GU should be tanked hard by now ..over-bought also supported by its weak fundamentals 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #98,322
- Jul 1, 2008 12:33pm Jul 1, 2008 12:33pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
going to gym see u guys after few hours 
You can get a Good Bath without any Shampoo for DOW.. (you don''t need it)
Looks Good for Short.. but I have a filling that the panic is stil not ON.. the investors (""the boiler room"" clients) are still in LA-LA land.. I am scared, if we reached so far 11180 without any Panic on DOW, can you just imagine how is going to look when the same investors/clients waked UP ??
Lol Nasty...
http://gazuga.net/stuph/bomb.jpg
- #98,324
- Edited 12:45pm Jul 1, 2008 12:34pm | Edited 12:45pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #98,326
- Jul 1, 2008 12:44pm Jul 1, 2008 12:44pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
now lilmoe, since you stirred me up, let's go to the daily chart.
i have already pointed out the hidden bearish divergence on weekly, which means that a fall on g-j will happen sooner or later.
what i want to see on a daily chart would be a nice regular bearish divergence that is confirmed. and i explained in my first post today what that means: http://forexfactory.com/showthread.p...94#post2085994
the bottom line is, it is just a matter a time until a new fall. 197.28 (retracement), or below 192.53 probably 0.618 fibo @ 186 area (a new wave on weekly). personally, i would go with 197.28 but what the heck... i'll even take 186.
either way i'm in bro
- #98,327
- Jul 1, 2008 12:47pm Jul 1, 2008 12:47pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
now lilmoe, since you stirred me up, let's go to the daily chart.
i have already pointed out the hidden bearish divergence on weekly, which means that a fall on g-j will happen sooner or later. the confirmation of this hidden divergence will be found on the daily chart.
so what i want to see on the daily chart would be a nice regular bearish divergence (we already have it) that is confirmed. and i explained in my first post today what that confirmation means: http://forexfactory.com/showthread.p...94#post2085994
the bottom line is, it is just a matter a time until a new fall. 197.28 (retracement), or below 192.53 probably 0.618 fibo @ 186 area (a new wave on weekly). personally, i would go with 197.28 but what the heck... i'll even take 186.
- #98,328
- Jul 1, 2008 12:48pm Jul 1, 2008 12:48pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
The Big Fall, this summer's must see entertainment, on computer screens everywhere, release date TBC, starring Hugh Grant and Lucy Liu...
Money & Pain
Respect the market, protect your capital, be patient
- #98,329
- Jul 1, 2008 12:49pm Jul 1, 2008 12:49pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
lol, i'm glad i got your attention.
either way i'm in bro
- #98,330
- Jul 1, 2008 12:53pm Jul 1, 2008 12:53pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
good, cause i'm not done yet.
the daily chart is at a very important moment:
- on one hand we have a regular bearish divergence waiting to play out at the first daily close below the daily trendline. now this is simple, i won't be discussing it anymore. a nice fall.
- on the other hand, we have a POTENTIAL hidden bullish divergence... yes, this would mean another rally to 212.90 area at least because that's where the resistance is now (and when we get there, we'll know if we ride higher or we drop). the confirmation of this hidden bullish divergence will come out of h4 chart (which i will post in a moment).
the daily chart is at a very important moment:
- on one hand we have a regular bearish divergence waiting to play out at the first daily close below the daily trendline. now this is simple, i won't be discussing it anymore. a nice fall.
- on the other hand, we have a POTENTIAL hidden bullish divergence... yes, this would mean another rally to 212.90 area at least because that's where the resistance is now (and when we get there, we'll know if we ride higher or we drop). the confirmation of this hidden bullish divergence will come out of h4 chart (which i will post in a moment).
lol, i'm glad i got your attention.
either way i'm in bro
Nihil Sine Deo.
- #98,331
- Jul 1, 2008 12:59pm Jul 1, 2008 12:59pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
DP serve!
- #98,332
- Jul 1, 2008 1:04pm Jul 1, 2008 1:04pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
nice work bro. you got him all fired up.
JK
- #98,333
- Jul 1, 2008 1:06pm Jul 1, 2008 1:06pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i promise this is the last one i post for now . h4 chart.
as i said, we have a possible hidden bullish divergence on daily. the confirmation we are looking now on h4 would be a regular bullish and an h4 close above gann hilo or the trendline.
well, i think i see some regular bullish divergence on histo macd as well as on cci but the trouble is that daily stochastic is not as OS as i wanted it to be. so... the bulls are not that convincing on my opinion. but i might be wrong.
anyway, bottom line is: an h4 close above gann hilo or the trendline should take us back to upper 212.
. h4 chart. as i said, we have a possible hidden bullish divergence on daily. the confirmation we are looking now on h4 would be a regular bullish and an h4 close above gann hilo or the trendline.
well, i think i see some regular bullish divergence on histo macd as well as on cci but the trouble is that daily stochastic is not as OS as i wanted it to be. so... the bulls are not that convincing on my opinion. but i might be wrong.
anyway, bottom line is: an h4 close above gann hilo or the trendline should take us back to upper 212.
Nihil Sine Deo.
- #98,335
- Jul 1, 2008 1:06pm Jul 1, 2008 1:06pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
To all my fellow Canadians.... HAPPY CANADA DAY!!!!!!!!!!!
EY!! to you too evil from your neighbor to the north...
How bout them McKenzie brothers, ey?
FUBAR...
- #98,336
- Jul 1, 2008 1:07pm Jul 1, 2008 1:07pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
i promise this is the last one i post for now
as i said, we have a possible hidden bullish divergence on daily. the confirmation we are looking now on h4 would be a regular bullish and an h4 close above gann hilo or the trendline.
well, i think i see some regular bullish divergence on histo macd as well as on cci but the trouble is that daily stochastic is not as OS as i wanted it to be. so... the bulls are not that convincing on my opinion. but i might be wrong.
anyway, bottom line is: an h4 close above gann hilo or the trendline should take us back to upper 212.
Glad Im not a newbie or I would really be confused.
- #98,337
- Jul 1, 2008 1:08pm Jul 1, 2008 1:08pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #98,338
- Jul 1, 2008 1:09pm Jul 1, 2008 1:09pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
i promise this is the last one i post for now
as i said, we have a possible hidden bullish divergence on daily. the confirmation we are looking now on h4 would be a regular bullish and an h4 close above gann hilo or the trendline.
well, i think i see some regular bullish divergence on histo macd as well as on cci but the trouble is that daily stochastic is not as OS as i wanted it to be. so... the bulls are not that convincing on my opinion. but i might be wrong.
anyway, bottom line is: an h4 close above gann hilo or the trendline should take us back to upper 212.
I like your analysis.
