Looks like we might see an exhaustion gap up and run for a double top. If so, the first hit should be strong resistance, and force the market to retreat before another attempt. However, a quick intraday move above the previous top could and should happen before the pullback.
It is common to go just a hair high to lure in amateur bulls thinking it’s a breakout. Rarely does the market breakout on the first attempt. Odds favor a pullback to at least make the right shoulder (or a possible C wave down?).
Cobra and a few others are expecting a VERY bullish April. Seasonals are extremely bullish this month. Pomo as always will provide the steady fuel. Probably see a pullback early in the week though but shorting this market can be hazardous to your wallet….
Crude Oil Chart: http://niftychartsandpatterns.blogspot.com/2011/04/crude-oil-above-resistance-line.html
Good morning gang…
Looks like we might see an exhaustion gap up and run for a double top. If so, the first hit should be strong resistance, and force the market to retreat before another attempt. However, a quick intraday move above the previous top could and should happen before the pullback.
It is common to go just a hair high to lure in amateur bulls thinking it’s a breakout. Rarely does the market breakout on the first attempt. Odds favor a pullback to at least make the right shoulder (or a possible C wave down?).
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/04/s-500-futures-four-hour-chart-analysis.html
http://www.youtube.com/watch?v=FeLLR3LWtv4&feature=feedlik
New post is up…
http://reddragonleo.com/2011/04/03/ben-fulford-says-rockefeller-is-still-using-haarp-on-mount-fujiyama-to-sink-japan-on-4-11-2011/
The site is not very slow for me, but I also have an extremely fast computer.
the link is a bit old, but the significance is worth me looking foolish.
Charles Nenner – former chief Goldman Sachs analyst.
http://www.profi-forex.us/news/entry4000001168.html
-GG
AT&T Chart : http://niftychartsandpatterns.blogspot.com/2011/04/at-price-and-volume-breakout.html
Cobra and a few others are expecting a VERY bullish April. Seasonals are extremely bullish this month. Pomo as always will provide the steady fuel. Probably see a pullback early in the week though but shorting this market can be hazardous to your wallet….
Ok, it’s not the toolbar…
http://support.wibiya.com/entries/165361-does-the-wibiya-toolbar-effect-my-website-s-loading-time