If we don’t sell off today into the close then the doji (or long topping tail?) that I’m expecting to see (on the daily chart) won’t happen until Monday it seems. This all assumes that they aren’t going to continue straight up until May/June without first having a multi-day correction… not just a “one day wonder”.
Yes, I agree. With gold down, euro down, and dollar up nicely I’d say the market isn’t likely to go very far today. The best it could hope for is a “doji” candle.
I do think we are very near a top. It should be put in today I believe, but could be stretched out until Monday. We should sell off into the week ending on the 23rd I’d estimate.
ALL IN.
If we don’t sell off today into the close then the doji (or long topping tail?) that I’m expecting to see (on the daily chart) won’t happen until Monday it seems. This all assumes that they aren’t going to continue straight up until May/June without first having a multi-day correction… not just a “one day wonder”.
Trade: short DHI.Opened at 15.51 on 3/9/12.housing stocks look over extended.
Trade: short LEN.Opened at 25.87 on 3/9/12.use a 3% stop, 26.5
wed better hit that damn 138 fp darn sonn..monday?
Yes, I agree. With gold down, euro down, and dollar up nicely I’d say the market isn’t likely to go very far today. The best it could hope for is a “doji” candle.
This is a truncated fifth wave top imo. And now 50% IN short.
I do think we are very near a top. It should be put in today I believe, but could be stretched out until Monday. We should sell off into the week ending on the 23rd I’d estimate.
EURUSD Update:
http://niftychartsandpatterns.blogspot.in/2012/03/eurusd-update.html
Going short again. Its callin me