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Dollar Resistance
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Dollar Resistance

by The MoleOctober 26, 2009

The ole’ buck seemingly popped a bottle of Canadian Viagra this morning and mustered the equivalent of a currency hard-on:

I would recommend that if you’re long the buck (or short the Euro) you take profits once/if we reach 76.3.
[some content removed upon 3rd party request]

2:30pm EDT: Here’s my new short term SPY channel for my stainless steel rats:

I would like to see a little bounce here, at least to the center line before I entertain the notion of any short positions, even vertical spreads. Of course if we drop through the lower boundary the jig is up for the bulltards.

UPDATE: 15:00 EDT: Berk here:

Just mentioned this little diddy here to Mole.  Posted it on Saturday, here is the current.

Careful says the fractal...

Careful says the fractal...

All three fractals showed a slight RSI dip in the bottom (no divergence), pushed the lower BB, and met resistance at or above the 1.382 fib extension (1058).  Just a word of warning from the friendly Berk-bear.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Hanuman

    Next wave of selling is starting …..

    GL fellow bears !

  • AS2009

    “odds fall off sharply after 76.35” – can someone tell me what that is on UUP ?

    Mole – my resistance on UUP was 22.59 – which is also the 20 MA daily … and then a trendline @ 22.61 ..

  • TheMacroEconomist

    Spot on post there about DXY. Mole. Top of the 10-day value area overlay for DX is 76.38, that's about 76.25 on the underlying DXY I think.

    First tho DXY has to sustain 76.00 today.

    Been fascinated by Zero Lite action over past 2 hours even before you popped that trendline up there. 😉

  • raised_by_wolves

    This fits better with Mole's Make Or Break post, but the party is over here now. Make or break goes both ways for the bulls and the bears. Mole made it pretty clear what the bears have to do for starters—break the damn rally trend line. Of course, this is easier said/drawn than done.

    I want to point out that bulls have their work cut out for them too. I'm charting the Dow Jones Industrials.

    http://screencast.com/t/VJsuuiCea53c

    First, the bulls have to hold the lower solid green trend line or get back above it in the event of a break down. Second, they have to break out above the overhead dotted purple trend line. Third, they have to break out above the dotted green trend line. Fourth, they have to break out above the solid upper green trend line. Based on my chart, an ambiguous goal for them would be to rally to the upper dotted purple trend line at about 12,500. I am not saying they can't do it. I am saying that it will be difficult to do. Getting above 10,500 is the most difficult part.

  • PRSGuitars

    Pretty sure that was the divergent push lower on EUR — and the DX top for the day — just a guess… might get Annas squeeze though soon.

  • TheMacroEconomist

    I think 76.35 DXY would be about 22.72 on UUP. Can someone more into UUP confirm this?

  • http://trading-to-win.blogspot.com/ DavidDT

    cannot resist when I see those lips
    http://screencast.com/t/nj0h6SkIqn8Q
    pullback soon likely
    so far that 22.20 line in the sand held up very well (on daily)

  • newbear

    Would love to get squeezed by Anna.

  • PRSGuitars

    Hitting beginning of reversal on DX (zone/area/whatever) as well as previous major area (swing top i think) on EUR — likely bounce in EUR and equities, just my warning…

    perhaps Anna is right though, a DX squeeze seems probable at some time…

  • thunda72

    Interesting interview with Roubini:

    http://www.indexuniverse.com/sections/features/

  • upld2

    Liesman says that the bank's equity will likely be wiped out under Barney Frank's “too big to fail” resolution for the preemtive unwinding of banks now being introduced in the house of commons.

    http://www.reuters.com/article/politicsNews/idU

  • TheMacroEconomist

    5-day swing top, but 10-day has further to run (up to about Retracement Levels area).

  • anthem

    oh yeah, new low. . . c'mon punch through so we aren't looking at a double bottom today. . .

  • malusDiaz

    What lasted a Day before, Lasts a year now…

    in 1720 during the Mississippi / South Sea's Bubble, when the paper of the time fell from 1000$ to 500$, a rumor / spark causes it to surge to over 700$, every large holder of paper showed up in the alley, and sold it, plummeting to less then 400$ that DAY.

    it would close less the 100$ a few months later. (Extraordinary Popular Delusions and the Madness of Crowds)

  • centerline

    Nice, new low. Next gap fill down please.

