The 4 hour chart is still buried and needs more time to reset itself from oversold conditions. I think we could be chopping around for 2-3 days before collapsing again.
Very interesting… it does now seem that Obama winning wasn’t planned by the Illuminati Cabal here in America and was re-elected to stop WW3 from starting under Romney.
Tough to trade this right now as the charts are too oversold on the “less then one day” timeframes. That means the weekly and daily charts are trying to push the market down while the 4h, 2h, and 60min want to push the market up.
The daily and weekly are more powerful charts and will likely keep any rally contained. So yes, we should get something of a rally, but I don’t know how high it will be on the actual levels.
I’m more focused on watching the MACD’s and Histogram bars on those shorter time frames, as once they get overbought and rollover the market will drop hard. When you have the weekly, daily, and all short term charts all pointing in one direction you have a wave 3 happen.
But since the bond market and the banks are closed today for Veterans day I’m not expecting much action in either direction today. Hopefully tomorrow and Wednesday they can get some kind of rally going so we can short it by Thursday morning.
The 4 hour chart is still buried and needs more time to reset itself from oversold conditions. I think we could be chopping around for 2-3 days before collapsing again.
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Pop and drop time.
EURUSD Chart update: http://niftychartsandpatterns.blogspot.in/2012/11/eurusd-chart-update.html
Now you are finally getting it !
Very interesting… it does now seem that Obama winning wasn’t planned by the Illuminati Cabal here in America and was re-elected to stop WW3 from starting under Romney.
http://lucas2012infos.wordpress.com/2012/11/12/benjamin-fulford-full-update-world-intervention-saves-obama-prevents-world-war-3-12-november-2012/#more-31517
Yeah. Going to wait until the FP of 139.75 is hit before starting to go short
Tough to trade this right now as the charts are too oversold on the “less then one day” timeframes. That means the weekly and daily charts are trying to push the market down while the 4h, 2h, and 60min want to push the market up.
The daily and weekly are more powerful charts and will likely keep any rally contained. So yes, we should get something of a rally, but I don’t know how high it will be on the actual levels.
I’m more focused on watching the MACD’s and Histogram bars on those shorter time frames, as once they get overbought and rollover the market will drop hard. When you have the weekly, daily, and all short term charts all pointing in one direction you have a wave 3 happen.
But since the bond market and the banks are closed today for Veterans day I’m not expecting much action in either direction today. Hopefully tomorrow and Wednesday they can get some kind of rally going so we can short it by Thursday morning.
just got in- think that’ll be today’s low… we might just chop like this until Thursday, if that’s the high. Turbos 132 is still in mu head though
CRUDE Oil update: http://niftychartsandpatterns.blogspot.in/2012/11/crude-oil-update.html