I would not like to see here more ping pong (DAX chart) but It does not look so atm
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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)
still consolidation here is not good for bulls, because consolidation usually means continuation.
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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)
Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!
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Gap down along yesterday's low so I'm not sure if the gap will be filled.
The Global ES looks like a Bearish Rising Wedge, so not good looking, especially the popup to make a new high attempt failed overnight (red cycle), since you Earth people failed twice on the upside now you guys shall try on the downside. Let's see. The bottom line, so far the rebound is mostly overlapping so very unlikely it's something to bring us to Galaxy far far away.
Cobra, I noticed that you have stopped posting (in the morning) the obligatory DAX chart with H&S neckline. Any reason?
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
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Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!
If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!
Gap down along yesterday's low so I'm not sure if the gap will be filled.
The Global ES looks like a Bearish Rising Wedge, so not good looking, especially the popup to make a new high attempt failed overnight (red cycle), since you Earth people failed twice on the upside now you guys shall try on the downside. Let's see. The bottom line, so far the rebound is mostly overlapping so very unlikely it's something to bring us to Galaxy far far away.
Cobra, I noticed that you have stopped posting (in the morning) the obligatory DAX chart with H&S neckline. Any reason?
No change, still hang below H&S Top neckline so nothing to say.
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uempel wrote:For those who trade DAX, very tricky now...
DAX.png
IT IS THE TURD THAT WON"T FLUSH !!!
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
For those of you who don't understand why some guys trade DAX - it's supervolatile. From yesterday's close to today's low (so far) DAX has moved about 3 percent, SPX less than 2 percent. DAX is like driving a Lamborghini along the costal road in southern France
Note that yesterday the weak stocks continued to decrease and the strong stocks increased.The red and green lines just touched.Untill they cross bears in control.Today the red and blue lines will part giving bears more control.(Chart by stocktiming)
KENA wrote:Note that yesterday the weak stocks continued to decrease and the strong stocks increased.The red and green lines just touched.Untill they cross bears in control.Today the red and blue lines will part giving bears more control.(Chart by stocktiming)
Just got in, saw some posts about the Euro bank recap rumor. The reason Euro stocks retreated is Germany quashed that rumor 90 minutes after it started.
"Government spokesman Steffen Seibert said at a regular press conference here that the German rejection of the idea of any direct recapitalisation of banks by the ESM "is well known."