Wow, but I still don't see impulse down here, give me one or two hourly red bar, then I'm convinced, otherwise, this still looks like the market doesn't want to drop.
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Dow Trader wrote:shorted EUR at 1.3985 (swing trade) I will hold for target at least 100 points (sure I will not have the target today or even this week but who knows
Good, I was starring at USD/CHF and waiting for a reversal there - which did not come today. I missed out on USD/EUR.
I added LDK, WFR,JASO,TSL,SOL. All based on the impact of Japan's nuclear impact on the market long term, plus solar stocks are oversold, due for a bounce.
Wow, but I still don't see impulse down here, give me one or two hourly red bar, then I'm convinced, otherwise, this still looks like the market doesn't want to drop.
I see this is the 3rd attempt to reverse. The previous 2 double bottom were all failed.
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Wow, but I still don't see impulse down here, give me one or two hourly red bar, then I'm convinced, otherwise, this still looks like the market doesn't want to drop.
Wow, but I still don't see impulse down here, give me one or two hourly red bar, then I'm convinced, otherwise, this still looks like the market doesn't want to drop.
Cobra, I'm waiting for a signal at the close.
The good news for bears is this is perhaps the very first time, we have a failed reversal bar. All the previous reversal bar was very very bullish thereafter.
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This kind of consolidation is good for bears, chance a little bit higher for a breakdown.
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Dow 11860 cannot be easy broke like today's pattern, this kind of area usually Dow take a rest day or 2 at least then try a new wave. Sometimes it gives multiple false move but in general, it is a rest area for the market.