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Maybe it's a broadening top? The breakout could be on either side so basically no direction.
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News up then news down back to filling in the lower hollow on the volume profile. Pretty obvious a break of that big double bottom will send us back down.
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Al_Dente is locked out, cannot post. You guys can say anything bad to him now since he cannot fight back...
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
The supposed 15 billion a day in Cooperate buybacks and CTA funds is possibly keeping this market up given the dreadful news from Target and with Fed speakers being clear that they are not done.
JFR wrote:Wasn't it Al Dente who used to post a picture of an old pub, at the end of the trading day?
Can't log in? Well, then, have a drink. The market will still be here when you get in.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The live update forum (here) and the members only site are totally 2 different systems, so you'll need an id and password for each of them, aka login twice. Although the id and password can be the same but you still have to login twice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.