  • malusDiaz

    that EUR/USD leads the way!

  • AS2009

    Thanks David :) … where would you be expecting a pullback to ?

    Also, it seems like you are expecting this wave to goto 22.65-22.66 … like Macro is …. is that right ?

  • http://www.genxantihero.blogspot.com LostIllini

    Does anyone know if the VIX buy signal is going to be generated today?

  • gannsecret

    This May be one of those times to ignore the signal, why ?
    as the market starts a new die wrection it can be wrong for days FWIW

  • http://www.genxantihero.blogspot.com LostIllini

    Did I miss the market breaking a long term trendline?

  • PRSGuitars

    Another heads up — SPX bounce trigger — met the 133.3 extension criteria to downside of the bottom half of THE WHOLE BIG RALLY CHANNEL — ie, this was a fakeout unless we push lower here.

    HEAR ME YOU BEARS — BEWARE UNTIL THIS THING SHITS ITS BED FOR SURE. I just don't want to get boned once more!

    http://screencast.com/t/kPVlvQiw2

    closeup– http://screencast.com/t/20P9ZALULyh

  • gannsecret

    not on my chart yet, those who use Log charts may have

  • gregn

    Your charts are too simplistic.

  • dollar

    At one TD Bank in downtown Manhattan, greeters are emptying the branch's coin-counting machines, known as Penny Arcades, 30 times a day as people break open their piggy banks to pay the rent.

  • http://www.evilspeculator.com berkshire

    No signal on $VIX will be generated today (unless we close above 28)

    Skål!

  • upld2

    Mchugh midday……..

    Stocks have been volatile Monday, falling 122 points mid-day, reaching the downside price objectives of the small 2-day Head & Shoulders Top pattern we showed over the weekend. Prices have likely completed wave b-down of (E) up, meaning wave e-up is next. That rally could start at any time, and may have started. The next rally leg should be the final move up for the rally from March 2009. Because this will be the spike rally leg of the Rising Bearish Wedge pattern, it could be a sharp and impressive rally as far as price goes. However, the internals — volume, advancers versus decliners, and momentum — could be unimpressive. The alternate possibility is wave (B) up has already topped. That is a lower probability at this time.

    We have annotated updated charts mid-day Monday for the S&P 500, Industrials, NDX, and Canada's TSX in the Australia Daily Report which is now available at http://www.technicalindicatorindex.com

    Mid-day Monday, Oil is down sharply, off 1.50, Gold is down 12.9, and Silver is down 0.58.

    Our New Halloween Subscription Specials include a 13 months for $249 special rate, and an 11 months for $229 special deal, available at the Renew Today or Subscribe Today buttons at http://www.technicalindicatorindex.com

    We will have more for you in tonight's Monday Newsletter.

    Best regards,

    Robert McHugh, Ph.D

  • PRSGuitars
  • PRSGuitars

    TICK also trending up through 2pm afternoon session

  • gregn

    I was just kidding.

  • insite

    i think i just popped a blood vessel in my brain

  • PRSGuitars

    haha i know — i take it as sarcasm since i often have 1,000,001 lines on my charts — hopefully I can catch the events before they occur, ex post facto is ex post fucking worthless. That's the real challenge with so many lines.

    The benefits outweigh the risks, though, I can assure you. I cannot begin to describe the insanity my charting platform brings me every morning in terms of coincidences; it's my job to try to harvest them as best as possible and understand their origin(s).

  • TheMacroEconomist

    The equity index trade continues to be real sloppy IMO. SPX has now overrun Russell on the way down while the QQQQs are off doing their own thing.

    Big negative TICKS this afternoon but not much price progress. Makes me wonder if the same people dumping at the bid are turning around and buying other stuff at the bid?

    In any case, the 5th to last trading day of the month is living up to its history as the worst again.

  • onorio

    Long EUR/USD @ 1.4855

    ED forming, positive divergence in minor time frames, lowee BB is at 1.4880….looking for a bounce to 1.4920

  • Bart7

    good timing on that, posted at bottom and now we're well off it….

  • AS2009

    Thanks … are there any tgts on his up move ?

  • gregn

    If it works for you that is all that matters. I often find myself having tons of fibs here and there, then I erase all drawings and just slap some simple lines here and there. Simplicity is sometimes better.

