Sorry for so much stuff on this chart. But if the right shoulder develops we could have a good shorting opportunity if the neckline also breaks. Worth watching for monday
Actually I didn't mean that. I believe this is a bear market rally that MAY be reaching it's peak. Take a look at this definition and perhaps my analysis will make a bit more sense.
"A bear market rally is a sharp move up in the context of a larger bear market. Bear market rallies will show themselves after a strong washout sale has occurred."
I'm trying not to use the Forum as a Blog. I felt I was posting too much.....
Oh, come on, Bill! I look forward to your posts, and has been made quite clear, so does everyone else. When you see "Shut up you senile old codger!", then you'll know that you've been posting a tad too much.
TAfool
Charts are never wrong, but the chart reader often is.
A-yo good call. I tried to use my system to make a short-term call and it looks like it was more of a near-term call. If this pair goes down inwhich it should. It will go through a momentum support. (new term) my system so I can call it what I like. but seriously when it goes through this area it either drops like a rock or blast off like a space ship. lets see if it does the same thing on smaller time frames. the area of intrest is around
Hey Money
At the time, I felt we were in the process of a wave 3 or C, couldn't pass up the trade. I like the Clash of the Titans-type comp among friends. Seriously though we have to make more money together rather than not.
Currently appears to be a good shorting position with very peaky and crossed ( 3 Hr ) RSI's, and wave count suggests that we have a 5-3-5 short-term corrective in its final 5 wave down movement.
If we break through the trend line shown some good opportunities for today and Monday.
Hit my target on that last trade on that lovely drop,
thats me for now, that drop was just enough to finish off a good trading day
Hope your target was reached
Take your profits or the market will take it from you....
Thanx Colly
Finally another look at the long term trend. It looks like we've been in a bull market rally since July 1st 2008. Makes you go, hmmmmm. I think we are all riding a meduim term bear trend, yes, no?
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Originally Posted by Mary R
Posting Permissions 
bill target stop !!!!!!!
