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Gap up within yesterday's range, so chances are the gap will be filled.
Nothing to say on Global ES, other than the feeling is this rebound has legs, we'll see.
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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)
DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear
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PGM wrote:Cobra, do you have a link to your most detailed post about that 6.5% yearly decline since 2000?
Thanks.
Only one chart and I showed you in the last night report. That is all.
Not always 6.5% decline, it's 6.5% swing, i.e. could be either direction.
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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)
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.
Cobra wrote:DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear
I had to get up very early today: DAX bounced at support 6300 at about 3:30 am 6300 looks good, should hold for the next few days. Support further down is at 5900 (minus another 7 percent).
FYI: I started to play DAX a few weeks ago, I like the volatility. A real rollercoaster.
Short.
Letting profit run but stop lowered from yesterday's level.
Market is oversold and ripe for a bounce, which would close me out.
Plunges can occur from these conditions too, however.
So, we'll just have to see what Mr. Market brings.
it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.
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Cobra wrote:it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.
How HUGH would you guess? 136?
wait until 10am ET then I might give you a 60% chances target, could be 1345.75 for ES or 135.08 for SPY.
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BTW my long term target for silver was hit today (27) but I feel that after rebound there is more to come so not going LT long yet to target 3
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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)