I remain bullish untill the market tells me not to! But...
might want to keep an eye on Demarks pivots today
KO
koolblue
Rep: 48,651
Posts: 16,032
remember to click on the chart twice to see the whole thing!...c ya!
BR
BruceM
Rep: 216,211
Posts: 19,895
many times when we have a big move on the day before a report, the day of the report is fairly lifeless.....either we we may expect some consolidation....one of those sell the rallies and buy breaks after trend day ....at least early on...I'm hoping for a gap higher open again today to look for sell...thanks for all the great charts you have been posting since the new year kool!!
DU
dubhasa
Rep: 40
Posts: 7
Thanks Koolblue. Great chart.
BruceM,
Do you give any importance to extraneous events link POMO schedule, Bernanke's appearance somewhere etc?
BruceM,
Do you give any importance to extraneous events link POMO schedule, Bernanke's appearance somewhere etc?
OP
optimusprime
Rep: 1,350
Posts: 147
there is a lot of AIR under pricing right now, i would like to see the market cover the gaps down at 1270 before moving forward. we really don't have any quality market structure to support this price level in my opinion. i am short @ 83.00 looking for a 77.50 target on the open.
BR
BruceM
Rep: 216,211
Posts: 19,895
as long as we don't get a thirty minute close under the ON low then we will get gap fill up......My prefered trades are to sell the first rally up today as long as we go above the close of YD...81.50 is a strong magnet to be leary of or to use as a target



