Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 2:07 pm
lunch time, will be back, chart favors bulls.
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Thank you...TraderGirl wrote:Sorry, been in and out today...I thought we might see a pullback on the Dow to around 13,200ish into Feb, then another push up into 14,000-14,200 into March...so with that possible scenario..maybe we see a pullback on the SOX, then another push up into 421 resistance? Could break out higher than that in March, as the fib extension price targets in the past reached between 61-78% fib extension, so that would take it to around $432, but it would be a fake-out breakout IMHO....Apple wrote:$Sox I think start of the longer trend down. If not, what do you think...we say hello to 429?TraderGirl wrote:1495 level seems important...was resistance on this long term channel, broke through...needs to break down below...
That could give us a higher high, lower high on MACD....
Yeap, short tern swing is a buy, mid to long term is last buy.KeiZai wrote:NG don´t want to give up this channel line, key time once again
If and only if, we don't get to 902.62. your (iv) won't overlap with (i). then 7-13 point drop following that to complete (4) as long a above 881.KeiZai wrote:I like the first one but (b) can be already done, not sureBullBear52x wrote:Thanks, got it.KeiZai wrote:Russell?
If by even means that market visited the open of the year during the year, than this has happened in all years since 1996ClarkW wrote:Anyone remember a stat from Bespoke that every year for 8+ years the market has came back to even at some point during the year? They posted it last year around March I think. We all remember May.... More long-term but thought about it...
looks like....3rd time's a charm rule?BullBear52x wrote:Yeap, short tern swing is a buy, mid to long term is last buy.KeiZai wrote:NG don´t want to give up this channel line, key time once again
KeiZai wrote:looks like....3rd time's a charm rule?BullBear52x wrote:Yeap, short tern swing is a buy, mid to long term is last buy.KeiZai wrote:NG don´t want to give up this channel line, key time once again
I don´t read this decline as 5waves I think it is clear 3waves, question I have is if the decline is part of bigger ABC or we are done and in wave 1...I am leaning slightly toward bigger correctionTabby wrote:If and only if, we don't get to 902.62. your (iv) won't overlap with (i). then 7-13 point drop following that to complete (4) as long a above 881.KeiZai wrote:I like the first one but (b) can be already done, not sureBullBear52x wrote:Thanks, got it.KeiZai wrote:Russell?
If we overlap then 894 from yesterday is the (4), I think.
I don't know how the end of month new money will play out this time, higher chance we bounce up from here in all indexes, that's why I am rely on my short term to guide me, because if they don't move up from here, something bad is about to happen. I open for both possibility and hope it happen soon one way or the other. too many beers already, nothing happenKeiZai wrote:I don´t read this decline as 5waves I think it is clear 3waves, question I have is if the decline was part of bigger ABC or we are done and in wave 1...I am leaning slightly toward bigger correctionTabby wrote:If and only if, we don't get to 902.62. your (iv) won't overlap with (i). then 7-13 point drop following that to complete (4) as long a above 881.KeiZai wrote:I like the first one but (b) can be already done, not sureBullBear52x wrote:Thanks, got it.KeiZai wrote:Russell?
If we overlap then 894 from yesterday is the (4), I think.