  • PRSGuitars

    YES ONO! nailed it…

    scalped long off the same point but been screaming about it for so long I'm glad people are catching it too (knew you'd be on it like a hawk)… Mole's DX reversal pt was a great coincidental confirmation (meaning, co-incidental, not whoa-what-a-coincidence!) of this as a bounce trade, and the RSI was diverging plenty.

    1.4845 is a previous swing top too I think? This should work for 30-40 pips or so, my guess, unless Anna's DX reckoning appears… (which I hope it does, in a way)

  • http://www.evilspeculator.com berkshire

    Update about to come above…

    Skål!

  • http://trading-to-win.blogspot.com/ DavidDT

    careful what u wish for – “she” might be 400lbs male

  • PRSGuitars

    not my fault, my charts have a disclaimer

    it's in 3pt font, helvetica, look in between the little red channel and little black channel

  • TheMacroEconomist

    Just a thought: I think may be more Euro oversold than DX strength. We'll see

  • http://www.hotoptionbabe.com annamall

    Reloading on bounce 😉

  • centerline

    Looking promising so far. Seems like breaking the trend line though will most likely occur via gap down rather than waterfall through it. Typical of this market lately to ride in the grey areas in order to trap as many bulls and bears alike. More than one bear trap has played out this way.

    Here to hoping though…

  • AS2009

    Reloading what Anna ?

  • http://www.evilspeculator.com berkshire

    I forget who mentioned V on Friday, but thank you, that is one sweet trade. Taking some off right here.

    Skål!

  • onorio

    Let`s hope this long works…i was thinking in reload shorts after the bounce but, no pain no gain.

  • anthem

    Probably puts. I imagine she didn't get all her chips in on that last down move and it waitning for a bounce to push in. I might be wrong, but she's a strong momentum player. She'll keep piling on and on and on . .. :-)

  • nugent

    For those thinking about jumping on the short EUR long USD trade, take a look at this chart.

    http://tinypic.com/r/25zgu2u/4

    We seem really extended right here. And that horizontal support, dates back to September of 08.

  • http://www.evilspeculator.com berkshire

    MDR looked good this morning… 😛

    Skål!

  • Cypherd

    Anyone else noticing the volume spike on the Dec $23 UUP calls? It's been high as of late, but today is eye popping. I picked some up on friday @ $0.20, but sadly only got a partial fill. It's traded 34,400 contracts today so far, against 96k OI.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    wouldn't my “green pill” option do just that for the bulls?

  • colonel_bleep

    After the close earnings reports of interest:

    BIDU, DRYS & DTG

    DTG traded as low as .60 in March, now at $24 'n change. Amazing low 7 mos ago in light that the co is slated to report earns of .69 for the qtr!

  • centerline

    Impressive volume on BAC.

  • newbear

    AMZN puts looking so tempting here.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    Berk, fratal wise follow this reasoning

    Boost wave 5 beyond it's natural end (880 to 932 in may, 1019 to 1080 recently)

    take the A wave down to natural end o wave 5 (880 in may, 1019 now)

    Boost the wave B to extended (1057 in june, 1101 now)

    take a 5 down with 1,6 of A … 870 in july, 1000 now

  • CorporalCarrot

    I really thought they were trying to buy it up into the close there, but it just withered on the vine.

    I guess at some point, blindly buying the dips is going to fail?

  • http://dreadwinaard.livejournal.com dreadwin

    Tried to post before the close, but Disqus wouldn't have it. Went long DRN at 118.75. I think IYR goes up tomorrow. Maybe.

  • http://www.facebook.com/screasy v8muscle

    Perhaps someone more experienced than I can answer this question….

    WTF is up with SHLD??? look at 5 min 20 day. HUGE volume spikes every day at the open. i dont get it

  • http://www.facebook.com/screasy v8muscle

    I have a fckin load of them. Can't wait for that gap to fill. Give it another 3-4 days

  • clutchshorter

    Wow, there is definitely weakness in the markets as of late. SPY has failed to break and close past 111, DOW can't maintain being above 10,000 for more than a couple of days. And WTH is going on with AMZN. Seems like calm before the storm. Smart money is slowly cashing out while retail investors are buying in.

