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- Merli replied Apr 8, 2008
Possible ascending triangle on the 5min chart.
- Merli replied Apr 6, 2008
If we break the high from last week then 207 is my first target, and I definitely see 210 as a possibility. I dont think we will see 199.50 unless there is some horrendous news, most bad news seems to be baked in already, I think the market movers ...
- Merli replied Apr 6, 2008
I agree completely, I bought in at 202.60, bought more at 203.10 and closed them both just shy of 204. I think there will be a retrace, but up is in the cards in my opinion.
- Merli replied Apr 4, 2008
If this thing passes through the low of 202.40 I think we might possibly see 201, due to fib extension. If it retraces back up to the 204 area (61.8% retrace) Im going short.
- Merli replied Apr 4, 2008
Lot of wicks, anyone else think we are headed down soon?
- Merli replied Apr 1, 2008
Malcomb Thx — Just wanted to thank you Malcomb for your in depth analysis and great attitude day after day. Dont sweat the attacks from jealous people, I for one will be looking forward to your trading room. Regards Corey
- Merli replied Apr 1, 2008
I still think that a drop from 201.70 is favored, but if price breaks through this level then its bulls all the way and I will jump on for the ride!
- Merli replied Apr 1, 2008
Nice! I too see the bulls getting some cold feet, things are looking good.
- Merli replied Apr 1, 2008
The high for the last couple of weeks was the 201.70 ish area, I think we will see some major resistance there (if we reach it). Im definitely looking to go short in this area if it looks like the bulls are wavering.
- Merli replied Apr 1, 2008
Quick scalp to the upside wasnt bad, but now where do we go? Bulls/bears might fight for a bit before we get a clear trend. My gut says a bounce of the break of 200.15 then back up, any other thoughts?
- Merli replied Apr 1, 2008
Which way will it go? — As M said, Divergence on RSI is there but this thing feels like its going up. I want to short it but I have this eerie feeling we might see a pop to the upside. Im going to sit for now and wait for confirmation. I might ...
- Merli replied Mar 30, 2008
It hit 197.20, this thing should drop, might see some sort of retrace but overall this should be good for at least 100 pips. IMO 150 will be my target but I might try to squeeze out 200.
- Merli replied Mar 30, 2008
Waiting on the short — If price hits 197.20 Im definitely going short, price IMO will drop 150-200 pips.
- Merli replied Mar 16, 2008
Forget Hedging, stop loss all the way. Things are just going to keep dropping, so go with the flow, dont fight it.
- Merli replied Mar 6, 2008
Today is tooooo slow, I want more action.
- Posts by Member Search: 'Merli'