We have to make a new high on the SPY first. We could plan to be evil. GLTA jimme
see my blog, I play LH at this juncture. until the top wedge is broken out again, this is time to be fearful when everyone is greedy.
I went there and nobody was home. Is it a live thing? this market is really weird right in here. Dollar solid red bars and the SPY is just sitting there. Carry on and thanks. jimme
bears need show strength because the up leg was just one legged, but the pullback is already 2 small legged, apparently weaker.
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soku wrote:anybody follow gas? http://www.zerohedge.com/news/brent-euros-all-time-high
zh reported oil price in eur surpass 2008 peak. in summer of 2008, oil was 146 here, but 106 now. uga the gas fund is actually pretty weak. anybody wants to give a reconciliation here?
Soku, this article was just written in the past day. It's great weekend reading (it has references; click on the blue words). Some games are being played
in the crude oil field.
TraderGirl wrote:Anyone have any EW counts?? We could have finished wave c???
Low risk trade here as this can't make a new high and be right. But if it is correct we will drop sharply. I have NO COUNT but this, which is rare. So possibly even the machines can't stop it? Yeah....right...put the bottle down!
SPX: somehow THEY always know where to buy in order to prolong the never ending rising wedge, just look at the hammer candlestick that is forming off the trend line support !!!!!!
Allright no problem SPX is on a mission to achieve eod print above the May high, the question is will THEY be able to levitate SPX higher into month end (next Wednesday)?????
Well I guess that when bears only get corrective pullbacks, at the end, dip buyers come in and buy with both hands.
So the reasonable path is still higher (against today´s lod) and the potential target is above the MAy´s high = 1370.58
TraderGirl wrote:Anyone have any EW counts?? We could have finished wave c???
Low risk trade here as this can't make a new high and be right. But if it is correct we will drop sharply. I have NO COUNT but this, which is rare. So possibly even the machines can't stop it? Yeah....right...put the bottle down!
Thank you for the alternative view but I don't think it's a FLAT B correction. Because FLAT B is a 335 but looking at it closely, we got 535 so therefore we can eliminate the FLAT B.