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Futures
Apr 13, 2012 8:25:19 GMT -5
Post by dino on Apr 13, 2012 8:25:19 GMT -5
Looks like we have a couple bullish formations to keep an eye on: Possible full flag forming with a flag range between 1386 and 1376. We could easliy bounce in this area today and consolidate. There's also a possible iH&S forming as well. Right shoulder currently trying to take shape. It's early and the left shoulder isn't very deep, but it's something to keep an eye on. The bearish case would be a break of 1373 imo...
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Futures
Apr 13, 2012 8:30:13 GMT -5
Post by theMIST on Apr 13, 2012 8:30:13 GMT -5
zoom out that chart a little so we can see the bigger pic - LOl
so far looks like we hit resistance at that horizontal neckline
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Futures
Apr 13, 2012 8:40:59 GMT -5
Post by dino on Apr 13, 2012 8:40:59 GMT -5
Panned out, there is a possibility of a bigger h&s. Slanted neck line and we would be forming the right shoulder right now. The baby blue line is currently how I see the neck line. As always, it's early but definitely somethign to watch... Uploaded with ImageShack.us
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Futures
Apr 13, 2012 8:50:42 GMT -5
Post by theMIST on Apr 13, 2012 8:50:42 GMT -5
nice chart Dino
well thought out
Exalt!
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Futures
Apr 13, 2012 8:51:53 GMT -5
Post by jack on Apr 13, 2012 8:51:53 GMT -5
Roughly a 1290-1300SPX downside target. I LIKE IT!!!! Panned out, there is a possibility of a bigger h&s. Slanted neck line and we would be forming the right shoulder right now. The baby blue line is currently how I see the neck line. As always, it's early but definitely somethign to watch... Uploaded with ImageShack.us
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Futures
Apr 13, 2012 8:58:51 GMT -5
Post by dino on Apr 13, 2012 8:58:51 GMT -5
nice chart Dino well thought out Exalt! LOL... so the bullish view on the 4hr gets me a "hey buddy, zoom out!". When I zoom out and post the bearish case I get 2 karmas from 2 bears. Figures it finally hits me on the last day that if I wanted more karma I should have posted charts of what people WANTED to see, not what my puny brain is rendering... lol...
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Futures
Apr 13, 2012 9:03:09 GMT -5
Post by jack on Apr 13, 2012 9:03:09 GMT -5
nice chart Dino well thought out Exalt! LOL... so the bullish view on the 4hr gets me a "hey buddy, zoom out!". When I zoom out and post the bearish case I get 2 karmas from 2 bears. Figures it finally hits me on the last day that if I wanted more karma I should have posted charts of what people WANTED to see, not what my puny brain is rendering... lol... Nah ya don't wanna do that. That's what Obama does like what he's doing w/ the Buffet Tax like that's gonna do a damn thing for the crisis we'll be facing a few years from now but it plays well with the 99%. www.washingtonpost.com/opinions/free-lunch-egalitarianism/2012/04/12/gIQAu3wnDT_story.html
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Futures
Apr 13, 2012 9:10:41 GMT -5
Post by dino on Apr 13, 2012 9:10:41 GMT -5
Looks like we have a couple bullish formations to keep an eye on: Possible full flag forming with a flag range between 1386 and 1376. We could easliy bounce in this area today and consolidate. There's also a possible iH&S forming as well. Right shoulder currently trying to take shape. It's early and the left shoulder isn't very deep, but it's something to keep an eye on. The bearish case would be a break of 1373 imo... There's 1373. If we're gonna form the right shoulder it will be right here...
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