Kind of an ending looking pattern on IYR so most likely a pullback in it, but the latest wave has the earmarks of an impulsive wave 3 so more than likely there's at least one wave higher in this instrument, I would expect it to possibly hit 62.50 (resistance) eventually. But in the very long-term picture, things look very bearish for this instrument.
Netrom wrote:Cobra, I see a possible head and shulder in spy, target around 132,3
well, that's possible.
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BullBear52x wrote:If bears can not tackle today, forget it. I am very disappoint in the bulls......... what? slow kill? get it over with already.
and now we got spam geez
I get spam everyday. if the board is growing, eventually, I need better board software. phpBB is just way too simple.
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Covered Dow (+20 Pts.) and still hold shorts in EUR
this stock market is waste of time when vix below 18 .. I will stay trade OIL and EUR until Dow wakes up from it's sleeping mood
ok, breakout as I said. here's 100% measured move target.
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Cobra wrote:ok, breakout as I said. here's 100% measured move target.
I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing?