yes I knew that, it was Memorial day. market still traded tho, and in the right direction too. but yeh overall things were very quiet.
haha miner. yes a confluence of harmonic patterns was irresistible to me.
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yes I knew that, it was Memorial day. market still traded tho, and in the right direction too. but yeh overall things were very quiet.
haha miner. yes a confluence of harmonic patterns was irresistible to me.
Originally Posted by Hoop http://www.sharetrader.co.nz/images/...s/viewpost.gif
From all the posts presented on this thread lately it seems there is a common consensus that this present rally in the US Equity markets may be over.
Cross out the all and add minority now.;)
stop was at 877.6 so it held through those dark moments. woke up to a nice limit having been taken at 896. lots more there for others to have. notice the new butterfly in this picture sometimes they take off as if they were eagles.
Peat. Just had a vision while reading your post :D:D
I think I should tone down my optimism a tad...you agree?;)
http://i458.photobucket.com/albums/q...eenShot012.jpg
...SPX 500 continued to bounce after staying ahead of *879 last week
- *916 congestion/*925/*930 double top overhead
Trading Strategy: sideline (safest); hedge: short with upside stop
Kind Regards
haha thats awesome Hoop.
I'm certainly feeling optimistic now, tho not that the market will go in one direction or another, more that my harmonic patterns get it right sometimes.
...most likely, the bulls need some more visionary aid to see the index past *916/*925/*930 but in the meantime, *875 seems to go for a walk soon
Trading Strategy: sideline (safest), hedge: short with upside stops and naturally, sell stops somewhere in the desert below *875
FRBSF Economic Letter
2009-16; May 15, 2009
U.S. Household Deleveraging and Future Consumption Growth
http://www.frbsf.org/publications/ec...el2009-16.html
Kind Regards
the last 3/4 hours action sofar looks like a bear flag. after it was oversold. the xlf has tested 11.64 again today. looking to add to shorts at 895 s&p
...starting from May 8th High SPX 500 *930 > declining tops *925*/*914
-*914 > Key Level to any further upside potential; most likely market will fail beneath *814 and consequently drive SPX 500 out of current trading range > if *875 test fails
Trading Strategy: sideline (safest), hedge: short with upside stops and naturally, sell stops somewhere in the desert below *875
Kind Regards