Personally, I'd be concerned of my own short position if 1061 is breached
blue dotted line in this hourly chart: http://screencast.com/t/OWU4ZWIzM2Y
Dow jones bull flag gave a nice upmove. Now may be it's time for bulls to exithttp://niftychartsandpatterns.blogspot.com/2010…
Don't know, but Thursday does have the Treasury Budget, which is expected to come in at $154.0 Billion.
Dread had said that the market tends to rally after the treasury auction (people buy into treasuries when the market is down). Is that this Thursday?
I think 135 in GS is more key but I will be watching everything.
Watch the dollar and the euro too.
Sometimes it takes a little longer then expected, but I believe Jay could be right on tomorrow selling off. Once the shorter time frame charts get overbought, and line up with the larger time frames… the selling should be severe.
i'm going to watch GS for clues.
We shall see. Let's see if GS can break the 135 level. At least the Russell has broken down.
Personally, I'd be concerned of my own short position if 1061 is breached
blue dotted line in this hourly chart: http://screencast.com/t/OWU4ZWIzM2Y
Dow jones bull flag gave a nice upmove. Now may be it's time for bulls to exit
http://niftychartsandpatterns.blogspot.com/2010…
Don't know, but Thursday does have the Treasury Budget, which is expected to come in at $154.0 Billion.
Dow jones bull flag gave a nice upmove. Now may be it's time for bulls to exit
http://niftychartsandpatterns.blogspot.com/2010…
Dread had said that the market tends to rally after the treasury auction (people buy into treasuries when the market is down). Is that this Thursday?
I think 135 in GS is more key but I will be watching everything.
Watch the dollar and the euro too.
Sometimes it takes a little longer then expected, but I believe Jay could be right on tomorrow selling off. Once the shorter time frame charts get overbought, and line up with the larger time frames… the selling should be severe.
i'm going to watch GS for clues.
We shall see. Let's see if GS can break the 135 level. At least the Russell has broken down.