The Intraday US Stock Market Discussion Board
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cheech wrote:Strange resistance line here. Not sure what that is.
That helps.Cobra wrote:still think it's a Pennant or flag. cannot you check the chart in my public chart list? It's there at 4.8.8lilitulip wrote:GM Cobra, do you see SLV still in retangular or it broke out? thank you
ocassional observer wrote:bernaneke is working hard to keep inflation high in order to make sure the us goes back into recession, what an idiot.
my 110c will be expired this friday. really wish it could close now at 109.99KENA wrote:SOKU...Just checked the chart on CAT..It hit support yesterday so this is why it is up(also Big Ben).I am thinking it may go up a little more then turn dn again.Wait and see.
thank you, yes i do check. but want to hear from you.Cobra wrote:still think it's a Pennant or flag. cannot you check the chart in my public chart list? It's there at 4.8.8lilitulip wrote:GM Cobra, do you see SLV still in retangular or it broke out? thank you
don't ever think bernake is an idiot because he is not. don't let him fool you , his number one mandate is to help the banks and he will continue to do that at the expense of the US economy..ocassional observer wrote:bernaneke is working hard to keep inflation high in order to make sure the us goes back into recession, what an idiot.
I covered this morning. Can't compete with Uncle Benny's promises. (Tragedy is we are pissing away more of the American taxpayers' money to temporarily boost market prices of all commodities, only to end up worse off than before. Will the [QE3]'rd time be the charm? I think not.)agnosia wrote:i will get bullish on crude again if we break 99.20... from there we have 100.74 and 101.87 gap fills. i think we will need to see continued destocking of PADD inventories before that happens though... but today was a step in the right direction.
thanks anaconda...good idea to cover. i agree they are throwing our currency down the drain in order to help the few and we will suffer the consequences. unfortunately the US has become 'financialized' and the stock market + other assets are the only thing that matters. We don't manufacture anything anymore, just push money around... so sad.Anaconda wrote:I covered this morning. Can't compete with Uncle Benny's promises. (Tragedy is we are pissing away more of the American taxpayers' money to temporarily boost market prices of all commodities, only to end up worse off than before. Will the [QE3]'rd time be the charm? I think not.)agnosia wrote:i will get bullish on crude again if we break 99.20... from there we have 100.74 and 101.87 gap fills. i think we will need to see continued destocking of PADD inventories before that happens though... but today was a step in the right direction.
GL and nice job on the win!
Expand your view to one month. Draw a rising resistance line between the 6/22 high and the 7/7 high. Now create a parallel support line from the 6/27 low, and you will see that the resistance line is a back test of the broken support. The support line from the 6/27 low might be redrawn now through yesterdays low. I've got a technical case to support a possible retest of the 1358 high sometime next week, probably Tuesday, and the reassess from there (IF we get there).cheech wrote:Strange resistance line here. Not sure what that is.