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"...I do not expect huge growth or drop in oil, however high volatility is quite possible. Significant growth is not too probable since OPEC has huge unrealized potential and will be happy, if they are happy with prices. On the other hand in a inflation-waiting world low price combined...

Weekly one looks much worse, one straight line <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2689196>

Anybody into selling EUR this week? Failure to break on 8 hour chart, Daily hammer, not looking good for upside.

No disrespect intended, but I fail to see the benefit from mixing USD+oil+stock index's data into 1 graph. I wanted to combine data from world equity markets :)

you could mix anything, but why would you want to do this?

I am working on it right now to take it to start of 2009+add more indices, suggestions?

updated 6 composite index :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2687701>

Happy new year to all ET members, may it turn out to be more prosperous than 2009, but what's more important is that we are happy and healthy, so all the best to all as always!

Eur bouncing of weekly support line on the weakness of yesterday's USD close.

Intraday levels are pure noise to weekly/monthly bars, there is little difference between indicators & lines, it's a matter of choice & application. Support & resistance levels get broken pretty much every day, so how do you distinguish which ones to pick?

AMEX composite <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2686428>

Why do you suggest that it is manipulated? Because it ain't going down as we want it to? Volume in box 1 pre-crisis time was less than what we are seeing now in box 4. Market conditions may change, but I now fail to see where manipulation comes from if volume is present, do you see professional...

It's a choo choo. On monthly chart October was a bearish Hammer with tail top at around 1102 SPX, it is getting negated by December's close. So I didn't really understand Buy1Sell2's reply regarding not convincing enough price action, it pretty much swallowing any bearishness in stocks.

I don't really watch much telly nowadays, but whenever I do I seem to notice We Buy Unwanted Gold For Cash type adverts. Not sure when this craze started out, perhaps we will have some sort of currency crisis next. Somebody is getting ready for it.

few months of congestion can be considered a form of pullback. So as far as you are concerned it's not enough for price to BO to another level, it has to match other factors?

what are you waiting for?

Buy1Sell2, why didn't you trade current BO?

what was the volume? I am guessing it was thinner than average.

Amazing song :)

Well, what's wrong with that? We've tried the other way for thousands of years & it has always led to conflicts. What I suggested is utopia I agree, I don't support NWO regimes forced down our throats. I am simply saying that if we were 1 society sharing 1 language, 1 religion, etc, then perhaps...