Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
you don't read today's action as bearish, but you read the intermediate term chart bearish no? in terms of interpreting the three bearish reversal candlesticks, the higher CPCE, etc. etc.?
Today's CPC options showing people frontrunning the Europe summit. People loading up.. like they did Thanksgiving. Like they did debt ceiling.. Lottery ticket. For that reason market bid some today while macro was bearish. I do not think we can rally much because everyone frontrunning the "good news" friday. Trade carefully.
jarbo456 wrote:
Cobra wrote:
stucap wrote:
Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
you don't read today's action as bearish, but you read the intermediate term chart bearish no? in terms of interpreting the three bearish reversal candlesticks, the higher CPCE, etc. etc.?
Buckethead wrote:Today's CPC options showing people frontrunning the Europe summit. People loading up.. like they did Thanksgiving. Like they did debt ceiling.. Lottery ticket. For that reason market bid some today while macro was bearish. I do not think we can rally much because everyone frontrunning the "good news" friday. Trade carefully.
jarbo456 wrote:
Cobra wrote:
stucap wrote:
Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
you don't read today's action as bearish, but you read the intermediate term chart bearish no? in terms of interpreting the three bearish reversal candlesticks, the higher CPCE, etc. etc.?
soku wrote:it's boring recently. i do more readings now.
i have never heard of John Hussman until occasional observer mentioned him here. here is his econ report. it makes sense to me. http://www.hussmanfunds.com/wmc/wmc111205.htm
what do u do during downtime? can we share? can we build it like a community?
I'm writing a book about China, the oil trade and policy.
i have Cognitive Dissonance all the time. i don't think there is exchange on crude oil in china. you are not writing on financial market trading, but more on politics, is that right? r u chinese? i think u need to be chinese to understand policies and politics over there.
any spoilers? china is supporting sudan against un, supporting iran against us, etc?
The goal is not uniformity. It is understanding and idea exchange.
Amazing how twitter sentiment went from extreme bearish just over a week ago to now everyone calling for year end rally. Really, just fade the herd can't be this easy?
Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
you don't read today's action as bearish, but you read the intermediate term chart bearish no? in terms of interpreting the three bearish reversal candlesticks, the higher CPCE, etc. etc.?
Yes, on the daily chart, I think we'll see a pullback.
All I talk here are intraday only.
In the future, the www site is for member only, so there's no way I talk about short-term or intermediate-term here. All I talk would definitely be intraday only. The forecast ends on the closing bell. Otherwise it's not fair for the members.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
EURO is at its high for short interests.
Watch for shorts-covering if there are good news on Friday.
Buckethead wrote:Today's CPC options showing people frontrunning the Europe summit. People loading up.. like they did Thanksgiving. Like they did debt ceiling.. Lottery ticket. For that reason market bid some today while macro was bearish. I do not think we can rally much because everyone frontrunning the "good news" friday. Trade carefully.
Buckethead wrote:Today's CPC options showing people frontrunning the Europe summit. People loading up.. like they did Thanksgiving. Like they did debt ceiling.. Lottery ticket. For that reason market bid some today while macro was bearish. I do not think we can rally much because everyone frontrunning the "good news" friday. Trade carefully.
jarbo456 wrote:
Cobra wrote:
stucap wrote:
Cobra wrote:if you want to read as H&S top, sure. I just find H&S pattern has very high failure rate.
everything looks bearish, but the bulls refuse to look at the memo sitting on their desks.
my guess is we'll drop to 1245 in the last 10 minutes and gap up tomorrow. ha!
I don't read today's intraday action as bearish.
you don't read today's action as bearish, but you read the intermediate term chart bearish no? in terms of interpreting the three bearish reversal candlesticks, the higher CPCE, etc. etc.?
$VIX is bullish but I see big resistance at 29.5, I hope I get back before market close, it will be clear then what's for tomorrow.
My comments are for entertainment/educational purpose only. NOT a trade advice.