Friday, March 09, 2012 1:54:24 PM
Hi Bob
I don't know if this current correction is complete but it looks like it might be. One way to look at it, the Ted Line held at 1338.80 on this drop and that is very bullish.
Here is the weekly chart which I just posted at northam's request on snoot's thread, so I will post it here. We are forming a very bullish weekly candle (sledge hammer, anyone?), these are the forks I have on my daily chart but they sure look steep here but lets see what happens going forward.
Be careful fighting the tape just because you feel the market is manipulated.... that has been the case for awhile and I do not see changing anytime soon...
I don't know if this current correction is complete but it looks like it might be. One way to look at it, the Ted Line held at 1338.80 on this drop and that is very bullish.
Here is the weekly chart which I just posted at northam's request on snoot's thread, so I will post it here. We are forming a very bullish weekly candle (sledge hammer, anyone?), these are the forks I have on my daily chart but they sure look steep here but lets see what happens going forward.
Be careful fighting the tape just because you feel the market is manipulated.... that has been the case for awhile and I do not see changing anytime soon...
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