  • upld2

    He gives some projections in his recent interview with Jim Paplava: http://www.financialsense.com/fsn/main.html Fast forward to about 8:30

    He tells us in his reports that 1120 should be the upside target for this final wave move but that it could truncate and that the internals are suggesting that the recent highs will not be breached.

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • molecool

    That's why I haven't been seeing any of your comments all day – you changed your avatar! Sorry, I'm very visual – I go by faces.

  • Hanuman

    Next wave of selling is starting …..

    GL fellow bears !

  • AS2009

    “odds fall off sharply after 76.35” – can someone tell me what that is on UUP ?

    Mole – my resistance on UUP was 22.59 – which is also the 20 MA daily … and then a trendline @ 22.61 ..

  • TheMacroEconomist

    Spot on post there about DXY. Mole. Top of the 10-day value area overlay for DX is 76.38, that's about 76.25 on the underlying DXY I think.

    First tho DXY has to sustain 76.00 today.

    Been fascinated by Zero Lite action over past 2 hours even before you popped that trendline up there. 😉

  • raised_by_wolves

    This fits better with Mole's Make Or Break post, but the party is over here now. Mole made it pretty clear what the bears have to do. For starters, break the damn rally trend line! Of course, this is easier said/drawn than done.

    I think make or break goes both ways. In other words, the bulls have to get it up, and if they can't get it up, they're done.

    Take a look at my chart of the Dow Jones Industrials.

    http://screencast.com/t/VJsuuiCea53c

    The bulls have their work cut out for them. First, the bulls have to hold the lower solid green trend line or get back above it in the event of a break down. Second, they have to break out above the overhead dotted purple trend line. Third, they have to break out above the dotted green trend line. Fourth, they have to break out above the solid upper green trend line. Based on my chart, an ambiguous goal for them would be to rally to the upper dotted purple trend line at about 12,500. I am not saying they can't do it. I am saying that it will be difficult to do. Getting above 10,500 is the most difficult part.

  • PRSGuitars

    Pretty sure that was the divergent push lower on EUR — and the DX top for the day — just a guess… might get Annas squeeze though soon.

  • TheMacroEconomist

    I think 76.35 DXY would be about 22.70-ish on UUP. Can someone more into UUP confirm this?

  • http://trading-to-win.blogspot.com/ DavidDT

    cannot resist when I see those lips
    http://screencast.com/t/nj0h6SkIqn8Q
    pullback soon likely
    so far that 22.20 line in the sand held up very well (on daily)

  • newbear

    Would love to get squeezed by Anna.

  • PRSGuitars

    Hitting beginning of reversal on DX (zone/area/whatever) as well as previous major area (swing top i think) on EUR — likely bounce in EUR and equities, just my warning…

    perhaps Anna is right though, a DX squeeze seems probable at some time…

  • thunda72

    Interesting interview with Roubini:

    http://www.indexuniverse.com/sections/features/

  • upld2

    Liesman says that the bank's equity will likely be wiped out under Barney Frank's “too big to fail” resolution for the preemtive unwinding of banks now being introduced in the house of commons.

    http://www.reuters.com/article/politicsNews/idU

    http://www.cnbc.com/id/33314791

  • TheMacroEconomist

    5-day swing top. But 10-day has further to run (up to about Retracement Levels area up top).

  • anthem

    oh yeah, new low. . . c'mon punch through so we aren't looking at a double bottom today. . .

  • rosocecasita

    What lasted a Day before, Lasts a year now…

    in 1720 during the Mississippi / South Sea's Bubble, when the paper of the time fell from 1000$ to 500$, a rumor / spark causes it to surge to over 700$, every large holder of paper showed up in the alley, and sold it, plummeting to less then 400$ that DAY.

    it would close less the 100$ a few months later. (Extraordinary Popular Delusions and the Madness of Crowds)

  • centerline

    Nice, new low. Next gap fill down please.

  • rosocecasita

    that EUR/USD leads the way!

  • AS2009

    Thanks David :) … where would you be expecting a pullback to ?

    Also, it seems like you are expecting this wave to goto 22.65-22.66 … like Macro is …. is that right ?

  • http://www.genxantihero.blogspot.com LostIllini

    Does anyone know if the VIX buy signal is going to be generated today?

