higher high would invalidate the pattern.
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key time, bulls cannot fail here because if so, it's clear the failed last push up (4th push) as I said before. Watch the green line below.
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