well, finally, double bottom or 2 legged up as I hoped. let's see if rebound could last until the close.
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2 bar reversal, I'm disappointed. only 5 min left...
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Cobra wrote:hmm, weak, I was a little bullish biased today, kept thinking of 2 legged rebound.
Do your indicators suggest further downside tomorrow?
strong sell off like today means lower low ahead. but since it's 3 MDD, so most like a rebound of some kind is close, maybe turnaround Tuesday after a sharp morning dip?
That sounds likely.
Based on the way the indicators are reading now, no big gap up tomorrow morning before the bell.
(Sarah Bloom Raskin speaks -- that will be an eye closer. And Bernanke. What more can he say he hasnt already?)
well, guess that's it for today, it looks like a breakdown then consolidation below the breakdown area therefore the big picture doesn't look good. thank you ladies and guys, I'll see you tomorrow.
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I expected 1050, but it looks like this doesnt even want to wait until friday.
Thanks cobra for your hard work.
Cobra wrote:well, guess that's it for today, it looks like a breakdown then consolidation below the breakdown area therefore the big picture doesn't look good. thank you ladies and guys, I'll see you tomorrow.