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Post by Clinton SPX on Apr 4, 2012 13:39:46 GMT -5
dont look now transports are almost green
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Post by rex on Apr 4, 2012 13:45:39 GMT -5
Oscar just shorted this pop!
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Post by Clinton SPX on Apr 4, 2012 13:46:13 GMT -5
I dont see how airlines dont go green today with oil down JBLU just went green
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Post by theMIST on Apr 4, 2012 14:05:47 GMT -5
My guess as to what I see as projected path for S&P -
S&P hourly forms complex H&S. We make another bullish move towards 1422.38 (head) and fall short. We form two more right shoulders and then we pullback to 1340ish before we bounce. Of course if we blow past 1422 then we go higher. Obviously, this is way early of a call and needs confirmation.
Into today's close and tomorrow we go bullish. In other words, BTFD for now.
Just my 2 cents
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Post by Clinton SPX on Apr 4, 2012 14:14:53 GMT -5
I think im see oscar getting stopped out
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Post by jack on Apr 4, 2012 14:20:37 GMT -5
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Post by jack on Apr 4, 2012 14:44:25 GMT -5
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Post by jack on Apr 4, 2012 15:01:43 GMT -5
Markets closed....glad THAT's over with.
NEXT!(?)
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Post by jack on Apr 4, 2012 15:11:36 GMT -5
UUP closed where it gapped up this am...w/ its 20 & 50 MAs converging on the 10min. I think it pops higher tomorrow.
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Post by Rich on Apr 4, 2012 15:11:48 GMT -5
I've been seeing some bearish things lately and this chart is not amongst the least of them. Reminds me of Clinton's typhoon flag. My radar is always a bit sensitive and I am prone to being early on reversals. Uploaded with ImageShack.us
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Post by jack on Apr 4, 2012 15:22:50 GMT -5
I've been seeing some bearish things lately and this chart is not amongst the least of them. Reminds me of Clinton's typhoon flag. My radar is always a bit sensitive and I am prone to being early on reversals. Uploaded with ImageShack.us3 peaks on an upsloping valley like that and its likely we're going down...I don't think you're early but wtf do I know.
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Post by tendermyshares on Apr 4, 2012 15:39:52 GMT -5
Yeah I think Cobra says that three waves up like that signals a reversal/downturn.
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Post by jack on Apr 4, 2012 15:45:44 GMT -5
Yeah I think Cobra says that three waves up like that signals a reversal/downturn. ...and conversely the opposite (a breakout) if the channel was heading lower...
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Post by tendermyshares on Apr 4, 2012 15:49:39 GMT -5
Yeah I don't know about the percentage odds of that one myself, have to see how it plays out. And I can't think upside down like that, that's for sure. Backwards, but not upside down. I'd think we'd have to get some kind of economic shock greater than the Fed minutes to knock us out of that channel. Yeah I think Cobra says that three waves up like that signals a reversal/downturn. ...and conversely the opposite (a breakout) if the channel was heading lower...
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Post by Rich on Apr 4, 2012 15:54:41 GMT -5
but Ben has been known to buck the odds
to where it's hard to trust patterns and chart indicators
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Post by jack on Apr 4, 2012 15:57:04 GMT -5
Yeah I don't know about the percentage odds of that one myself, have to see how it plays out. And I can't think upside down like that, that's for sure. Backwards, but not upside down. I'd think we'd have to get some kind of economic shock greater than the Fed minutes to knock us out of that channel. ...and conversely the opposite (a breakout) if the channel was heading lower... DaVinci wrote his manuels upside down AND backwards fyi. Bill Gates bought one of DaVinci's notebooks: $30.8M in '94 dollars. expensive-world.com/leonardo-da-vinci-notebook-owned-by-bill-gates-price-30-8-million-in-1994/
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Post by rex on Apr 4, 2012 16:01:09 GMT -5
CNBC just reported Spanish banks are in trouble...US Banks have too much exposure in Spanish banks, and Portugal is in need of a bailout. The header was: "Eurozone crisis starting up again?"
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Post by jack on Apr 4, 2012 16:03:27 GMT -5
CNBC just reported Spanish banks are in trouble...US Banks have too much exposure in Spanish banks, and Portugal is in need of a bailout. The header was: "Eurozone crisis starting up again?" There goes the neighborhood.
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Post by Clinton SPX on Apr 4, 2012 16:05:40 GMT -5
I've been seeing some bearish things lately and this chart is not amongst the least of them. Reminds me of Clinton's typhoon flag. My radar is always a bit sensitive and I am prone to being early on reversals. Uploaded with ImageShack.usand typhoons eventually break to the down side but are still considered bullish long term
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Post by jack on Apr 4, 2012 16:08:06 GMT -5
...and I think that's gonna be sooner than May...
Hey WAIT A MINUTE!!!! You put in a qualifier!!!
LOL!!!
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Post by Clinton SPX on Apr 4, 2012 17:55:51 GMT -5
I find that typhoons usually drop out of the flag to retest the breakout point only to bounce strongly but 10-20% of typhoons do breakout out the the up side. Attachments:
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