Prior channel target 1300 and 1330.
My original thoughts was that with one more day of these steady push up shenanigans, bears will throw in the towel tomorrow before the weekend. Maybe Europe will be saved AGAIN!
Thursday, October 27, 2011
Previous max target on ES was 1292
Prior max target was 1292, ES cleared heavy resistance at 1284.
Prior channel target 1300 and 1330.
My original thoughts was that with one more day of these steady push up shenanigans, bears will throw in the towel tomorrow before the weekend. Maybe Europe will be saved AGAIN!
Prior channel target 1300 and 1330.
My original thoughts was that with one more day of these steady push up shenanigans, bears will throw in the towel tomorrow before the weekend. Maybe Europe will be saved AGAIN!
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DAX is just about to the midway point of that big multi-month egg resting on the squiggles. The egg is performing eggs-actly as intended.
ReplyDeletehey so your new target is 1330 on the es?
ReplyDeleteHey Simon, I don't think it will get that high, the Fear Factor is at a trend line backtest of sorts, the European hail Mary pass was a dud, and the VOS was far out of the Bollinger Bands. I think this goose is as cooked at bank books. BUT if it does stay above 1284, possible to move up more, then if I am long (not now), I would be thinking of taking profits at 1300 and then if past that, 1330.
ReplyDeleteToday was just a bear and bull boil. As my old sensei used to say.....timing VEEEERRRy important.
Doc send a stockcharts link to that DAX chart of yours if you can. Only useful in realtime, know what I mean!
ReplyDeleteHere you go:
ReplyDeletehttp://screencast.com/t/KH3Fy9N6RM
Hey my friend, so the egg chart of long term still intact or overthrown a bit?
ReplyDelete