I'm not much into the WAVES but as some have indicated if this is the " E " wave then we are going to go dn now if the high here cannot cannot be broken.With that said the next wave could be dn.Lets see
For what it's worth, I had a p-bar down to 126.5 on my 1 minute chart earlier today. I think we close the gap today or tomorrow. Sentiment is waaaaaay too positive. Especially given economic realities. Protect yourselves, friends. And Happy New Year to all.
A.
Last edited by Anaconda on Tue Jan 03, 2012 1:58 pm, edited 1 time in total.
Anaconda wrote:For what it's worth, I had a p-bar down to 126.5 on my 1 minute chart earlier today. I think we close the gap today or tomorrow. Sentiment is waaaaaay to positive. Especially given economic realities. Protect yourselves, friends. And Happy New Year to all.
A.
Last week there was a P Bar at 126.20 and 124.85 that still needs to be filled.
It would be real funny if this gap retraces all the way back.
Cobra wrote:I'm very disappointed. OR breakout failed again. It had over 80% winning rate before. Now let's see another OR breakout target here. VIX rising sharply.
BullBear52x wrote:FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!
QQQ is skiing with 99er’s Honey …Big time downhill… Only small moguls on the way to the gondola…
…here they will have some Cayenne Red Sauce on the German Bratwurst of the morning RAMPO!
The “standard” definition of TRIN is above 1 = bearish (money flowing into declining stocks),
and TRIN below 1 = bullish (money flowing into advancing stocks)
“1” is the dotted red line in this chart: http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
1). $DXY has a first daily red bar on the "%R-System" and shows a beginning of Stochastic Convergence.
However, it was firmly stopped at the Blue Support!
2). SPY has now a first support zone between 127.02 and 126.76
Al_Dente wrote:The “standard” definition of TRIN is above 1 = bearish (money flowing into declining stocks),
and TRIN below 1 = bullish (money flowing into advancing stocks)
“1” is the dotted red line in this chart: http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15
You mean volume right? not money flow.
so that said the lower the better right? .3 yes,?
My comments are for entertainment/educational purpose only. NOT a trade advice.