soku wrote:kena, can i borrow your charts from this morning? i have already answered for you. if your answer is not the same, you need to provide written attest. make it at least 15 pages.
Yes you can have them ..been gone for a time,sorry foe late reply
ClarkW wrote:Still long ERX (not a recommendation). This move continues to mirror beginning of June. Appears to be fighting the 50% level right now. Will likely be out by the end of the day.
Almost 1/5 of ERX is XOM+CVX.
I didn't know that Unique, thanks! I'm completely out now, this market market makes me nervous and the 50sma on 60 min. is providing some resistance for XLE. Locking in 5.5% for 2 day holding so I can continue to play
We just got a preview of the EU summit from Merkel and Hollande at 1:15. Hollande said there has been progress on growth measures. Merkel said she see growth pact being approved at summit. That's it. Nada, zilch, zero.
I am out maybe too early but who knows....watch gold
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Can't say I know where we are headed from here...charts point down, astro's negative...but window dressing, EU summit??? who knows what could happen...
But if we head down from here, looks like we could be forming H&S...?? But that could be too easy...