uempel
Posts: 8685 Joined: Tue Feb 15, 2011 6:38 am
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by uempel » Thu Aug 04, 2011 11:56 am
Cobra wrote: well, looks like no need to argue whether the H&S top is for real anymore, guess the 55% * text book target is almost reached today so it counts as a successful pattern.
Yeah, you were right about that. I had completely lost faith in SPX's H&S patterns.
shumushu
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by shumushu » Thu Aug 04, 2011 11:56 am
My god, 39:1 and 34.72:1 , feels liek 2008
agnosia
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by agnosia » Thu Aug 04, 2011 11:57 am
ok guys we almost reached the bottom of the wedge on the /es.. one more push down? wedge ends at 1210.
KENA
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by KENA » Thu Aug 04, 2011 11:58 am
I'm out,going to watch.We broke 11600 and thats not good..Util broke 419 thats not good.I think we are heading lower vix spiked up.lets see.
Dow Trader
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by Dow Trader » Thu Aug 04, 2011 12:01 pm
The big picture with basics
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KENA
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by KENA » Thu Aug 04, 2011 12:06 pm
The mkt broke the 38.2 fib.now wait and see.
99er
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by 99er » Thu Aug 04, 2011 12:07 pm
Cobra
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by Cobra » Thu Aug 04, 2011 12:08 pm
small trend line here. info only.
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shumushu
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by shumushu » Thu Aug 04, 2011 12:11 pm
I moved my stop to 1217.75
agnosia
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by agnosia » Thu Aug 04, 2011 12:17 pm
wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.
agnosia
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by agnosia » Thu Aug 04, 2011 12:19 pm
Cobra wrote: small trend line here. info only.
cobra, one more push down you think?
Cobra
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by Cobra » Thu Aug 04, 2011 12:23 pm
agnosia wrote: Cobra wrote: small trend line here. info only.
cobra, one more push down you think?
normally yes.
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Mr. T
Posts: 995 Joined: Tue Apr 12, 2011 12:50 pm
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by Mr. T » Thu Aug 04, 2011 12:26 pm
Cramer said last night: "The market rallied on oil going down below $93 - once it's below $90, we're going to rally!!!!"
Hate that POS Cramer.
-T
"Treat Your Mother Right!!!!"
Petsamo
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by Petsamo » Thu Aug 04, 2011 12:26 pm
I was able to scalp short, but I covered too quickly!
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99er
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by 99er » Thu Aug 04, 2011 12:31 pm
davros
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by davros » Thu Aug 04, 2011 12:34 pm
agnosia wrote: wow. second crash for silver this year ! war gap on crude at 87.35 down to 85.95.
still holding the trendline, just
shumushu
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by shumushu » Thu Aug 04, 2011 12:36 pm
sold 1226.25
Cobra
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by Cobra » Thu Aug 04, 2011 12:36 pm
very powerful rebound, but so far still looks like a bear flag. let's wait and see, I won't put too much faith on either bears or bulls.
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cc2265
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by cc2265 » Thu Aug 04, 2011 12:37 pm
Cobra wrote: small trend line here. info only.
It seems more down days ahead, right?
uempel
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by uempel » Thu Aug 04, 2011 12:43 pm
In this very long term chart the dotted blue trendline is showing support: