Cobra wrote:not sure if this is kiss trend line good bye. this picture doesn't look bullish, I'll explain later if indeed rollover sometimes later. otherwise let's forget about any bearish chart pattern for awhile.
Technically, it looks like the 60 minute chart is setup for a second down leg early next week to test at a minimum this week's low. That is hard to predict with all these straight up and down without pause.
When I look at an hourly chart, drops are big red bars and the rises are slow and small. I assume the later is retail ( bag holders ) and the former is institutions dumping in one go ( beside gap down ).
Hi waverider,
I am only trading Crude (CL), gold (GC) and miniS&P (ES) as futures but no silver.
Here is the one I am using for GOLD (30 min chart), do not know if usefull for you....
(Reuters) - The euro zone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
(Reuters) - Already exasperated by a seemingly endless wave of pay cuts and tax hikes, Greeks watched the latest political drama unfolding in their capital with a mixture of despair and disbelief.
scott . put in 1000 reject.100 accept. 1000 reject last.
Last edited by xfradnex on Fri Nov 04, 2011 2:26 pm, edited 1 time in total.
Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
champix wrote:If you trade what you see, well you just sell CL (crude oil) when it breaks this bear flag (1 min chart) with target 92.45-92.70 zone.
But I do no know why, I am really not convinced the market is going down... we'll see
Things are turning bullish short term... bear flag is more an ascending channel.
I bought CL @ 94.01, 1st target high of the channel @ 94.60 then fib fan above @ 94.85... stop even (94.01)
Stoped @ 94.02 and short 94.01... this market is insane... target 93.15 !
I gonna manage to have my bucks at the end !!!!!!!!!!
Ok, stoped again at even... I give up ! not a market for me today ! Have a nice one all...
Berlusconi is widely believed to have already lost the numbers he needs to survive in parliament but he told reporters at a G20 summit in France: "We have a majority which I continue to believe is solid and so we will continue to govern."
Cobra wrote:not sure if this is kiss trend line good bye. this picture doesn't look bullish, I'll explain later if indeed rollover sometimes later. otherwise let's forget about any bearish chart pattern for awhile.
Technically, it looks like the 60 minute chart is setup for a second down leg early next week to test at a minimum this week's low. That is hard to predict with all these straight up and down without pause.
I could even see a lower low than this week low, then go to new highs later in the month.
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