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Gap up within yesterday's range, so the gap might be filled.
I don't know what pattern is on the global ES chart, the bias is up though, kind like bull flag breakout on the upside. The next to watch is whether it's able to break the blue line above. My favorite pattern would be consolidation below the blue line for awhile before the breakout forming an Ascending Triangle. Well, let's see.
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I'm followingin your hourly AAPL trade. Looks like it's opening modestly higher but I expect your overbought signal to come into play shortly. May follow you in if price rolls over enough (short term intra-day only). Good luck.
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I'm followingin your hourly AAPL trade. Looks like it's opening modestly higher but I expect your overbought signal to come into play shortly. May follow you in if price rolls over enough (short term intra-day only). Good luck.
BTW, I looking for hourly rsi to reach 82-85 levels using rsi-14 settings, and waiting for possibly the 463-465 50DMA region. Good luck. 5min chart candlesticks will reveal the tape
This daily system does not suggest to open shorts on SPX. Maybe soon, but so far no signal Note that a system using 60min or 5min might show different results.
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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)
KeiZai wrote:Morning everyone...Coffee for clark, so 125 should be next stop...
Thx homey
Interesting chatter on coffee: [best to read later as it won’t move the etf JO]
Farmer makes only $1.30 a pound on coffee that retails in the United States for $12 a pound.
“…growers of commodity crops like coffee and cocoa often live in poverty.”
So, this farmer started selling his beans on Facebook to friends in the United States, and opened a local coffee shop in Costa Rica, and sold his coffee to tourists. He is now at the forefront of the “farm-to-table business model” wherein farmers can “participate in the added value as coffee moves downstream to the consumer.” http://www.nytimes.com/2013/03/17/busin ... h_20130317
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
KeiZai wrote:Morning everyone...Coffee for clark, so 125 should be next stop...
Thx homey
Interesting chatter on coffee: [best to read later as it won’t move the etf JO]
Farmer makes only $1.30 a pound on coffee that retails in the United States for $12 a pound.
“…growers of commodity crops like coffee and cocoa often live in poverty.”
So, this farmer started selling his beans on Facebook to friends in the United States, and opened a local coffee shop in Costa Rica, and sold his coffee to tourists. He is now at the forefront of the “farm-to-table business model” wherein farmers can “participate in the added value as coffee moves downstream to the consumer.” http://www.nytimes.com/2013/03/17/busin ... h_20130317
That is the new economy. Want something? go to the global marketplace. Need to sell something? Same thing. Watch Amazon, they are at the forefront of this model.