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Crunch time

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Not applicable
Ok now its crunch time for the market to take a direction ...we have penetrated the 25645 (recent futures low) and the 25390 support on the Alsi...this is a time when patience and a calculated move is called for ...these support levels are levels at which panic selling happens ...i.e. ppl are forced to sell....wait to see where we close today but if you stop has triggered so be it
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21 REPLIES 21
Captain_Kidd
Contributor
Thanks for the advive
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Captain_Kidd
Contributor
Thanks for the advice
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Beep_Beep
Super Contributor
Thanks Chartist - looks like something happening
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Not applicable
yes ...sounds like it could be the sublime sound of bears being squeezed by the short and curly....could be ....too early to tell
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CE
Super Contributor
Lost 6" of my chop this week...now only have 8" left.......
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Not applicable
i actually see the bears being set up for a real hot beef injection....rectally of course
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Beep_Beep
Super Contributor
Let's hope so - i am sick of their ***** now.
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sax
Frequent Contributor
CE, you still hanging on to your TOPWDM , i got in @ about 12:30 on N and could reap my 15% profit and go enjoy my weekend. Thought it might be good entry point if we go back up again. Not to sure since the market sentiment has gone down.
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Not applicable
the little picnics over Im afraid...
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Beep_Beep
Super Contributor
Hey - Charty - you beaut thanks for the info.
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Not applicable
possible little reverse head and shoulders on the top 40 futures if we open higher Monday morning....lets see what happens...
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Beep_Beep
Super Contributor
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Not applicable
reverse head and shoulders?....means we should rally the distance of the head from the neckline....
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sax
Frequent Contributor
C, i need your advice, patience has been my weak point.... i'm holding a couple of DWN and don't know if i should let them go or if the market has made a turn. Everything is pointing to the bears???
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Not applicable
Ja !!! and Anglo's is know the DJ of this Rave Party and spinning some nice remixes ... work that table boy !!!
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Not applicable
there we go head and shoulders breakout rally completed ....
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Beep_Beep
Super Contributor
Has the pullback come and gone??
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Not applicable
the probability is increasing with every point move....we need to have the previous highs taken out but when I called this on 29 June just after lunch I had the distinct impression we were seeing a swing on an important pivot point....the previous high is now the upper pivot point...
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Beep_Beep
Super Contributor
We seem to be following the DAX quite closely since they opened!! Our previous high - future - 26206??
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