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KO
koolblue
Rep: 48,651
Posts: 16,032
Good morning. Doesnt look like i missed a whole lot . this is my last day trading Dec. Tomorrow i switch to Mar. Well , well , i get a kick out of surfing all the blogs. It appears everyone is 'confused ' by this obvious side ways consolidation.. lol. I told you we needed more time. That time is almost over, but i'll wager not quite yet!! Although the major cycles are up into Jan and possibly even Mar.,on a shorter term basis, the next good cycle lows will probably hit right before Christmas! Is nothing sacred anymore? LOL. For today or tomorrow, im looking for 1079-1081 to be kissed before any real rebound .DOESNT HAVE TO , BUT I JUST THINK IT WILL. Here's a look at some areas to keep an eye on as we start the day....
Click image for original size

KO
koolblue
Rep: 48,651
Posts: 16,032
Click image for original size
.. ORDER FILLED AS I WAS POSTING..out both at 1089.50.. plus 4 total..up a whopping 2 on the day
KO
koolblue
Rep: 48,651
Posts: 16,032
Why such a quickie? Im nervous on longs cause ..A: the 1080.50-1081 projection from the 1019 high..and B: the 5 min chart has the avg's aligned in a negative position ( 15ema below 54 ema below 100 ema).. so short term im not sure the trend has reversed yet.
KO
koolblue
Rep: 48,651
Posts: 16,032
Well have to run my daughter to work.. back before the close for sure! Good trading all!
KO
koolblue
Rep: 48,651
Posts: 16,032
Click image for original size
KO
koolblue
Rep: 48,651
Posts: 16,032
Well ,basically ,another day of mish-mash,which could last a while yet! When the breakout of the last couple weeks trading range does come, we will have to be on guard for a fakeout and reversal! Hope everyone had a good trading day!