Here it comes baby .. bear trap or a real move .. 
- #139,175
- Nov 19, 2008 10:12pm Nov 19, 2008 10:12pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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DislikedWell, I think we confirmed that GJ is still locked in a death grip with the Dow. With the triple bottom in the Dow, we are going to see a technical rally that ignores all bad news. I expect the dow to push up to around 10,000, and GJ will happily trail along.
Of course, then we see start of the plunge to Dow 3500.Ignored
DislikedI guess for the first time I can be accused of being optimistic. It appears that things are so bad that we may not be able to even get a bear market rally.Ignored
DislikedHi Mktjong,
I was wondering if you recieved my P.M. that I sent you.
thanks,
BdisciplinedIgnored
DislikedBut if you're trying to load it into IBFX's MT4 platform, it won't work. You'll need an MT4 version of the indicator.Ignored
DislikedI think there's a chance of fib ext. here. Would bring us down to 132. ...maybe just wishfull thinking.Ignored
Dislikeda 1hr close below 142.50 should solidify the down move to 140'ish. . . the sell off in Asian session was forthcoming due to equity markets being down. . . if there is a retrace it has now moved down below the DP, 4hr 5SMA is dropping and is now at 144.20 area for now. . .Ignored