this kind of consolidation still is bullish, the only problem is 6 min to close now, so I don't know.
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heavenskrow wrote:first fib retracement level met. Next target 1348-1349
can i say i told u so
Congrats heavenskrow! What are your thoughts on tomorrow?
thx. absolutely no idea on tomorrow. We rallied into resistance on Nasdaq and Russels so we will have to see how the futures react to that.
Eur/Usd is still trying to hold onto that long term intra support line..... so if it can hold it, we can possibly see a bullish tape. vice versa if it breaks.
well, guess that's it for today. when we learn trading with trend, we try to not guess the V shape reversal as it's lower odds. well, it's not true anymore, whenever a gap down, you can almost guess a V shape reversal because people are now so used to that Fed can print money to lift this market so no one is afraid anymore. hopefully Fed can lift this market to SPX 3,000 so that we can all retire earlier. As for the next few days, I already said what NORMALLY should be like but guess this is not a NORMAL market, so we'll have to wait and see. Thank you guys, I'll see you tomorrow.
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heavenskrow wrote:first fib retracement level met. Next target 1348-1349
can i say i told u so
Congrats heavenskrow! What are your thoughts on tomorrow?
thx. absolutely no idea on tomorrow. We rallied into resistance on Nasdaq and Russels so we will have to see how the futures react to that.
Eur/Usd is still trying to hold onto that long term intra support line..... so if it can hold it, we can possibly see a bullish tape. vice versa if it breaks.
5 waves up from the lows are done and looks like complex wave 4 (bearflag) IMO
Thanks COBRA & BOARDIES !!
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)
Love your P-Bars Mr. Myagi. I'm curious - do you know of any good resources where I could read about P-Bars? I'm curious to learn more about the technical and trading dynamic of the how/what/where/why of them. Would love any nuggets of wisdom you could toss my direction. Thanks!
Love your P-Bars Mr. Myagi. I'm curious - do you know of any good resources where I could read about P-Bars? I'm curious to learn more about the technical and trading dynamic of the how/what/where/why of them. Would love any nuggets of wisdom you could toss my direction. Thanks!
No resources, just our collective thinking; more in your PM.
Last edited by xfradnex on Mon Jul 23, 2012 11:36 pm, edited 1 time in total.
Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
Apple moves up a little against QQQ over day. But nothing over week? Not very bullish, considering past reports.
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Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
Daily Elders. Maxed Red for world. Volume not up to match. Looks like no bounce. Risk off 3 of 5 indicators. UNG CCI down to 218 from 229, may be topped.
Attachments
Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.