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For now, Global ES made a higher low so not bad but the two shooting star like bars don't look good especially if there's a follow up bear bar next, then this rebound is weak therefore bears are not over yet. So let's wait and see.
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Dollar index, at least one more leg up is missing imo so current pullback is a buy for me
Then euro = sell if dollar hits 50f it is around 1.303 in euro (and downward sloping channel line)
SPX had a breakout from small triangle (blue line) so while the lower line (and previous low) is holding seems it's better long than short...anyway chop chop
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)
One more thing, if we breakdown maybe there is a HnS (note: I know not formed in uptrend) with 100% MM 1603 SPX and conservative MM (from right shoulder) 1620 same as a=c on my chart above...let's see what happens
ES
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)
BullBear52x wrote:/ES hourly here, bulls are having a hard time with mid BB area. with bearish MACD, don't count the bear out.
Paging KeiZai, is W3 possible on SPX?
Not sure about w3, more likely c I have targets around 1620, 1607 and very optimistic 1590 (SPX) if we breakdown here, if not choppy triangle is in cards
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)
Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.” http://seekingalpha.com/article/1465941 ... view&ifp=0
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
could be 3 push up here plus volume surge, biggest bar (3 bar ago), so might see pullback here first then we'll see.
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Tabby wrote:Cash Buyers in real estate could cause another meltdown in economy down the road. The numbers of these cash buyers have significantly increased.
I am not sure I understand. How could cash buyers cause a meltdown - it would seem that without leverage there is very little risk of a meltdown since these buyers can not experience a foreclosure.
Al_Dente wrote:Dougie Short charts the LUMBER problem (limit down yesterday; down 25% In The Past 70 Days)
“Lumber is not the ‘Holy Grail’ of stock market indicators, yet often times it has paid to respect it at the top and bottom of this 20-year channel and its message for the stock market.” http://seekingalpha.com/article/1465941 ... view&ifp=0
Does anyone what "Lumber" actually refers to? Are we talking the cost of something like X number of 2 x 4's or is it more complex? Just curious.