SG, The chart in LVS was posted prior to it's hitting 62.09 and turning downward. Unfortunately when you post a chart from Fin Viz it continues to update itself after the post date. That shooting-starish top had not been put in when the chart was originally posted here, (and then it was put in just as Mav warned at the level he told you to watch). Just FYI...
I have no idea what you are talking about. Here is my QTR chart for LVS. Perfect failed A up almost to the penny. I have stated this 100 times on this thread, long term trends tend to end at their QTR levels.
you are not alone, sg's post is some confusing technical analysis fo shizzle. SG maybe you can explain you're theory. I looked briefly at your other thread and I am confused. Mav long bonds long es, it be magic, you rock!
Well that was interesting. I had a confirmed weekly A up for DIA and SPY only to have them confirm a weekly C down today. QQQ and IWM had failed weekly A up and confirmed A down today. Couple that with a seasonally weak time of year and the market should see more weakness next week.
Does anybody see any news on the Crude drop today? I don't see anything, this is a big move and many times a move happens and no one can tell you why its usually a sign that the move can have some legs. I posted before on my bullishness on crude, well it broke out and failed through the weekly and 105. When something breaks out and doesn't hold near the highs that is a sign of weakness, no trade. I took a shot and it didn't workout...hands off since then. This is a HUGE move, we have the quarterly move right below us. We will most likely test it on monday...that could either be a GREAT buy or this could be a good place to have a very good short. So what does everyone think?
Here is what I am watching on monday. Quarterly level is at sitting at the 96 level and that is also a prior swing low. On monday we need to hold the lower half of the breakdown bar if bears are in control. We will prob test the quarterly and see what happens. Above that level(100) this could just be some temporary spike. Watch for the open and failed a up or a down...the failed a up would be a great low risk short!
equity correlation to me, I wonder what the percentage move down vs es was, like Mav says its like one trade due to the high correlation.....my .02.