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Lower red line is the neckline of the large inverted head and shoulders. Might be a normal retest and bounce, if it bounces. If not, I'm running out of lines.
In the time since I've taken this shot it's gone as low as the support line right below. Moving up from there ever so slightly.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Super speculation on my part; This looks like the makings of a "Bull Pullback" or "Bull Flag". This would lend itself to the idea of a Santa Rally after a small pullback.
Sorry about my ugly chart. Just wanted to throw this idea out there.
Out of Bounds wrote:Want to buy. Waiting, waiting....... Somebody give me a green light. Al?
ummmmm
NOT long
I gotta follow the trend boss
I would put on my sqz goggles….not now….maybe soon……..but I am gone for the rest of day….
GL2u http://www.youtube.com/watch?v=y25stK5ymlA
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Out of Bounds wrote:Want to buy. Waiting, waiting....... Somebody give me a green light. Al?
ummmmm
NOT long
I gotta follow the trend boss
I would put on my sqz goggles….not now….maybe soon……..but I am gone for the rest of day….
GL2u http://www.youtube.com/watch?v=y25stK5ymlA
nothing to say, need see how the first rebound goes before making the next call.
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