the 3rd attempt for a rebound, should be a little strong this time and it should fail eventually. Dip buyers should wait at least until the trend line broken.
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Artyomzzz wrote:Cobra, where is your green line support coming from?
that's just the previous low. other people are watching the same line too and that's why it's a support.
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usually the bottom pattern should like this. we'll see.
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Given AAPL's tie up of all things tablet, maybe there will be some price spikes as suppliers fulfill other orders? Maybe that will translate into some bubbly pricing for said producers?
As always...thanks for this site Cobra, great stuff to check in on.
my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.
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too bad, nowadays, bear seems to have only 1 leg at the most. The chart below shows the max measured move target IF BREAKOUT. Chances are high for a breakout by the way.
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Cobra wrote:my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.
Two things I am looking for to buy, lower low 136.13 atleast to get RSI divergence, or trades higer than 136.71 before the bulls can have the ball back. so long it trade under 136.71 I am bearish bias, selling is out number buying per ticks/tickQ
My comments are for entertainment/educational purpose only. NOT a trade advice.
Cobra wrote:my guess this is the 2nd leg down. the 2nd leg doesn't have to be a lower low, could be rebound at anytime. let's see.
Two things I am looking for to buy, lower low 136.13 atleast to get RSI divergence, or trades higer than 136.71 before the bulls can have the ball back. so long it trade under 136.71 I am bearish bias, selling is out number buying per ticks/tickQ
I still think this is a multi-day retrace, so 2nd leg down could come later today into tomorrow.
whether this is a valid breakout, need see how this bar closes.
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