Cobra wrote:trend line resistance but generally the rebound should get stronger and stronger, so the mini target is marked on the chart, should be more than that but I still expect the rebound to fail eventually.
yoku wrote:the market is kinda lack of power.
my script,
1. dip from current-1325 level (off if go directly over 1326)
2. dip below 1320.5 (off if break day low)
3. back up to take 1326
yes i am drawing a rhs
so far so good
i think there is defense around current level, re 1318.5. we may see rebound.
The goal is not uniformity. It is understanding and idea exchange.
BullBear52x wrote:Expecting new intraday low, if we don't get it I will lighten up, stop out if trade over 132.85
Glad your back in. I held my shorts over from Mon. and added to them this morning and may hold for more dn on Wed. That will be the 4th day dn.Wait and see.
BullBear52x wrote:Expecting new intraday low, if we don't get it I will lighten up, stop out if trade over 132.85
Glad your back in. I held my shorts over from Mon. and added to them this morning and may hold for more dn on Wed. That will be the 4th day dn.Wait and see.
my post a few weeks ago was that this market is headed lower. I still believe the trend over the next month is lower. Intraday, there is money to be made filling gaps and playing the rebounds. That said, we are nowhere near a bottom yet.
yoku wrote:the market is kinda lack of power.
my script,
1. dip from current-1325 level (off if go directly over 1326)
2. dip below 1320.5 (off if break day low)
3. back up to take 1326
yes i am drawing a rhs
so far so good
i think there is defense around current level, re 1318.5. we may see rebound.
i think i can claim step 1 and 2 completed. well to be conservative, i will wait for another couple minutes since 1320.5-21.5 area was res for last pop.
once 2 completed, we will see if 3 plays out
The goal is not uniformity. It is understanding and idea exchange.
i'm afraid until real traders come back into the market near 3pm or so we are gonna chop.. currently in triangle consolidation. i am staying short and believe we will make a lower low today.
I am long, and if Dow closes today above 12475 then that will be really bullish for the markets,, hoping for a strong finish today. We should get a bounce atleast
i believe the bots are just playing with the neckline of the descending triangle .. cobra what is the measured move for the descending triangle on the 60 min?
mini rebound target almost reached, I think there should be some pullback here, then could be another rebound attempt before a little bit larger pullback.
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