Welcome back everybody! I just returned from my longest holidays in many years. And it looks like the best trading action of the year started just after I left and lasted for whole that period... Coincidence? :-)
Fortunately charts tell us, that it should last for at least some time to come:
JA
jarek
Rep: 94
Posts: 3,474
Well - it started innocently, but bulls can't regain control so far:
But the decline is still very shallow comparing to the preceding 80 points rise.
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But the decline is still very shallow comparing to the preceding 80 points rise.
JA
jarek
Rep: 94
Posts: 3,474
Another unsuccessful attempt to get above this downsloping upper ML:
If major ML of this set is now the target, then it may be not a pleasant day for bulls...
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If major ML of this set is now the target, then it may be not a pleasant day for bulls...
JA
jarek
Rep: 94
Posts: 3,474
We shall see the intentions for the day from the way, the following bullish abcd plays out:
If just to the same line - bears should rule today
Click image for original size
If just to the same line - bears should rule today
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek
If just to the same line - bears should rule today
Here comes same line again and in an abcd fashion. Now we see:
Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
... and we saw :
Our not so nice bullish abcd played out fully already despite dismal confidence report
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Our not so nice bullish abcd played out fully already despite dismal confidence report
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jarek
... and we saw :
Click image for original size
Our not so nice bullish abcd played out fully already despite dismal confidence report
jarek,
Good one!
Al Kamego
