Cobra wrote:a little resistance here but I think bulls got the chances.
target reached! now bear's turn, Cobra?
not yet, wait.
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not sure if we'd see pullback here but generally even indeed there's a pullback, I expect bulls to try one more time before any real pullback is possible.
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L_T wrote:OK guys help me out. If there was only one blog or site you could read regularly (besides Cobra's of course) which would it be? One of my "go to" sites called it quits at Christmas and I feel like I've lost a major source of information. Thanks in advance.
Thanks. The last one has lots of good info-graphics. I love that stuff.
heavenskrow wrote:S&P Barra Value Index as of yesterday...
sure looks like a massive H+S forming
Sorry for a dumb question: What does it impact S&P? I don't know this index. Thanks!
well because its mainly a part of the whole market...and the S&P could also be setting up the same pattern.
In fact if you take a look at the S&P neckline from march low to June low and then copy and paste that on the feb shoulder, you got the target for the right shoulder...and that was why I was able to go short from that date catching the whole move down. Now I am applying the same method to a lot of indicies....and its quite interesting how a lot of indicies are setting it up.
Hi and belated Christmas Blessings to all. Though I am out of FAZ and DUST for the day, here is my overall Gold (similar silver) take for now. No buy signal quite yet on MarketForcaster, Momentum downish, and 0.0% Fib retracement from Sept. high and Low, 1538 ish, not quite reached.
heavenskrow wrote:S&P Barra Value Index as of yesterday...
sure looks like a massive H+S forming
Sorry for a dumb question: What does it impact S&P? I don't know this index. Thanks!
well because its mainly a part of the whole market...and the S&P could also be setting up the same pattern.
In fact if you take a look at the S&P neckline from march low to June low and then copy and paste that on the feb shoulder, you got the target for the right shoulder...and that was why I was able to go short from that date catching the whole move down. Now I am applying the same method to a lot of indicies....and its quite interesting how a lot of indicies are setting it up.
Hk, do you post any of the above mentioned charts on your "donator" site?
so far goes as I expected, still likely bulls might try one more time, purely feelings...
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Bull looks D.O.A. could not get decent retrace all day,high dollar, 10 yr Italian bond Acution tomorrow,can we stop this accelerating car on a dime going downhill?
heavenskrow wrote:S&P Barra Value Index as of yesterday...
sure looks like a massive H+S forming
Sorry for a dumb question: What does it impact S&P? I don't know this index. Thanks!
well because its mainly a part of the whole market...and the S&P could also be setting up the same pattern.
In fact if you take a look at the S&P neckline from march low to June low and then copy and paste that on the feb shoulder, you got the target for the right shoulder...and that was why I was able to go short from that date catching the whole move down. Now I am applying the same method to a lot of indicies....and its quite interesting how a lot of indicies are setting it up.
Hk, do you post any of the above mentioned charts on your "donator" site?
The donator site is a lot more lengthy posts on trade setups.... for example we did a deep analysis on gold/silver before it took a huge beating, USD/JPY for a warning signal... etc. As per the massive H+S setup I was planning to do a lengthy post on that later, but on the basic site I will be putting up a post by EOY to show how some really good trades got setup in which that will be included.