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Small gap down within yesterday's range so the gap might be filled.
The Global ES may miss one more push up to test the overnight high at least. Purely feelings, so not sure.
You may see a H&S Bottom, we're on the right shoulder, well, too early to say, we need see how rebound goes first.
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stucap wrote:hey cobra, do you see a double bottom on the ES? 5am EST and 840am EST @ 1377?
possibly, but it could also be 1-2-3 formation, so need wait for the breakout first. so although we can see lots of imaginary patterns on the chart but we need find a tradable one. The current imaginary pattern, either my H&S Bottom or Your Double Bottom or 1-2-3 formation are not tradable pattern yet.
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
stucap wrote:hey cobra, do you see a double bottom on the ES? 5am EST and 840am EST @ 1377?
possibly, but it could also be 1-2-3 formation, so need wait for the breakout first. so although we can see lots of imaginary patterns on the chart but we need find a tradable one. The current imaginary pattern, either my H&S Bottom or Your Double Bottom or 1-2-3 formation are not tradable pattern yet.
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yeah i win the rick trip. china reported lower than expected gdp.
they just don't understand chinese gov. they may have a very corrupted gov, but they take reputation seriously. it is extremely unlikely they lower target then immediately raise data to beat it.
possible bottom around 1374-1377 area. in general i am seeking to short pop today.
The goal is not uniformity. It is understanding and idea exchange.
I’m still pondering cobra’s gentle wisdom from yesterday:
“day swing”
not scalp
“day swing”
I like that
And it might just keep me out of the looney bin
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
What a woderful chart, isnt it? I have a P-bar to -223 seriously
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Spanish stock market index
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
feels like a continuation pattern, so the bias is down.
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Al_Dente wrote:I’m still pondering cobra’s gentle wisdom from yesterday:
“day swing”
not scalp
“day swing”
I like that
And it might just keep me out of the looney bin
Honestly Al, why looney bin? I thought you were a long-legged blonde who knows what she's doing
DW P&F chart..On this NYSEBP chart you need 3 O's or 3 X's For trend change..Note when the hi in X's is above 70 and falls below 70 the pull back is greater..Changing trends taks 3 boxes,3%. Note the yellow Mar/July 07..Cobra has been saying we will have a new hi..When we have a pull back below 70 the mkt tends to make a new all time hi.We could be setting up for this same formation.See April..The % change yesterday was only.27 very small for big day up..This indicates a weaker mkt.Hope this explains the chart somewhat.
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