no good, key time, must hold here, otherwise it'd be a Double Top.
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Not unless the Fed do some sort of crazy with intervention...watch they're going to lit the fuse...
Cobra wrote:trend line resistance. break above it is the 1st sign of a meaningful rebound is about to come, the market will still need to test the morning low sometimes later, not necessarily today though.
Whenever market is down large # of days a rally is always sold into the next day. The optimal bottom to get long may very well be the retest.
Any rally off weakness rest of today is a trader's play. Buying a secondary or third restest low next week is the swing long.
What they are preparing for is the biggest mass default in history. There's no orderly way of doing this. European finance and trade is too far integrated to allow for an easy unwinding of contracts. It's going to be anarchy.
We have a sell cross in the daily but in the same time we are at last support area with $NAMO beloow 60 level. So, I will be flat for swing trading account until things be more clear becuase both signals are strong and reliable .... does that mean I can't trade ? no ... because we have VIX above 30 and that makes the day trading a good choice at least for me ..
Not convinced at all about this green day; SPY stuck in the 117-117.50$ range again as it was Friday. How long before this support becomes resistance?
950 on the way.
UEMPEL: I knew u were a judy kind of guy, especially early judy, ‘cause u love genius. As u know, that “Have Yourself a Merry Little Xmas” was from the movie “Meet Me in St. Louis” directed by one Vincente Minelli who personally shot that whole song, was MADLY in love w her, and later married her. You can see the love oooozing out of each frame.
Here’s another judy just 4 u: http://www.youtube.com/watch?v=KbkrzJjoC5Y
PS: Thanks for amy… Today is supposed to be HOLIDAY SONGS.… got anything local festive holiday-ish?
Also, intraday update http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592
PS: banks are trying to roll over (strong this morn), ZSL is breaking out, and WTF transports
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
MrMiyagi wrote:Not convinced at all about this green day; SPY stuck in the 117-117.50$ range again as it was Friday. How long before this support becomes resistance?
950 on the way.
Mr. Myagi,
Do you own TZA even though is outside the BB? Or are you holding TNA for an upside run?
Thanks
Dow Trader wrote:Because it is friday, I will show my weekly chart ...
If you follow my charts, you will know that I am a cloud fan ...
I do not understand if you are trying to advertise your site, are you? What is this chart about?
I am showing in this chart what I think about the weekly cycle and I highlited the impotant of the cloud in this chart, if you don't like my charts, just let me know because I don't want to post something that is not useful for the forum or post anything unwanted here.
regarding my site, I don't prefer to talk about here