Cobra wrote:Critical, breakdown below here will be a small double top. Bull hope a little breakdown then sharply reversal, trapping bears to form a failed double top then the market can go much higher as bear has to run for cover, so critical point here.
wohl~
Not yet, at least not as strong as I expected. Wait. I'm a little disappointed in bulls here. Should be sharp breakout usually.
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Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
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If you don't understand the 3 push up, here's the 1 min chart. As a bull today, I really don't want it to fail here.
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Cobra wrote:Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
Can we say it's a ascending triangle? It looks like one now ...
Cobra wrote:Still a critical time, failed here would be 3 push up, therefore is bad for bulls. A sharp spike here will then form an overshot therefore some profit taking will follow, let's see.
Can we say it's a ascending triangle? It looks like one now ...
I'll say for now it's Rectangle, a continuation pattern.
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JustTrading wrote:Assuming we hold up towards the close, what are the chances for a gap fill early next week (s&p 1335-1340)?
That needs to be a very big up Monday.
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Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
Tough call for the last hour, but the consolidation above EMA20 should mean a breakout on the upside eventually?
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greenback wrote:Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
That should be really really huge in the last 10 minutes.
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this is a retracement wave in a downtrend, target should be up to ~132.70 on SPY around Tuesday and then turn lower to 127. This was already communicated by market makers a few weeks, which I was clear about. Remember, not only is the market manipulated, but most of the moves are communicated via the charts.
greenback wrote:Cobra, you once mentioned that if the market is up huge before the EOD, there is a good chance there would gap down the next day ... did I remember correctly?
That should be really really huge in the last 10 minutes.
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from official Lybia tv : Gadaffi's son will talk to the people and the world today (market really don't like this man).. they didn't mentioned the exact time (check oil,gold, and dow)..reminder, when this man talked last time was at weekly open ovenight when Dow was 13350 and oil in 80's.
Dow Trader wrote:from official Lybia tv : Gadaffi's son will talk to the people and the world today (market really don't like this man).. they didn't mentioned the exact time (check oil,gold, and dow)..reminder, when this man talked last time was at weekly open ovenight when Dow was 13350 and oil in 80's.
Hey Cobra
Is this an 'all up day' with gld, uso, spy, tlt and uup all green? And if so what are the implications? It's been awhile since the last one.
Uk