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The Global ES can be interpreted as either bullish or bearish. The key to watch is who makes the breakout first. So let's wait. My wild-est-est-est guess is bulls might stand a better chance.
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ocassional observer wrote:cobra, the oex p/c ratio yesterday exceeded 4. do you have any statistics on that?
Not much edge recently, a little little bit bearish biased.
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Petsamo wrote:Hang Seng, India, Germany, & France were all closed Tuesday, London is open. Today may be a boring day.
Hmm, thanks. I was wondering why DAX is not moving. Thought it was my data feed's problem.
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Interesting....did machines catch other machines short? The pattern of knocking it back into a channel has been a reliable one. from either side. Two numbers were released at 10 AM and they were in the upper range of estimates. News algos hit instantly:
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Last edited by SWalsh on Tue May 01, 2012 5:51 pm, edited 1 time in total.
Petsamo wrote:TraderGirl predicted a big move yesterday. She was unsure of the direction. What we have now qualifies as a big move IMO, even if it retraces.
inside day yesterday...confirming the breakout to the upside...this move should continue higher.