Your parade of bs has become a bigger and bigger farce over the space of two years. I know more about trading ( any time frame ) then you will likely ever know; you are all about marketing and ego not trading. The complete lack of integrity with which you operate is how most con men work in numerous businesses. I'm not sure why this site condones such a fraudulant approach but anyone can do the math and see your trading loses tons of money on any time frame.
EURUSD reverts to falling wedge scenario (bullish) which is in conflict with very overextended SP500 / DOW
Why should I go to your blog? I get the same worthless commentary here, and I don't have to click anything.
SP500 daily remains very overextended and still wants to sell off. Information regarding 'Nine_Ender' http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
newwurldmn, Your comprehension skills are sadly lacking. ' EURUSD reverts to falling wedge scenario (bullish) which is in conflict with very overextended SP500 / DOW '
What is the point of your comment unless you are either saying: 1. You are saying that the charts are all confusing. In which case you shouldn't be claiming that you are calling an intraday selloff. 2. Your comprehension skills are lacking and don't know what "conflict" means.
SP500 / DOW / NASDAQ daily chart overextension warning strengthens and potential for a waterfall sell off increases.
In other words, you shorted prior to resistance breaking down, and need a large corrective move to regain your money or make a profit. If this breakout runs, you'll be bleeding money. I have no opinion on whether it will or not, I just know your short was a bad trade. Your speculation that a "waterfall sell off" is more likely is not indicated at all by technicals. Its more wishful thinking then anything. Yes, it could happen, but no, its not a good trade putting real money down on this possibility.
EURAUD bullish warning on daily chart strengthens. ALL TRADES POSTED HERE http://stockmarket618.wordpress.com