The Bulls are fighting this will everything they have. If they break the 1080 level and close, then the Bears are probably done for next week.
If they get rejected again at 1080 (third time), then we should fall hard all next week, into multiple wave 3's. This up and down movement is clearly done to shake out all the bears, and bring in the bulls.
Bears Flags are still on the Daily, and now forming on the 60 minute chart (although it's not completed yet), and I won't know until the end of the day.
It's not easy right now, as these bulls have drawn this thing out way too long. Of course it's planned that way. They have to shake out all the bears. This is still just a wave 2 up, that will end soon.
it's was the most profitable way to do a backtest as the operators got 1% return overnight plus they sold a ton more puts that they'll get a 100% return on in a week
That 1080 level seems to be the key Sun. If it holds, I see lots of selling next week.
what do you mean “max containment point”
spyma what moving average
Update…
The Bulls are fighting this will everything they have. If they break the 1080 level and close, then the Bears are probably done for next week.
If they get rejected again at 1080 (third time), then we should fall hard all next week, into multiple wave 3's. This up and down movement is clearly done to shake out all the bears, and bring in the bulls.
Bears Flags are still on the Daily, and now forming on the 60 minute chart (although it's not completed yet), and I won't know until the end of the day.
It's not easy right now, as these bulls have drawn this thing out way too long. Of course it's planned that way. They have to shake out all the bears. This is still just a wave 2 up, that will end soon.
we're back at the max. containment point for the market again
http://www.flickr.com/photos/47091634@N04/43518…
it's was the most profitable way to do a backtest as the operators got 1% return overnight plus they sold a ton more puts that they'll get a 100% return on in a week
has wave 3 to the downside started yet?
Dow is over 100 pts OFF the lows.
This EW & TA has a lot to be desired
for those wandering why the market won't die, this chart is a daily chart showing you the controlling trendline of the market
http://www.flickr.com/photos/47091634@N04/43517…
yes it was still a bit neg. I think he ment the zero “area”
such a big gap down must tell you something. Normally I would think that would break the down trend retest.
Economic figure today are better than expected which support your retest. market is now recovering some…..
He sure did!