I am counting on a rally. I just stood on my head and Bquat's chart don't look that bad.
I am counting on a rally. I just stood on my head and Bquat's chart don't look that bad.
In Dog Beers I've only had two.
I went back to 2000 and tried to chart the SPX over the 22 trading days in December to see if there's such a thing as a December/Santa rally and I'm not sure if there is? I'm still hoping that as politicians (mostly the Europeans) and their ilk start going away for Christmas, we may have some quiet news days and the market in the U.S. at least can rally a bit.
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Possible but I do not like this hovering at the 1218 range this afternoon. Maybe it's time to combine the upside-down readings of WorkFE and the liquid refreshment of Nasa!?!?! Nah...I'm way too old for that drunken behavior...but it was fun when I was younger and stupider
Coin toss day again. We are comming up to a wall. The top of the channel has acted as major resistance and the bottom of the flag acts as support. We can gap up and head up to 1230,1236 or more
, or we can drop to 1206 or 1200 or gap fill which is worst.
Little bear is unpacking and settling in. We're in a Bear flag, the bullish move was rejected at the top of the flag and the top of the channel and set up a low base at the bottom of the flag.Little Bear 60/40 bearish.
Little Bull says if we can just open green like the last two days we'll be above the red line. I disagree with him because the red line will act as resistance right at the top of the move. So gap or nothing.Either dirrection in reality could happen. Me myself call tails (down). This is Friday, why do they do this to us on Fridays.
Too much can change over a weekend lately.Let's pop the 1232.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Quick heads up! Two things happening that ar Bearish. Looks like the last move up was a false breakout of the yellow triangle and we just made a H&S pattern. Little bear is 70/30 Bearish.
Just a quick chart before Christmas vacation activies with grandkids.
Not entering today.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I guess I still contrary to the tracker. A lot are entering and I'm still out. Must be Spidey sense and capital preservation. Little Bear see's Bear Pennant forming. I for one don't think the dip's finnish otherwise we would see 2% bounce off support. Here's what I'm showing. Prior support becomes resistance and we didn't even get to that, so I drew a new resistance line.
Contrary post welcomed. What are you guys seeing?
PS Activities have cancelled because of rain.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I am still out as well (50g50f) and looking at 1202 or 1196ish as support marks. We hit 1209 for a second today and now are hovering in a very narrow range. If the bulls don't come out very soon it could be a bad afternoon. Hope things get better soon but I am glad I am out.
Also...check out the action on the VIX
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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