allow me to guess again...
On schedule so far. Lets not forget the ugly monthly chart. I don't think SPY can retrace 50% to 110, guess it will stop around 104.
One more guess... [img]
Small caps doesn't look bullish anymore. [img]
Swing is a daytrade that went bad :}, going home short if not stop out. Also shorted nq at 1615 stop 1620 (http://www.eminichartsetc.com/)
Short 987.50 stop 991.25 http://2.bp.blogspot.com/_uyrGNw94-qw/SnMFAuRCMSI/AAAAAAAAAzc/LOwMsz74WY0/s400/es125.png
I think so too.
Maybe this will help -- If current swing high(low) exceed last swing high(low), buy(sell) the first pullback.
higher timeframe, maybe?
This is a good setup to trade with. It can often be seen in different markets, in all timeframes. Here is the current crude daily chart, there is...
Tha gap needs to be watched closely, imho. Short term upside is 950 if gap holds, downside is still at 820-830.
short 918.75 stop 928.75, please allow me to borrow this chart, Chuck Krug [img]
Hmm... [img]
I second that. And I do hope he's done flipping and stay in this now because he is such a good bear!...
problem is YM picture ugly.
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