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trader2012 wrote:Cobra, the rebound is powerful, and it is already Fib 61.8%, is it possible we don't have another leg down?
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Most of those recent pbars match up with closing prices from last night except the SSO. From watching these closely these particular pbars have a horrible track record. Leveraged pbars don't seem to be too accurate either for future moves. Besides that we've seen these pbars be pretty good indicators but these particular ones I don't trust. Would be suprised if we dip 200 points from here in the next 5 days (avg life of pbar)
uempel wrote:Time signal for tomorrow at the opening. If the results of Boeing and Sallie Mae are really bad SPX will shoot to the upside
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And this would be another move up?
ALdaytrade, my comment on Boeing and Sallie Mae was sarcastic. MCD and KO posted lousy results Tuesday and the market is up nearly 2 percent. Check this chart. If dashed blue line holds on Wednesday the move will be to the downside. I'm bearishly biased into Wednesday's opening.