01-12-2012. market sending mix signals as it has been doing over 10 days. CL Pulled back on job cliams and retail sales, and now cl up as dxy pulled back hard and may make an A down.
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The ACD Method
- Thread starter sbrowne126
- Start date
Quote from Maverick74:
My monthly A up for XLF is 13.93. This will be a key tell here as the market is exhausted. If we confirm on the financials, you better get ready to buy this market for the next leg up to 1330. If we fail here, we might get a much needed pullback.
I'll be attacking FAS if we confirm on the financials.
This is my tell today guys. Watch the action in XLF. We are having some trouble getting and holding above this level. This is your tell. Watch that level.
Weekly A up in the Euro is right here at 1.2839. Solid A up overnight though in the currency.
Quote from Maverick74:
In contrast to yesterday where not a single one of the 28 sectors was making an A up or A down, today we have 23 making A downs.
... and we're close to a ton of the Monthlies, telling me we probably aren't confirming today...
Do you think this puts a failed monthly A up in play Mav?
Ouch! Grains! Bloodbath.