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On Global ES, bulls clearly are not out of woods yet, a potential H&S Top could be in the forming so really bulls cannot fail here, must be up and up and up to a DECISIVE NEW HIGH. Let's see.
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2 bearish reversal bar plus a Harami, still DAX daily doesn't look pretty.
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DAX chart...I can read it better than SPX and since they are going hand in hand its the same
Note: charts are from morning (night in US) so they are not updated, for now price action favours this plan
Bigger picture
GL all
Last edited by KeiZai on Thu May 03, 2012 9:28 am, edited 2 times in total.
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)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
the bias is a little bit on the downside because it had a 3 push up and a failed the 4th push, so now it's time for a little 2 legged pullback.
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no break down allowed, otherwise it could be double top.
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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)
break down, here comes my 2 legged down I called earlier. chart pattern is the most reliable way to call the market.
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