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Old Aug 3rd, 2012, 08:42 PM   #1
RedTankEra
 
 
Join Date: Feb 2012
Posts: 380
A contrarian trendline in an unfinished bearish formation looking for a breakout, red zone is magnet.


Trouble for bears.
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Old Aug 17th, 2012, 05:14 PM   #2
RedTankEra
 
 
Join Date: Feb 2012
Posts: 380
Magnet coming, we not there yet.
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Old Aug 17th, 2012, 05:19 PM   #3
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,953
The low volatility, low volume, crippled fundamentals, and wounded bears sure feels a lot like Fall 2010 and Spring 2012.....
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Old Aug 17th, 2012, 05:28 PM   #4
RedTankEra
 
 
Join Date: Feb 2012
Posts: 380
Quote:
Quote from Wide Tailz:

The low volatility, low volume, crippled fundamentals, and wounded bears sure feels a lot like Fall 2010 and Spring 2012.....
This upside is just an appetizer, the main course will come when the bearish formation is finally completed and the confirmation move occurs, it is afterall, a bearish wedge, as you said, we moving on very low volume, which makes it even more tasty, but until that comes, more upside.

Perhaps we drift up until Bubble Ben dissapoints around the magnet area. Why dissapoint ? Because I've never seen the Fed inject into the system at resistance only at support or broken support.
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Old Sep 9th, 2012, 05:30 PM   #5
RedTankEra
 
 
Join Date: Feb 2012
Posts: 380
Soon...
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Old Sep 13th, 2012, 05:07 PM   #6
RedTankEra
 
 
Join Date: Feb 2012
Posts: 380
Completion.

This is where you begin to look for an exit and patiently wait for the reversal signal.

Now the battle to turn the red into support or resistance begins.

Don't get caught in the barbwire, examine the clear winner after they are done shooting each other in the heads.
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