Financial is telling the whole world today they are not going down, so, if you trade what's in front of you the two red doted lines left charts are important to me up or down they're all in there.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Ok this is now looking like the big boiz got info earlier than everyone else again.
Bullish info for banks, precious metals and bad for euro.
Of course, we will only find out after the news is released.
Could be some ECB money printing news or something to that effect that may come out. That would make sense for rallying equities, precious metals, and a declining euro.
At around 11:20am today, the banks and precious metals exploded higher, on volume with no news.
That my friends is a sign that something is most definitely up.
Last edited by BullTart on Thu Jan 05, 2012 2:39 pm, edited 1 time in total.
This scamturd BKX is rising without a negative divergence on 1hour time frame. I am puzzled. I would still short it when it gets to the upper pitchfork.
1:30 PM Contrarian bulls will take no heart from the latest AAII Investor Survey showing bullish sentiment rising 8.3 points to 48.9% with bears sliding 13.7 points to 17.2%. The long term bullish average is 39%, bearish 30%
right now a bull return move over my yellow line, if you bears can't go long here, you don't want to short it until another break back down set up. right now bulls are laughing to the bank period. simple, it is what it is, I see a break out of ascending triangle in the work but will it succeed? that's remain to be seen. be nimble that what I have to tell myself, news are for dinner time entertainment only.
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My comments are for entertainment/educational purpose only. NOT a trade advice.