The 30 minute chart is getting oversold now guys, and I now expect them to turn it back up into Friday and rally up more. We never reached our target area of 1210 spx, so it will now likely happen tomorrow.
From what I see in the charts (especially the 30 minute chart) I think we are now going down in a B wave down, not a wave 3. That means we will be oversold on the 30 minute chart probably by the end of the day and likely rally back up tomorrow. Obummer will say something positive tonight and we’ll likely reverse. I could be wrong of course, but this just doesn’t look like it too me. I’ll wait in cash for a better spot to short at.
I’m now long (a small position) into a rally tomorrow gang…
EURUSD and US Dollar charts: http://niftychartsandpatterns.blogspot.com/2011/09/eurusd-and-us-dollar-trend-update.html
You still think 1218 spx is possible? Since we never hit 1210 today, I’m think that they very well could push past it tomorrow with a gap up over it.
I agree.
The 30 minute chart is getting oversold now guys, and I now expect them to turn it back up into Friday and rally up more. We never reached our target area of 1210 spx, so it will now likely happen tomorrow.
Yes I am long from originally from 1144 area. Sold some as the market came up. Bought some more this morning. at 1194 area
From what I see in the charts (especially the 30 minute chart) I think we are now going down in a B wave down, not a wave 3. That means we will be oversold on the 30 minute chart probably by the end of the day and likely rally back up tomorrow. Obummer will say something positive tonight and we’ll likely reverse. I could be wrong of course, but this just doesn’t look like it too me. I’ll wait in cash for a better spot to short at.
It’s never this easy to go short. I’m still waiting. I could miss it, but it just doesn’t seem right yet.
Are you long GL?
1186sp I will bail if I have to.