resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything.
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Tabby wrote:Cobra,
How come your pink line TLT and SPX going the same direction?
TLT doesn't matter anymore, pay attention to green line.
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Cobra wrote:resistance. I think this last bar could be an exhaustion bar. but we'll have to wait for tomorrow to see if I made it right or not. If I'm right, I'll sure let you guys know but if I'm wrong, I'll simply pretend that I didn't say anything.
still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.
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Cobra, thanks for the great forum. Unless it truly is different now, I can't help but expect a decent pullback imminently based on good old fashioned mean reversion. Specifically daily futures and a 10 ma. Can logic no longer matter?
Cobra wrote:still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.
I don't get it, we use dollars here, what risk? there's no value to it anyways
My comments are for entertainment/educational purpose only. NOT a trade advice.
well, I had power failure here, cannot see chart now. thank you guys, I'll see you tomorrow.
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Cobra wrote:still I think it's an exhaustion bar, so perhaps a little weakness tomorrow morning. the trend is clear up of course, so bet on the short side will be risky.
I don't get it, we use dollars here, what risk? there's no value to it anyways
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Just a question out of curiosity for u . Why do u always have ONLY downside targets on ur charts (except GLD and SLV) .....as long as I can remember ive seen downside bearish targets. are these long term coz if u traded what u saw then i wouldnt have those downside targets.
Not trying to be offensive....just trying to understand ur MO.