i dunno red,,,i agree the short term charts are all painting the look of a bounce – but it may just surprise us, and continue down to the 1270 area…. since the tptb can ignore the technicals on the way up, i think the same applies on the way down too….
We hit the FP and pierced through it. Based on the time of the day, and the charts, I think we have a bottom for today. While we could dip quickly a little more, I think we will roll back up some into the close. Not a lot, but higher then where we are now.
i know everyone is mesmerized by the market action – but my almost richie rich spidey senses are telling me we are at ‘the tipping’ point…. i could be wrong, but i must defer to the spidey senses….good luck y’all!
Ok, it’s finished processing now. Refresh page for video update…
2 month in row i mean
Maybe?
till a Monday we should go below 1257 or its will be first time unclosed gap of the mounth
red,
i dunno red,,,i agree the short term charts are all painting the look of a bounce – but it may just surprise us, and continue down to the 1270 area…. since the tptb can ignore the technicals on the way up, i think the same applies on the way down too….
I just did a quick Friday Video Update. It should be done processing in about 5 minutes or so…. (just for Gold Gerb!)
🙂
well, that was fun.
http://tinypic.com/view.php?pic=2ilzm08&s=7
Crude oil chart: http://niftychartsandpatterns.blogspot.com/2011/01/crude-oil-rises-from-trend-line.html
We hit the FP and pierced through it. Based on the time of the day, and the charts, I think we have a bottom for today. While we could dip quickly a little more, I think we will roll back up some into the close. Not a lot, but higher then where we are now.
i know everyone is mesmerized by the market action – but my almost richie rich spidey senses are telling me we are at ‘the tipping’ point…. i could be wrong, but i must defer to the spidey senses….good luck y’all!