I think discount will be on offer, just look at Hang Seng's 4 hour chart, there is a divergence there that points to this p/a being a bear flag, as daily chart features a HUGE divergence, I don't care that Chinese law's been changed, such a shtick is to be faded. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1701072> Nice call on 7845 BT!
possible reversal on 1 minute chart, not bad RR. Statistically, I believe S2 is to be expected though.
Nice one indeed JSSPMK but will we (US, Europe) follow the Chinese ?! So it seems you are not as optimistic as I am. This rally last week made me bullish for the end of the year but maybe I am wrong.
sorry if you boys hold onto positions, im a tick whore..well not whoring that much but will get pretty quickly if it goes my way... n look to get back in...
Monthly charts across the globe look bearish as fuck, but as I mentioned earlier (most will probably know this on this thread) that fake p/a is a regular thing prior to actual move taking place. These fake moves can be brisk and brutal as people do try and participate in longer term oscillations and are vulnerable to shake outs. So I do view this as a fake upside, as monthly (King Cobra of charts) is showing weakness in a form of a divergence, we had up up up on a declined histogram, that is the same as on intraday charts, a weakness is a weakness, no matter what time frame it is present on. Basically, manipulation is possible if you have the money and information.
why is my shitty support line holding...look at the chart i posted earlier... n i know im a useless tech analyst...
Short 3, looking for flag top stopped out -3 short 3 -2.5 short 3 3rd failure swing? 3rd time lucky for me?