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Gap down along yesterday's low so I'm not sure if the gap will be filled.
The Global ES looks like a Bearish Rising Wedge, so not good looking, especially the popup to make a new high attempt failed overnight (red cycle), since you Earth people failed twice on the upside now you guys shall try on the downside. Let's see. The bottom line, so far the rebound is mostly overlapping so very unlikely it's something to bring us to Galaxy far far away.
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DAX: hello bear flag (they tried to stop falling with big hft spike but without success) maybe they have some better tricks for later today
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)
Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!
If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!
Gap down along yesterday's low so I'm not sure if the gap will be filled.
The Global ES looks like a Bearish Rising Wedge, so not good looking, especially the popup to make a new high attempt failed overnight (red cycle), since you Earth people failed twice on the upside now you guys shall try on the downside. Let's see. The bottom line, so far the rebound is mostly overlapping so very unlikely it's something to bring us to Galaxy far far away.
Looks like my gut yesterday could be right. Had to give it the chance to break resistance a few times yesterday though. Thanks for saving me some headaches, Cobra.
goofball messages coming out. just like last year - when just as the S&P hit the critical bearish threshold - a message would appear stating to save EUROPE
today - Euro Banking Union.. of course no concrete details...but it sounds great (big spikes from DAX, EURO, ES futures) but market appears to be smelling the bullshit for what it is... this thing is about to make a serious move ....south...
Petsamo wrote:The DAX spiked up for some reason, then retreated. I wonder what that was all about.
They stop it right on the cliff, with rumor about some kind of bank union or what, it was 1 second spike I saw it real-time
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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.
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.
DAX: hello bear flag (they tried to stop falling with big hft spike but without success) maybe they have some better tricks for later today
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DAX a model for SPY ? We break trendline, rebound to it (as earthlings often do) and continue with large move?
yeah they are tied together
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)
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)
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)
Checked on Bloomberg this morn and the CRB commodity index is now 276.82.To those that don't follow this index this is very bad news for the Mkt and the Econ.If this continues to fall the Fed (Big Ben ) will step in and do something like QE3.Then no more Bear Mkt for awhile and we we head for the big blue sky.So lets see.