Some food for thought....a rising wedge in a down trend
http://www.investopedia.com/universi...ts/charts7.asp
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http://www.investopedia.com/universi...ts/charts7.asp
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DislikedSome food for thought....a rising wedge in a down trend
http://www.investopedia.com/universi...ts/charts7.asp
AIgnored
Dislikedthats great thank u for that one and the link on patterns very helpful for us nebs... hers one for fun...
here is a historical chart showing that we havent even been trading in the bottom zone of expected range since 2002 indicating a possible collapse over the next few years to all time lows.... can u say 145?!!!! lmfaoIgnored
DislikedI don't know if the market is going to be normal today or that bald headed Fed has something new up his sleeves for us.Ignored
DislikedThey, the FED had already tried to revive the Dow from slipping into a coma yesterday.
And by the looks of it , it is not that successful.
The crash will happen. when I don't know. But I can feel it will be soon.
And Wall Street executives can get a much bigger paycheck if the market crash if they short the market.
Funny that 90% of the analyst interviewed by CNBC said they will not buy or enter financial stocks as it is still slipping and no bottom has been found.Ignored
DislikedOnly speculative trades. lol
Since we are proceeding with our final prognostications of the session:
The 4hr has performed it's obligatory kiss of the 5sma which
completes a minimum necessary retracement... (bullish)
The previous long legged doji (pin bar) with long wicks / bar is
simply a sign of strong indecision rather than a reversal.
The aforementioned hammer is a bullish reversal signal now confirmed
by the subsequent candle that closed higher.
The daily shows a bullish engulfing pattern in the making (~2 hrs
remaining),which could be a strong continuation signal of the upward
channel.
We haven't completed the 50% retrace on the daily charts for 11/01
thru 11/22.
The charts comfirm the market's head in the sand attitude towards
fundamentals wishing to promulgate the 'all is well in zion', 'emperor's new
clothes' notion when in fact there is really 'no new clothes' to display in
the parade.
Still the 'stockings are hung by the chimney with care', filled with stuffings
bought on credit.Ignored