KENA wrote:COBRA..I got stuck making a comment..How do you delete when you don't want to post.
just refresh the browser, than every thing is gone.
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cougar wrote:
I partially agree, Agnosia...Nothing bullish either...Flat for me this weekend.
well that's part of the trick, give the appearance of being neutral price action. i am holding one long /cl from 87.15, looks like a mini inverted h&s on the 5min but will close by end of day. i want to be flat into the weekend as well but i believe we're headed higher .... will buy sunday night if confirmed.
Yes, Agnosia…There is no such a thing as complete neutrality, unless you are Swiss…
I have a slightly bullish view (for similar reasons) and I can take a new position any time…
indeed, a little bit larger pullback this time. I see very small double top here, hopefully it could be confirmed.
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Extension longs broke on both the SPX and the EUR/USD. In a measured move on the SPX and a larger extension on the EUR/USD now. That's the difference between rip-your-face-off strength and "normal" strength, that is if the measured moves hold of course. The EUR/USD is inside a valid short setup that has traded, but the SPX has broken its short setup. According to this technique, that projects a chop zone.
Last edited by HighRev on Fri Oct 21, 2011 3:45 pm, edited 3 times in total.
15 min chart doesn't look good, a little tweezer top here,
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jarbo456 wrote:two things i heard from a guy i know at UBS....just as an FYI and sharing knowledge...
chief tech guy there thinks funds are "barbelling risk" - keeping portfolios 50% high beta names, and 50% defensive
and that he's looking for a "positive outside month for october" - index trades wider than the high and low of the previous month, but ultimately closes at or near the high. this would be a very bullish setup for the coming months. apparently the last "positive outside month" was July of '09.
anyway looks like i may be stuck in some shorts over the weekend.
thanks jar
Demark said last nite, when they sqz out the last short, there’s yr top
Then Al said maybe the October anniversary next week can commence?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
here we have double top target. bears still need pray.
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