CL Redux

Quote from schizo:

Far be it from me to tell you otherwise, but be careful. The trendline you see in the chart I posted above looks extremely vulnerable.
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Agree, stop will be below daily trendline sunday night. The way they closed this thing appears they pretend that 8072-74 never got broken. Will close out today if the indexes close at their lows.
 
Quote from Speciaul_K:

Agree, stop will be below daily trendline sunday night. The way they closed this thing appears they pretend that 8072-74 never got broken. Will close out today if the indexes close at their lows.
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You should NOT see a head fake on a major TL. That in itself means that the bulls are backpedaling. But then again, who can know for sure in this crazy market?
 
Quote from schizo:

You should NOT see a head fake on a major TL. That in itself means that the bulls are backpedaling. But then again, who can know for sure in this crazy market?
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The part im looking at is they didn't close at the low but .80+ from the low. With the trendline violated cl should breakdown in the following 2weeks. Think back to Thanksgiving
 
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