This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 4 March 2012
It is possible a sharp correction could take this form (matching wave) and find support at the 10x2
Yep TA nowadays seems increasingly to be about second-guessing the CB's and what they are going to do next to prevent a correction.The video on silver was a real eye-opener for me.Even the bears now are only expecting small pullbacks.Depressing but it is what it is. Good luck with the blog,nice charts and happy to link it .
Yeah, that'd seem right. That'd be somewhere around sp'1260 equvilent I believe.
ReplyDeleteWorse case for bears, thats 'all' we get, it lures them all in, and then WHACK! Off we go up again once we move into April/May.
Of course, best csae, maybe we hit that level, minor 3-5% bounce, before forming a lower high.
Interesting week ahead!
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*ps. thanks for adding my little blog to your regular list.
I've been following your blog for almost 2 years now, hope I can add something to the wider community in the coming months.
good wishes
Yep TA nowadays seems increasingly to be about second-guessing the CB's and what they are going to do next to prevent a correction.The video on silver was a real eye-opener for me.Even the bears now are only expecting small pullbacks.Depressing but it is what it is.
ReplyDeleteGood luck with the blog,nice charts and happy to link it .