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Gap up, along yesterday's high, so not sure if the gap will be filled or not.
The Global ES looks like a Bear Flag in the forming, so this rebound may fail eventually, no idea when though. I see fib confluences area at 1436 to 1437, maybe that's the rebound target?
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DAX looks like a consolidation day to me, so need wait. Generally consolidates along the double top neckline is not good, bulls need push up to leave the area asap.
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Keep an eye on dollar, possible H&S with target within a channel then I expect more strength in dollar
Last edited by KeiZai on Thu Sep 27, 2012 9:21 am, edited 1 time in total.
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)
Waiting for one last dip before i enter long with a TNA swing trade.
It will just be a relief rally of course.
Looking to hold it until the middle of next week when TZA comes to life
Thats the plan. Just waiting on my signal....
Good morning humans...seems to be a bit bearish sentiment, yet indexes are holding up well given the horrible data....here is NAZ future 6hr bars, I am liking the divergence in momentum vs Tuesday low..
looking out a few weeks , first half October very strong, plus election yr fall is bullish plus "powers that be" will do anything to retain power.....
ANYONE else see a big bull flag forming past 9 days?
here is ES futurs 4hr bars ...possibly rally today to squeeze, then weakness next few days into tuesday?
good luck to us humans today
1.28 will be tested sooner or later IMO, before correction or next leg up(less likely)
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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)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
The Econ news this morn was poor so the mkt is up,I guess that adds..To many shorts out there for the mkt to go dn must get rid of a few first. Lets see.
The Econ news this morn was poor so the mkt is up,I guess that adds..To many shorts out there for the mkt to go dn must get rid of a few first. Lets see.
quarter ending window dressing till end of the week?.. at least till the last hour of the week? ..would be a very nice symmetrical H&S... almost too pretty.
KENA wrote:The Econ news this morn was poor so the mkt is up,I guess that adds..To many shorts out there for the mkt to go dn must get rid of a few first. Lets see.
Agree Kena. Haven't seen any sentiment readings but seems like we've quickly went from "market can't go down" to "market must go down"
KENA wrote:The Econ news this morn was poor so the mkt is up,I guess that adds..To many shorts out there for the mkt to go dn must get rid of a few first. Lets see.
Agree Kena. Haven't seen any sentiment readings but seems like we've quickly went from "market can't go down" to "market must go down"
ClarkW wrote: seems like we've quickly went from "market can't go down" to "market must go down"
Can't & Must are two words that have to be responsible for more trader blow ups than all the cocaine fueled trades Wall St ever saw back in the late 19080's
Could we have a turn at 11 am eastern....?? uempel, you there? you got any signals....
MARKET PULSE Archives
Sept. 27, 2012, 9:54 a.m. EDT
Spain budget delayed to 5 p.m. CET in Madrid
Dollar weakens ahead of Spanish budget
MADRID (MarketWatch) -- Investors waiting for the Spanish 2013 budget announcement were kept cooling their heels on Thursday. A government spokesman said the press conference to announce budget will begin at 5 p.m. Central European Time (11 a.m. Eastern time) after a cabinet meeting. The budget was originally expected to be released around 2 p.m. local time. Spanish Prime Minister Mariano Rajoy is expected to announce the budget results after completion of the cabinet meeting.
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