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You, hate to say I told you so 1068 by the open..
2bit
I am done for the day...looks like oil is on fire but finance is putting a damper on the rise today...
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Woohoo, fireworks today..initial claims and continuing claims are both better..
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Foot,
What is your top call number now? I lost track...LOL
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Where do you find the Land of OZ? You mean unemployment of 9.8 rather!!
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You will get to 1068 by the open tomorrow???
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Looking into the future...
At time of writing, future is up 10 points, start counting from tomorrow as the first day of rise, if history repeats itself, 10 to 11 days of ascend is the norm. Then it coincides with the Bradley turn date of Oct22.
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Yes, Woohoo,
This should be another leg up...OEX 496 in sight and above...
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AA up AH and futures up...all green
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more importantly, they forecast higher future Aluminium demand
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Two,
today is like July14 and Sep4, if it drops anymore the uptrend is over...which I believe is not done yet..
2bit
If it closes like this today...I have a feeling that tomorrow may be a big up day... AA behaving of course
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Blasher,
I was watching a TV show on a couple of Rabi discussing Christianity and it was just like that. "A kind of Supreme being certainly none like us giving people a sense of comfort!"
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Hook,
You've got me..clever...
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Foot,
Chartpatterntrader and slopeofhope
The two garbage sites. I could not help but take a look at them today. Just pity...they are still preaching bearish scenario. They don't know how to interpret trendlines and channels. Bottomline, if they are not making money the last three days, there is really something wrong with their systems. Actually, that includes evil rat too.
2bit
Well, here we go again to the third target 496. With any luck there will be a new high...
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Den & Two,
The worst could still to come, what if he/she is called Osama?
Ouch!
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Well, my second target 487 reached in second day and going at this rate my third target 496 will be reached by tomorrow. After the cash build up phase...moeny is rushing back into the market...
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You don't have to go to hell to see it, just stay on earth, Pickens predicts oil price to $85-90 by end of year...there you go
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Well, my target OEX 483 reached in one day. Another profitable trade so far. We have come to an important junction, either 483 is exceeded then the next targets will be 487 and 496 in that order. But as mentioned before, it can also turn down from here (483). The probability as shown by AD issues skews to the up side, barring any catastrophic event.
2bit
You Fox,
wait a minute folks do not jump to conclusion, a downard sloping chnnel is at the least bullish it may break to the upside ...
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Gleno,
do it everyday I was long Friday and today..with gains
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I will remain a lazy butt hole..LOL
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Foot,
Chart pattern trader and slope of hope are worst information sources one could get..garbage
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Just my 2bits
Ya, like someone once said "all you need is a pen and a ruler to make a million"
The retracement for the upleg of Sept3 stopped right at the mid-point of Fib 618/786. That's where I find most dramatic reaction will do. (perhaps someone can offer an explaination why the mid-point?) Now, the rebound from here is expected to go up to the upper bound (OEX 483) of the down channel from Sept23. That is exactly 382 retracement. The deep blue line is the long term up trend line from Mar9 low to present.
(1) The bulls argument
The downward channel is bullish and it will break out of the OEX 483 area and will continue to go up
(2) The bears argument
382 retracement is all that bulls get in a down trend and besides it has to finish the 5th wave inside the channel (may be someone can explain this one) and retest the long term blue line at OEX 470 for any meaningful bounce and if it falls out then bears will come out of the woods.
Place your bets folks. From here to OEX 483 is a high probability trade and beyond that is anybody's guess.
2bit
Not necessarily gap up, as long as Monday's low is not lower than today's low (Approx 473). It is in MCO bounce territory, first target OEX 483.
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Mind you..many have predicted this be the last leg up before the fall in mid-Oct...may be after earnings...
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It will bounce on Monday, OIH AH up close to $2 already..if it holds that is...
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You, prophet Issiah, did you buy the dip? I bought and out with 20% gain....like Blasher says out and release of stress...the market is weak..
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Colorado..
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Or Steep Lies-man to be exact...LOL
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I am looking for cash for reaction bounce...they can fiddle politics all they want...as Rome burns I am looking for a few good pebbles...
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You,
your gap down will come true...
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Folks,
Have you look at the closing TRIN yesterday? The last two times at that level was around July3 and Sep2 and see what happened afterwards.....another rally to new high...
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Oman,
VXO is also out of BB...Bears are castrated there after every time..
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Make sense.
Boy, my orignal two OEX targets (480, 475 almost)reached in one day. I think OEX 475 is it for this burn. So reversal Friday or Monday make sense.
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Yep, oil is rebounding...just for the day
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Fox, thanks for the heads' up...its oil
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two, it is turning for the day but I doubt if if will go higher than oex 483...if it dares 485ish I will short again
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Gleno,
I have a feeling that it may fall to your weekly 1022 before it bounces...may be by Friday
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