  • gannsecret

    This May be one of those times to ignore the signal, why ?
    as the market starts a new die wrection it can be wrong for days FWIW

  • http://www.genxantihero.blogspot.com LostIllini

    Did I miss the market breaking a long term trendline?

  • PRSGuitars

    Another heads up — SPX bounce trigger — met the 133.3 extension criteria to downside of the bottom half of THE WHOLE BIG RALLY CHANNEL — ie, this was a fakeout unless we push lower here.

    HEAR ME YOU BEARS — BEWARE UNTIL THIS THING SHITS ITS BED FOR SURE. I just don't want to get boned once more!

    http://screencast.com/t/kPVlvQiw2

    closeup– http://screencast.com/t/20P9ZALULyh

  • gannsecret

    not on my chart yet, those who use Log charts may have

  • gregn

    Your charts are too simplistic.

  • dollar

    At one TD Bank in downtown Manhattan, greeters are emptying the branch's coin-counting machines, known as Penny Arcades, 30 times a day as people break open their piggy banks to pay the rent.

  • http://www.evilspeculator.com berkshire

    No signal on $VIX will be generated today (unless we close above 28)

    Skål!

  • upld2

    Mchugh midday……..

    Stocks have been volatile Monday, falling 122 points mid-day, reaching the downside price objectives of the small 2-day Head & Shoulders Top pattern we showed over the weekend. Prices have likely completed wave b-down of (E) up, meaning wave e-up is next. That rally could start at any time, and may have started. The next rally leg should be the final move up for the rally from March 2009. Because this will be the spike rally leg of the Rising Bearish Wedge pattern, it could be a sharp and impressive rally as far as price goes. However, the internals — volume, advancers versus decliners, and momentum — could be unimpressive. The alternate possibility is wave (B) up has already topped. That is a lower probability at this time.

    We have annotated updated charts mid-day Monday for the S&P 500, Industrials, NDX, and Canada's TSX in the Australia Daily Report which is now available at http://www.technicalindicatorindex.com

    Mid-day Monday, Oil is down sharply, off 1.50, Gold is down 12.9, and Silver is down 0.58.

    Our New Halloween Subscription Specials include a 13 months for $249 special rate, and an 11 months for $229 special deal, available at the Renew Today or Subscribe Today buttons at http://www.technicalindicatorindex.com

    We will have more for you in tonight's Monday Newsletter.

    Best regards,

    Robert McHugh, Ph.D

  • PRSGuitars
  • PRSGuitars

    TICK also trending up through 2pm afternoon session

  • gregn

    I was just kidding.

  • insite

    i think i just popped a blood vessel in my brain

  • PRSGuitars

    haha i know — i take it as sarcasm since i often have 1,000,001 lines on my charts — hopefully I can catch the events before they occur, ex post facto is ex post fucking worthless. That's the real challenge with so many lines.

    The benefits outweigh the risks, though, I can assure you. I cannot begin to describe the insanity my charting platform brings me every morning in terms of coincidences; it's my job to try to harvest them as best as possible and understand their origin(s).

  • TheMacroEconomist

    The equity index trade continues to be real sloppy IMO. SPX has now overrun Russell on the way down while the QQQQs are off doing their own thing.

    Big negative TICKS this afternoon but not much price progress. Makes me wonder if the same people dumping at the bid are turning around and buying other stuff at the bid?

    In any case, the 5th to last trading day of the month is living up to its history as the worst again.

  • Onorio

    Long EUR/USD @ 1.4855

    ED forming, positive divergence in minor time frames, lowee BB is at 1.4880….looking for a bounce to 1.4920

  • Bart7

    good timing on that, posted at bottom and now we're well off it….

  • AS2009

    Thanks … are there any tgts on his up move ?

  • gregn

    If it works for you that is all that matters. I often find myself having tons of fibs here and there, then I erase all drawings and just slap some simple lines here and there. Simplicity is sometimes better.

  • PRSGuitars

    YES ONO! nailed it…

    scalped long off the same point but been screaming about it for so long I'm glad people are catching it too (knew you'd be on it like a hawk)… Mole's DX reversal pt was a great coincidental confirmation (meaning, co-incidental, not whoa-what-a-coincidence!) of this as a bounce trade, and the RSI was diverging plenty.

