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.
Friday, 6 April 2012
post Jobs number breakdown
While most traders on holiday....a breakdown.Who woulda thunk...?
CR... buddy... am I going nuts or am I really seeing that the futures fell off the cliff? Here's a screenshot I took from ForexPros. Someone tell me I'm not hallucinating. If this is the case, the markets would open on Monday having penetrated into the air pockets below.
Mike I hope you don't forget to follow PRICE which as you so often lecture us mere mortals is the only truth.Lets see what PRICE is telling us on Monday but it looks to me like we got a breakdown from the rising wedge.In classical TA that would target 1150,the base of the wedge but in Bernanke's universe bears have learned that normal rules don't apply...as your friend TBone would say "game on bitchez" ?
CR... buddy... am I going nuts or am I really seeing that the futures fell off the cliff? Here's a screenshot I took from ForexPros. Someone tell me I'm not hallucinating. If this is the case, the markets would open on Monday having penetrated into the air pockets below.
ReplyDeleteDow Futures are down 78 and well off the lows.
ReplyDeleteYawn.
hey AR yes looking that way..I took a long hedge with the Dow on Friday against my FTSE,Cac,Dax shorts,and I am happy to say it was stopped
ReplyDeleteMike I hope you don't forget to follow PRICE which as you so often lecture us mere mortals is the only truth.Lets see what PRICE is telling us on Monday but it looks to me like we got a breakdown from the rising wedge.In classical TA that would target 1150,the base of the wedge but in Bernanke's universe bears have learned that normal rules don't apply...as your friend TBone would say "game on bitchez" ?
ReplyDelete