If we creep over 10600 on the DOW, or 1121 on the S&P.. we could pop higher quickly. If we lose 1111 on the S&P, or 10495 on the DOW, we could plunge hard. In between those brackets, we're in no mans land.
Triangle of Dow Joneshttp://niftychartsandpatterns.blogspot.com/2010/07/triangle-of-dow-jones.html
afternoon all,covered yesterdays short for 6 points and flat.i was looking for a bit more but nothin doin.that was very anaemic if that was it! a break back above 1112 and its gonna be buy time again for me.
Still say we hang around here until Fri. Then?
Where are all the bloggers? My two-cents is down now for a few days. Interesting chart, San.
boring day ... not much going on.
FWIW: FROM: BLOG: http://www.trade-in-harmony.blogspot.com/I went back and looked the time cycles and their relevant strength, and their strength manifestation in the past. They shall cause serious decline, not consolidation.Therefore, I must forewarn you that we have a serious and very strong sell-off coming. We shall have a catalyst from some kind of failure relating to debt (yeah, right), either sovereign or US or some state or a big institution, which shall blow up and hit the financial market with sudden impact.
thanks SamIts NOt a matter of IF, but simplyWHENAnd that WHEN is damn close byJay
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