very typical Friday close: shooting high before the close and in AH, in anticipating some really good news in the weekend.
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well, guess that's it for today. I need ask my crystal ball before making my next guess. thank you guys, I'll see you the next Monday.
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hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
Tom Mcclellan - stating that he expects market to go up into end of year then sideways then up going into the election based upon Eurodollar futures. Futures ahead of S&P by year. found this http://www.cftc.gov/OCE/WEB/eurodollars.htm
Last edited by xfradnex on Fri Nov 11, 2011 5:18 pm, edited 1 time in total.
Flip that coin.
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My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
jar what timeframe chart u looking at?....1.4 is waaaaay up there
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra, don't you think the law of inertia has been abolished? There should have been some follow through of Wednesday selling, There should have been be a lower close. Instead the market melted straight back up.
jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
jar what timeframe chart u looking at?....1.4 is waaaaay up there
Klarisskin wrote:Cobra, don't you think the law of inertia has been abolished? There should have been some follow through of Wednesday selling, There should have been be a lower close. Instead the market melted straight back up.
bears are not over yet. after an extremely low NYADV readings, there're some cases in the past the market rose 2 days in a row so the next Monday would be the key, another up day would mean there's never going to be a lower close, but now still early to say bears are dead.
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jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
jar what timeframe chart u looking at?....1.4 is waaaaay up there
i'll post it now.
here is the 5 minute.
hourly.
and daily.
the daily is ugly.
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measured target would be a scary 1000 pip breakout above 1.41
measured target would be about 300 pips above the breakout handle around 1.3780
jarbo456 wrote:hope we get something to help the bears over the weekend.
i have to say i'm worried about the C&H that's forming on EUR/USD. if it does breakout, we could be seeing at least 1.4050/1.4100 - and that means another 30-40 S&P points.
jar what timeframe chart u looking at?....1.4 is waaaaay up there
it's backward, but you can see some clear cups on the 5 min and hourly for sure, and a ragged cup on the daily.