That's what I saw in Gold this am jumping on train pennant breakout and sold at red arrow at first sign of divergence (scaled trade). <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1747682>
And this is the 2 min chart of crude where I saw a bounce formation on 4 hour chart and waited for a similar set-up on smaller time frame to provide trigger for 4 hour chart with 1 min being trigger for 2 min set-up. Sold at first sign of divergence (scaled trade). <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1747687>
What do you mean ? Imo, the cash index is fighting to close above the previous day high = a bullish sign.
The trades i spotted in the morning (the only time i can trade it) i, like Shaked, did try to fade the 7800 with a small loss "Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great." -Mark Twain
Citibbank "Judgement Day" ! Ha, ha, ha... Citigroup Will Cut 20,000 Jobs and Slash Dividend, WSJ Reports... About 6,500 of the more than 20,000 job cuts will be in the investment bank, the Journal said. The largest investor to add capital is the Government Investment Corp. of Singapore, the report said. The Kuwait Investment Authority, Saudi Prince Alwaleed bin Talal and at least one U.S. fund management firm are also investing in Citigroup, the Journal said. Citigroup, based in New York, is scheduled to report fourth-quarter earnings this morning. The average estimate of 16 analysts surveyed by Bloomberg is for a loss of 97 cents a share. Here´s a little prayer : Oh my Lord, give Citi the power to survive ! Forgive them their sins, as we forgive them who sin against their customers, employees and shareholders!