Let's see if we can do better posting this week than last week...

And now we see why it looked like that. Down it goes. I have two levels I am watching in here. First, around 65.50-66.25, and 61.75-62.25. Center of areas, of course. That means the outer bounds of the first area have now been hit. Keep in mind, these are areas for the degree of swing we are in now. If a higher timeframe influence takes over, then I have to look to those levels, and they are much lower. More to come if I see something worth posting and I'm in the mood to post...

Originally posted by jimkane

My point is, notice the beautiful ABCD here. I have areas overhead it looks like it wants. And it looks 100% like it is about to be crushed into dust right from here, price-action-wise like it is about to literally implode any second. Isn't that all curious?

Nice move up off that area so far. Got to love it.

I think we started trend down. Today is probably critical day for new bessa. They just postponed it on new year

Originally posted by sirios

I think we started trend down. Today is probably critical day for new bessa. They just postponed it on new year

sirios, Could you tell me what bessa is, please?

Thanks,

Al Kamego

Nice chart rat.

DBS failed - sign of weakness, imo.

Al Kamego

I'm sorry Albert. I was thinking it is english word. Bessa is a slump.

Originally posted by albert

Originally posted by sirios

I think we started trend down. Today is probably critical day for new bessa. They just postponed it on new year

sirios, Could you tell me what bessa is, please?

Thanks,

Al Kamego

Originally posted by sirios

I'm sorry Albert. I was thinking it is english word. Bessa is a slump.

Originally posted by albert

Originally posted by sirios

I think we started trend down. Today is probably critical day for new bessa. They just postponed it on new year

sirios, Could you tell me what bessa is, please?

Thanks,

Al Kamego

Thanks, sirios. You know english better that I do. It is always a good day when I learn something new. Best Wishes to you and all for a Happy New Year.

Al Kamego

Albert I wish you fantastic slump (which I think we are starting) through whole year .

Thank you, thank you.

Best Wishes,

Al Kamego

In my opinion they did what wanted to do. Last move up before close was to keep faith into rising. Globex will sent SPY back below 200 daily moving average. We will also see pretty “island reversal” on daily chart.

They have long term plan and executing it. I think currently they have full wallet of shorts. Probably they see bigger money in bankruptcy European Countries then in printing money.

Of course „We will see”