    1.4845 is a previous swing top too I think? This should work for 30-40 pips or so, my guess, unless Anna's DX reckoning appears… (which I hope it does, in a way)

  • http://www.evilspeculator.com berkshire

    Update about to come above…

    Skål!

  • http://trading-to-win.blogspot.com/ DavidDT

    careful what u wish for – “she” might be 400lbs male

  • PRSGuitars

    not my fault, my charts have a disclaimer

    it's in 3pt font, helvetica, look in between the little red channel and little black channel

  • TheMacroEconomist

    Just a thought: I think may be more a Euro bounce from oversold than DX true strength. We'll see

  • http://www.hotoptionbabe.com annamall

    Reloading on bounce 😉

  • centerline

    Looking promising so far. Seems like breaking the trend line though will most likely occur via gap down rather than waterfall through it. Typical of this market lately to ride in the grey areas in order to trap as many bulls and bears alike. More than one bear trap has played out this way.

    Here to hoping though…

  • AS2009

    Reloading what Anna ?

  • http://www.evilspeculator.com berkshire

    I forget who mentioned V on Friday, but thank you, that is one sweet trade. Taking some off right here.

    Skål!

  • Onorio

    Let`s hope this long works…i was thinking in reload shorts after the bounce but, no pain no gain.

  • anthem

    Probably puts. I imagine she didn't get all her chips in on that last down move and is waiting for a bounce to push in. I might be wrong, but she's a strong momentum player. She'll keep piling on and on and on . .. :-)

  • nugent

    For those thinking about jumping on the short EUR long USD trade, take a look at this chart.

    http://tinypic.com/r/25zgu2u/4

    We seem really extended right here. And that horizontal support, dates back to September of 08.

  • http://www.evilspeculator.com berkshire

    MDR looked good this morning… 😛

    Skål!

  • Cypherd

    Anyone else noticing the volume spike on the Dec $23 UUP calls? It's been high as of late, but today is eye popping. I picked some up on friday @ $0.20, but sadly only got a partial fill. It's traded 34,400 contracts today so far, against 96k OI.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    wouldn't my “green pill” option do just that for the bulls?

  • colonel_bleep

    After the close earnings reports of interest:

    BIDU, DRYS & DTG

    DTG traded as low as .60 in March, now at $24 'n change. Amazing low 7 mos ago in light that the co is slated to report earns of .69 for the qtr!

  • centerline

    Impressive volume on BAC.

  • newbear

    AMZN puts looking so tempting here.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    Berk, fratal wise follow this reasoning

    Boost wave 5 beyond it's natural end (880 to 932 in may, 1019 to 1080 recently)

    take the A wave down to natural end o wave 5 (880 in may, 1019 now)

    Boost the wave B to extended (1057 in june, 1101 now)

    take a 5 down with 1,6 of A … 870 in july, 1000 now

  • CorporalCarrot

    I really thought they were trying to buy it up into the close there, but it just withered on the vine.

    I guess at some point, blindly buying the dips is going to fail?

  • http://dreadwinaard.livejournal.com/profile dreadwin

    Tried to post before the close, but Disqus wouldn't have it. Went long DRN at 118.75. I think IYR goes up tomorrow. Maybe.

  • http://www.facebook.com/screasy v8muscle

    Perhaps someone more experienced than I can answer this question….

    WTF is up with SHLD??? look at 5 min 20 day. HUGE volume spikes every day at the open. i dont get it

  • http://www.facebook.com/screasy v8muscle

    I have a fckin load of them. Can't wait for that gap to fill. Give it another 3-4 days

  • ClutchShorter

    Wow, there is definitely weakness in the markets as of late. SPY has failed to break and close past 111, DOW can't maintain being above 10,000 for more than a couple of days. And WTH is going on with AMZN. Seems like calm before the storm. Smart money is slowly cashing out while retail investors are buying in.

  • upld2

    He gives some projections in his recent interview with Jim Paplava: http://www.financialsense.com/fsn/main.html Fast forward to about 8:30

    He writes in his reports that 1120 should be the upside target for this final wave move but that it could truncate and that the internals are suggesting that the recent highs will not be breached.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool

    That's why I haven't been seeing any of your comments all day – you changed your avatar! Sorry, I'm very visual – I go by faces.