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went as planed. now let's see the blue arrow part which is the most difficult part.
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so far went as planed, but I'm not so sure about bears yet, need see more bars.
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Looks like /CL and /ES are about to move down together, next week they should move down and make it easier fro the bears trade until we hit the dip again.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Looks like we might see panic selling the last hour today that carries into next week. The market wants to drop but something is trying very hard to keep it from doing so but not for long. The weight is too much. Upside momentum is fading. Flash crash coming soon.
If you look at net selling volume ALONG WITH net advancesdeclines you see that although selling volume is strong (2x) it is in a selective number of issues.
Compare that to net AD [or DA in this view] issues (1.3x).
Bears need to be more broad based with net AD [DA] also 2x and more
(CAN CHANGE QUICKLY)
5min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:If you look at net selling volume ALONG WITH net advancesdeclines you see that although selling volume is strong (2x) it is in a selective number of issues.
Compare that to net AD [or DA in this view] issues (1.3x).
Bears need to be more broad based with net AD [DA] also 2x and more
(CAN CHANGE QUICKLY)
5min
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Selling is abroad boss. be careful.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
either low was in or it's a range. I don't see bears.
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Mr. B here.
No post today. Busy on other matters.
Back in office next week and will post around end of month.
Thinking about the Snapchat IPO.
Market probably holds it together until the jackyls get it off.
Then we'll see.. maybe a turn.. maybe a mania.