Yes… and so far this isn’t going as planned. I’d thought that we’d top around the 4th of January because it’s a ritual “eleven” date. Then we’d have this sell off that we are having right now. This sell off seems early too me, but maybe that’s the plan?
It’s still possible that this is some large “Wave 1” down and that we’ll start a “Wave 2” into early January. Then “if” the ritual date is correct we’d still top on the 4th for the end of that wave 2, and allow “Wave 3” down to start and put a hurting on January…. at least a hurting for the bulls that is!
Good Morning gang… looks like another choppy light volume day. Not something worth trading (unless you are scalping). Doesn’t really appear to be any direction chosen yet either. Usually it’s bullish this time of year but right now the bulls seem to be asleep.
Yes… and so far this isn’t going as planned. I’d thought that we’d top around the 4th of January because it’s a ritual “eleven” date. Then we’d have this sell off that we are having right now. This sell off seems early too me, but maybe that’s the plan?
It’s still possible that this is some large “Wave 1” down and that we’ll start a “Wave 2” into early January. Then “if” the ritual date is correct we’d still top on the 4th for the end of that wave 2, and allow “Wave 3” down to start and put a hurting on January…. at least a hurting for the bulls that is!
Could be, and then a fiscal cliff agreement to catch all the ones on the south train…
I think we are going to retest the 1391.50 ES “Flash Crash” low…
Ugly weekly H&S ahead of us to low 1200’s?
USDJPY Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/usdjpy-month-chart-analysis.html
Good Morning gang… looks like another choppy light volume day. Not something worth trading (unless you are scalping). Doesn’t really appear to be any direction chosen yet either. Usually it’s bullish this time of year but right now the bulls seem to be asleep.
IWM Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/iwm-chart-analysis.html
CRUDE Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/crude-oil-chart-analysis_26.html
CISCO Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/cisco-chart-analysis.html
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