thanks anoopsan well they wont be able to break that 11100 for today at least. Im just hoping for the pullback to the 11050 mark before it closes its at 11062 right now with 4 mins to close come on bearssssssssssss
hmmm i see in that case give and take a little pullback today might end up at around the 11050 region before giving it another go tomorrow.Ive noticed that for the past few days asia side has started the day downwards but it always pulls back before the starting bell.States might be bullish but looking at asia and london they seem to be pulling the brakes alittle.
well there is about another hour and a half to go before closing and somehow the market seems to be floating right now drifting upwards slightly.Dont really think that another bull run will happen but at the same time dont really think a huge sell off will happen before closing
Seems like the last time we had the major media printing extremely optimistic stories, the market sold off shortly after that… but I can’t remember that far back.
One of the few tech methods that stands strong is one of the oldest, Fibonacci.
The trick is where do you start and stop the 0% and 100% lines. The answer is not always obvious, and often running form top to bottom of a 5 wave or 3 wave pattern works well. On my ES chart 1040 is roughly the bottom. See attached.
Check the “total market” DWC, we are also at an important Fibo. Investor complacency is high.
And Finally, right before the elections — “The Housing Boom is Back”, see newspaper headlines. I think I am going to buy some lemmings and hang out with them, at least they deserve some respect, 🙂
Does anyone else see this, or is this just an error on TOS?
http://reddragonleo.com/wp-content/uploads/2010/10/spy-fp-106-46-on-10-18-2010.jpg
thanks anoopsan well they wont be able to break that 11100 for today at least. Im just hoping for the pullback to the 11050 mark before it closes its at 11062 right now with 4 mins to close come on bearssssssssssss
Dow Jones futures near resistance area: CLICK HERE
hmmm i see in that case give and take a little pullback today might end up at around the 11050 region before giving it another go tomorrow.Ive noticed that for the past few days asia side has started the day downwards but it always pulls back before the starting bell.States might be bullish but looking at asia and london they seem to be pulling the brakes alittle.
The market is waiting on Apple and IBM’s earnings report after the bell. Not much is going to happen until then.
well there is about another hour and a half to go before closing and somehow the market seems to be floating right now drifting upwards slightly.Dont really think that another bull run will happen but at the same time dont really think a huge sell off will happen before closing
Seems like the last time we had the major media printing extremely optimistic stories, the market sold off shortly after that… but I can’t remember that far back.
One of the few tech methods that stands strong is one of the oldest, Fibonacci.
The trick is where do you start and stop the 0% and 100% lines. The answer is not always obvious, and often running form top to bottom of a 5 wave or 3 wave pattern works well. On my ES chart 1040 is roughly the bottom. See attached.
Check the “total market” DWC, we are also at an important Fibo. Investor complacency is high.
And Finally, right before the elections — “The Housing Boom is Back”, see newspaper headlines. I think I am going to buy some lemmings and hang out with them, at least they deserve some respect, 🙂
http://oahutrading.blogspot.com/
Breakout looks very much possible.
Yes, that’s what I was looking at. I do believe a breakout will happen by the end of the day.