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  • #313,481
  • Oct 25, 2010 3:38pm Oct 25, 2010 3:38pm
I'm looking for bullish pull back to occur before the bears short price. Thats would be a great indicator, to me, that long term shorts are in the future.

This is a chart I posted on Twitter hours ago, http://chart.ly/mjjct46

Downwards channel tells the story of bears taking control of the trend but a downwards fall from the top of the channel to the bottom would help validate the notion of Lower Lows.
  • #313,482
  • Oct 25, 2010 3:40pm Oct 25, 2010 3:40pm
i was busy today didn't have time to post.

anyone seen this headline ?

October 25, 2010 16:16 ET (20:16 GMT)

DJ Pimco's El-Erian: Bets Greece Will Default In 3 Years
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #313,483
  • Oct 25, 2010 3:40pm Oct 25, 2010 3:40pm
Quoting egkid
I LV This thread
Question
Who's long ?
not me for sure!
unless it kicks me out and i would have to reevaluate and/or reconsider...
  • #313,484
  • Oct 25, 2010 3:40pm Oct 25, 2010 3:40pm
Quoting FibbinArchie
Good luck with it, if you persevere, you will see the market, any financial market in a whole new light.
I use volume in stocks as a very powerful tool for breakout confirmations as the volume actually means something...I was just completely numb to forex volume so far being sure it was a worthless piece of info...I still think so but if you guys can use it at a profit...I sure am very happy to learn about it !

Have fun !
It's all about your stomach lining...
  • #313,485
  • Oct 25, 2010 3:41pm Oct 25, 2010 3:41pm
Fundys are in flux again, I said all along the EZ debt crisis hasn't disappeared into thin air...
  • #313,486
  • Oct 25, 2010 3:42pm Oct 25, 2010 3:42pm
The government sold $10 billion in five-year Treasury Inflation-Protected Securities at a negative yield, the first time the yield on the maturity has come in below zero. wsj
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #313,487
  • Oct 25, 2010 3:42pm Oct 25, 2010 3:42pm
It's hanging off the 200ma on the 15min... If this cracks, heading down Fib

P.S. Cross of 50/100MA in next 15min candle approx... Could be interesting if breaks

Quoting FibbinArchie
I dunno Pipper, I can see a lot of braiding on those MAs...
Disclaimer: Check your 1m charts
  • #313,488
  • Oct 25, 2010 3:42pm Oct 25, 2010 3:42pm
Quoting patmarch
I use volume in stocks as a very powerful tool for breakout confirmations as the volume actually means something...I was just completely numb to forex volume so far being sure it was a worthless piece of info...I still think so but if you guys can use it at a profit...I sure am very happy to learn about it !

Have fun !
Most people think the same, Malc will show you the way....
  • #313,489
  • Oct 25, 2010 3:45pm Oct 25, 2010 3:45pm
Quoting pipper
It's hanging off the 200ma on the 15min... If this cracks, heading down Fib

P.S. Cross of 50/100MA in next 15min candle approx... Could be interesting
Yeah I see it, 50 about to cross below 100 also... Trouble is you'd be selling right into that trend line...
Attached Image (click to enlarge)
Click to Enlarge Name: EU strong Support.jpg Size: 239 KB
  • #313,490
  • Oct 25, 2010 3:45pm Oct 25, 2010 3:45pm
Quoting rookie001
I see why hatch tried to end the discussion so decisively ...

50MA is sure looking down but price has strayed a little farther from MA itself ... so I am doubtfully expecting a pullback to MA to confirm down trend ... or I will wait for the asian session to go bull.
what? i hope you didn't get the opinion i'm that analytic. i'm reading a book right now
  • #313,491
  • Oct 25, 2010 3:46pm Oct 25, 2010 3:46pm
Quoting PayTheLimit
still short...tp now 3950..
covered at 3970, -5, I have had enough today headed for some sleep....
Look Sharp/Trade Tight
  • #313,492
  • Oct 25, 2010 3:47pm Oct 25, 2010 3:47pm
Has crossed now but still no sign of sellers and still supported by 200MA... Could be a long from here..

Need to see how it reacts over next 15-30mins



Quoting FibbinArchie
Yeah I see it, 50 about to cross below 100 also...
Disclaimer: Check your 1m charts
  • #313,493
  • Oct 25, 2010 3:55pm Oct 25, 2010 3:55pm
Quoting pipper
Has crossed now but still no sign of sellers and still supported by 200MA... Could be a long from here..

Need to see how it reacts over next 15-30mins
Also some fib ret confluence from the last impulse wave up and major swing up. Maybe hold off and see what Tokyo wants to do....
  • #313,494
  • Oct 25, 2010 4:09pm Oct 25, 2010 4:09pm
Quoting Mr Hatch
what? i hope you didn't get the opinion i'm that analytic. i'm reading a book right now
analytic ... not ? who is ?
  • #313,495
  • Oct 25, 2010 4:12pm Oct 25, 2010 4:12pm
1.3905 looks like the next stop here...
  • #313,496
  • Oct 25, 2010 4:13pm Oct 25, 2010 4:13pm
Yes, patience is key

Quoting FibbinArchie
Also some fib ret confluence from the last impulse wave up and major swing up. Maybe hold off and see what Tokyo wants to do....
Disclaimer: Check your 1m charts
  • #313,497
  • Oct 25, 2010 4:18pm Oct 25, 2010 4:18pm
eu has been rejected 6 times now above 1.40.........there is simply not enough demand above that level to warrant higher bidding.
Attached Image (click to enlarge)
Click to Enlarge Name: euoct24c.jpg Size: 133 KB
  • #313,498
  • Oct 25, 2010 4:23pm Oct 25, 2010 4:23pm
Quoting mfoste1
eu has been rejected 6 times now above 1.40.........there is simply not enough demand above that level to warrant higher bidding.
i am asking myself, if 1.4 is enough to improve us-data significantly. the monthly tl sits only a couple hundred pips higher, but that value would hurt ez dramatically.
  • #313,499
  • Oct 25, 2010 4:25pm Oct 25, 2010 4:25pm
Simply
If u don't know why 1.4050 most important Then u know nothing about what's going on.
  • #313,500
  • Oct 25, 2010 4:25pm Oct 25, 2010 4:25pm
Quite an interesting observation someone made earlier...
Attached Image (click to enlarge)
Click to Enlarge Name: eu poss new bear channel.jpg Size: 122 KB
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