Market Outlook

Quote from GrandSupercycle:

EURUSD leg down commences.
More...

It commenced last night! Thanks for the day old weather report (once again). Really helps me to know what happened 24 hours ago.
 
Quote from GrandSupercycle:

SP500 daily chart continues to break down and influence from bullish USDX
weekly and monthly chart returns.
More...

That is not what you said at 4:45 when you said the sp500 "rising" wedge remains valid.

CYBER STALKER WARNING: Following Grandsupercycle's cyber stalking threads on ET with his directional advice will result in you losing money like I did. He is consistently wrong and gives convoluted projections. He has been stating that the market will enter a black swan waterfall since Feb 2011 and has missed it everyday for almost a year now. That is a year of giving bad advice as his black swan has never materialized. He doesn't even trade the S&P 500 and if he did he would have lost everything a long time ago. He has a communistic approach to what he says. Be forewarned.
 
SPY, QQQ, IWM are all near their highs of the day and have been trading in an uptrend for the past hour. Crucially, they're above their opens, so folks who shorted at the open are feeling pain.
Expect a post sometime later saying that the bullish countertrend resumes, or something like that.
 
DAX weekly chart as of Jan 28 shows probable rising wedge.
When confirmed, it’s a bearish pattern.
2012-01-28_dax_wk2.png


BE ADVISED: Nine_Ender and bc1 are sockpuppets.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
 
You must log in or register to reply here.
Back
Top