Hi malcolmb14,
Here is my 4hr GJ chart..I hope you can read it..There is someone on this board speaking for others that my charts are confusing...LOL..
PA tested the R2 138.50 level and rejected at 50EMA..
The overall trend is bearish..
Candle is above the 4hr gann and below the 50EMA( consolidation into a small triangle) Breakout is due soon!!
I don't think anything will happen tonite..
London will probably have to determine this range...
Fundamentals are stuck with this BS bailout...Let them file bankruptcy and rebuild their infrastructure similar to the toyota, honda,etc...
The other companies are surviving this bad economy..
So far, I see the white house is having a hard time passing this bill...Eventhough the bill will pass, it is not enough to keep the little 3 together next year...
Jobs will be loss and the companies will fail but it better without the tax payers money..
IMHO..
Here is my 4hr GJ chart..I hope you can read it..There is someone on this board speaking for others that my charts are confusing...LOL..
PA tested the R2 138.50 level and rejected at 50EMA..
The overall trend is bearish..
Candle is above the 4hr gann and below the 50EMA( consolidation into a small triangle) Breakout is due soon!!
I don't think anything will happen tonite..
London will probably have to determine this range...
Fundamentals are stuck with this BS bailout...Let them file bankruptcy and rebuild their infrastructure similar to the toyota, honda,etc...
The other companies are surviving this bad economy..
So far, I see the white house is having a hard time passing this bill...Eventhough the bill will pass, it is not enough to keep the little 3 together next year...
Jobs will be loss and the companies will fail but it better without the tax payers money..
IMHO..
Dislikedhere is my 4 hr chart ..... confluence of fib time extension say something happening midnight tonight PST (start of London ) , maybe some form of pivot.
there is a 1-2-3 sell formation on 4 hr now that may pan out and the 50 sma is forming upper resistance
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