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all excellent points....stlwater wrote:Sure looks like a lot of bottoming candles in the hourly TF...
During an uptrend a pull back like this is a buying op..
The daily candle could turn out to be a hammer..
Volume today is the highest in 5 days.
Trade what you see, not what you hear.
Hammer Criteria:
1) The longer the lower shadow, the higher the potential of a reversal
occurring.
2) A gap down from the previous day's close sets up for a stronger reversal move
provided the day after the Hammer signal opens higher.
3) Large volume on the Hammer day increases the chances that a blow off day has
occurred.
Just a thought from the peanut gallery. Carry on.
Well now that the news is out the market can continue to go higher...jarbo456 wrote:i'm just thinking that if this was known a week or more ago, there was little to no affect in the market. is there yet another rumor/event that's being priced in right now that's keeping this market up?BullBear52x wrote:I know the France gov. know it's done deal when the Finance minister came out last week, saying that French will not work to please the rating agency, they will continue spending so long they can issue their bond.jarbo456 wrote:ok...i'm getting hits that it's official? france to lose triple A?
You read thousands of charts, you'll have the feeling. I might be wrong this time of course but I just don't read it as a top.lqiantobe wrote:Cobra wrote:it's consolidation, not top.lqiantobe wrote:lqiantobe wrote:Corba~ It's hard for me to tell top or consolidation then breakout(upside). E.g. YGE, can you tell is it near the top?
Corba~ Any comments on my questions?
How to tell?
that's probably why the european market sold off halfway through their market day yesterday...soku wrote:let's put rumor/news on side even tho i believe it is fact based on the reaction from all parties. i see a possible setup: short around 1289 and cover around 1279.
add: from zh
If I understand the process in Europe correctly, S&P has to provide 24 hour notice to the countries if they are going to change their ratings.
in other words, if it is for real, sp shd have already informed the french and very likely ecb.
Dr. Al, try to combine those to TRIN as a trend you will understand my thinking. I know you have deep understanding of these internals.Al_Dente wrote:Yeoooow look what happened to my NYDNV (straight, no ratio, big blue circle, note other incidents when that happened)BullBear52x wrote:Up/DN volume were so low it need to relief the pressure.($NYUPV)Cobra wrote:volume surge, biggest bar, so hopefully a pullback here. I still find very hard to believe the dip was bought again and we close strong again today.
while I was busy dickin’ around with Mariah
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
never fucking ending.Cobra wrote:look all the past 9 trading days. dip, bought, dip, bought, dip bought. I cannot imagine once again the dip was being bought.
bulls are grinding this just like the past couple of days but just feels like its;s going to roll over.....Petsamo wrote:Unless we drop, this is looking bullish, fellas.
What do you think the targets are for 1) c of IV and 2) II of 3?TWT wrote:SPX: This is not a major reversal set up. In my opinion price is either unfolding the wave (IV) of an ED or the wave (II) of (3) within the wave (C) off the Dec 19 low
Look at vix, this is bull trap set up, vix 1min should trade below 200ma already but no, smell some thingPetsamo wrote:Unless we drop, this is looking bullish, fellas.
99er wrote:ricster3
VIX http://99ercharts.blogspot.com/2012/01/vix_13.html
Bullish cross of MACD on the daily chart.
Cobra, are you talking about the market? ThanksCobra wrote:You read thousands of charts, you'll have the feeling. I might be wrong this time of course but I just don't read it as a top.lqiantobe wrote:Cobra wrote:it's consolidation, not top.lqiantobe wrote:lqiantobe wrote:Corba~ It's hard for me to tell top or consolidation then breakout(upside). E.g. YGE, can you tell is it near the top?
Corba~ Any comments on my questions?
How to tell?