3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
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still further to go. I'll assume the red line above will be tested.
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well, too later. it breaks through. nowadays all bulls need are some imagination.
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some resistances here, but I think bears need pray here.
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Cobra wrote:still defending the previous low but I'm not optimistic about bulls here as the selling appears broad based. Close right here today, then chances are good that there'd be more pullback ahead. so bulls need a sharp rebound somewhere before the close.
I agree.
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ps:i come from CHINA so my english is poor,excuse me.
Cobra wrote:3 push down, so I believe this rebound has further to go (2 legged up). Nowadays simply bear cannot make a single WHOLE downtrend day.
To many dippers..Everyone was waiting for the 1340 area and when that hit dippers all jumped in. But a contrarian view would be for a reversal . Wait and see.
pullback from trend line, but I think the rebound isn't over yet and after the "not over" rebound there should be one more leg down (not today, may be a few days later).
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yoku wrote:my guess for a possible turning point is 1348.5 es.
my longs got stopped out. the market is kinda fishy at this moment.
not sure where it heads, but i am currently bearish biased (as always). it could be a last push to the 1346-48 zone then waterfall from there. not ready to short tho.
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