Those triangles commonly break to the upside on a false breakout and the fall back down lower. I suspect it might do that again today, as the 60 minute is getting oversold now.
When it rolls back up, probably into the close today, it could give the market a pop outside that triangle. This assumes no negative news is release at 2:15 pm with the Beige Book.
We need a reason to sell now. Maybe the job's data tomorrow? They will find a reason, as they've already given us our downside target. When will we get there… I don't know. But I suspect it will start tomorrow.
We have a FP of 111.55, which is where I suspect we are heading.
Here come the pumpers ofcourse. Volume dries up, machines kick in
W00t! BECN 17.50 Jan11 P are now in-the-money! 😀 Now, if only I were POSITIVE on the puts now. 😉 Sooooon… my preciousssss!
Not much else going on… and one of the small successes so far in my portfolio. 🙁
Somebody wake me up at the last hour of the day… I'm falling asleep watching this market.
Those triangles commonly break to the upside on a false breakout and the fall back down lower. I suspect it might do that again today, as the 60 minute is getting oversold now.
When it rolls back up, probably into the close today, it could give the market a pop outside that triangle. This assumes no negative news is release at 2:15 pm with the Beige Book.
I only need one woman to love me. 🙂 And sorry for her, but she is bound to me by marriage! Muahahahahahah!
The ladies must love you … LOL
I can lick my eyebrows!!!
😉
Triangle of Dow Jones
http://niftychartsandpatterns.blogspot.com/2010…
No there's not Al…
We need a reason to sell now. Maybe the job's data tomorrow? They will find a reason, as they've already given us our downside target. When will we get there… I don't know. But I suspect it will start tomorrow.