oldpigwang wrote:Cobra: Time for spy to reversal? 15min STO topped now.
I don't see reversal yet. I just see a confused market, so let's wait.
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.
Me XMan wrote:Your chart showing bearish and you're bullish?
Cobra wrote:yes, I think so, the bigger picture is now a consolidation instead of rollover, so guess we'll have to wait after Dec 9 EU meeting.
No, I'm not bullish, no bearish, consolidation has 50% chance of either up or down. I just follow my rule that I don't front run.
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.
Close up of a 60 min long term shows resistance at 1258. But this is not necessarily a short, market wants to go higher. Next targets are up at 1272 and 1284...
jarbo456 wrote:well...i guess that's all she wrote for the bears today. first touch of the trend line above, and it looks like consolidation right before. i expect a lunch time blow through resistance here.
i guess 126.30 the next stop. maybe a visit to 125.50 after that...
and then another blow your top off up and down end of day.
that would pretty much characterize this week.
just to reiterate what i said.
Nice, maybe I should be paying you $10 a month too.
volume surge, biggest bar and EMA20, so hopefully a rebound here. I said normally it'd be 2 legged up and so far since Oct 2, all my day trade money were made on the short side, and hopefully I could finally made some money on the upside.
Attachments
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.
Scalper only, exited half TNA at 12:20 weakness, sold the rest a minute ago, could easily resume rally, but I don’t give it a chance to pullback much, not with juice
Internals soon
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I think the market is getting ready for another upside, like Cobra said, just consolidation here.
Europe will come up with solution this weekend, they not gonna let it fall apart just like that.
Will it hold and for how long, that remains to be seen.
Just another opinion, DYODD!
Last edited by mozart on Wed Dec 07, 2011 2:24 pm, edited 1 time in total.
Check dotted blue verticals for DT signals. Most of them are valid. Note that resistance up at 1260 is very strong today, daily ellipse shows that break comes tomorrow.
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.
mozart wrote:I think the market is getting ready for another upside, like Cobra said, just consolidation here.
Europe will come up with solution this weekend, they not gonna let it fall apart just like that.
Will it hold and for how long, that remains to be see.
Just another opinion, DYODD!
Ahh, you'll like the momentum chart CS sent out this morning