so far looks like a Bear Flag, but too early to call, so wait.
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Cobra wrote:open range. I said it's too stretched, so the rebound is expected. we might need wait until EMA20 catching up.
Cobra: what does "open range" mean ?
go to "getting started". at a Day Traders Lounge, you don't know OR, you should be punished.
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Cobra wrote:come on, there must be someone resign today to save the world as we've seen many times in the movie, right? we're all waiting...
cobra, you're too early man. we need to wait until 1:50pm for the "official announcement"...the bears will f' around at this level, maybe shape some sort of double bottom'ish pattern, and just when it looks like we might break down below 1241-1238, they'll be talk of maybe...sarkozy resigning and maybe Hank Paulson will decide to become a French citizen and run for PM.
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if you don't know L1 short was a sell stop below the bar low as indicated, then don't short. Use my L1/H1/L2/H2 as general direction guide. If you don't even know what L1 is, go check "Getting Started" in this forum. Again I said this forum, not the "Getting Started' in our main web site.
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“…Sometimes the curtains of his eyelids part, the pupils of his eyes dilate as images of past encounters enter, while through his limbs a tension strains in silence...” [Rainer Maria Rilke, Poet, from “Der Panther” (The Panther), 1907]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
key time. bulls need a H1 or you can say H2 to mark a possible double bottom here.
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