Nothing to say, still fighting the resistance. Close high of day would be very bullish.
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You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.
zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!
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Me XMan wrote:You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.
zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!
I heard that before don't fight the fed huh? we will park at 130.74 ish....see you all next week, thanks everyone for a great charts and thoughts.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Well, I guess that's it for today, the first try on resistance failed so we have to wait for the Monday for the story. Thank you guys, I'll see you the next Monday.
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It's like no-brainer when he announced the QE.
Now the market is not so sure QE3 coming.
If they want QE3 they will sell this market down hard make him do it.
It worked for QE2 before.
BullBear52x wrote:
Me XMan wrote:You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.
zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!
I heard that before don't fight the fed huh? we will park at 130.74 ish....see you all next week, thanks everyone for a great charts and thoughts.
Cobra wrote:Well, I guess that's it for today, the first try on resistance failed so we have to wait for the Monday for the story. Thank you guys, I'll see you the next Monday.