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uempel wrote:Should this be a bearish formation (I doubt it) the red line is my sell sign...
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you draw a red line
BB52, not sure if it's a bearish rising channel or a wedge, but it is bearish unless SPX zooms up in the next hour or two
As to the red line: Obama really put himself into a weak position by saying that. There would have been so many other ways to threaten Assad
TraderGirl wrote:Does anyone know about the Fed releasing minutes today at 2pm?
It's Fed's Beige Book day, not minutes day. I've decided not the trade Minutes days, (unless I go crazy, of course.) Beige book days shouldn't be as wacko. Famous last words. Todd Harrison always says, on Minutes days, that the first move is the false move (beginning at 2pm - or slightly before - depending on how well connected you are.)
Last edited by rhight on Wed Sep 04, 2013 1:14 pm, edited 1 time in total.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
We may touch the snake’s blue line 20ma for the first time today, but no red Elder yet…
Bulls need a good squeeze here to take out all the stops, but they may not get it…..even XIV is flat……
Everyone is waiting for the “Beige Book” release …the “Evelyn Wood” traders may awaken………..
In the meantime: paint drying
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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