SB73 wrote:Boy it sure is tempting to short here...the bulls look tired, but the bears seem disinterested. NFP red is a turn indicator right? Maybe so, but price is reflecting it yet.
Break below LOD and I will assume we get the gap fill. I can't see another black candle, this one will either be white or red.
lqiantobe wrote:Corba~ can you please take a look at DNDN chart, is it normal pull back and safe to hold for a while?
looks normal.
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Cobra wrote:hmm, DAX chart looks pretty good, should be more on the upside. This means no hurry to call SPX top here.
Cobra,
isnt DAX just catching up, before they all drop? DAx well below October high, where SPX broke it.
How about AEX?
thanks
AEX looks similar to SPX, so if indeed SPX is topped around here, AEX would follow.
I didn't mean DAX will up huge, it's catching up, I just mean the chart says it should be up more.
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CMT wrote:Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.
I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.
He does, but I've been stopped out on Minor 2 up twice now so I'll wait and stop front running for now as 3 down will have plenty to spare for a late entry!