Cobra wrote:Wow, this really is strong. Still a little pullback or consolidation before the breakout would be nice.
Maybe a Bullish Engulfing on SPY?
if no big change in the last 35 minutes, yes.
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nikman wrote:But the daily charts still look bearish and in a downtrending channel.
The fighting is not over yet. Let's see if the market could have any follow through tomorrow.
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If you are around, could please tell what happened to Kenny's blog? It is removed?????????
Yeah, strange, it's removed.
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COBRA.. Like I have been saying I cannot belive the Mkt. I am still Brarish. I will be going long on on VXX by the close. We still have not broke out of 1300. How much do you want to Bet.
Price action is bullish but money flow types of indicators I look at are neutral at best. Reason to be suspicious but perhaps this is one of those creeping bulls.
Some support here. I said a pullback or consolidation is good for bulls. Bears on the other hand, fights are not over yet because today could count as a bull day therefore according to n vs n, bears still have hope.
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Well, I guess that's it for day. The lesson we learnt today is: all bulls need are just one thing - imagination! Thank you guys, I'll see you tomorrow. No matter you're bull or bear, the fighting is not over yet. Quote what the terminator usually says: I WILL BE BACK
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The fear is gone...almost. The VIX is down near the lows for this downtrend since Feb. 22. If bears don't make a stand soon, market goes back to complacency.
Thanks, everyone. I'll BE BAAC. Look at Daily charts gave me a second look on Bullish snario, Not all that as everyone here think, well what did I know? stick to my hourly and min. seems to put food on the table regularly.
My comments are for entertainment/educational purpose only. NOT a trade advice.