Strategies & Market Trends | E-Wave and TA Workspace


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To: Shack who wrote (196750)3/1/2012 4:08:44 PM
From: mchjc   of 203202
 
...and GS up 6 today should give an assist to C ???

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To: Shack who wrote (196746)3/2/2012 5:04:26 AM
From: Tapcon   of 203202
 
Thanks for the follow-ups, Henry and Shack. PAAS does look like a backtest of the breakout from the inverted H&S, and looks to be sitting right at the inflection point right now.

Thanks for pointing out the longer term resistance line, Henry.

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From: mchjc3/2/2012 9:52:44 AM
   of 203202
 
With US$/UUP and TBonds both up sharply, markets opening a risk-OFF day,,

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From: mchjc3/2/2012 10:26:11 AM
   of 203202
 
FYI...I have adopted as the official theme song of this thread: The Sound of Silence...LOL

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To: mchjc who wrote (196755)3/2/2012 10:37:52 AM
From: xun   of 203202
 
Market is churning or distributing, depending on which side of the road one stands. This process of price discovery is always boring. I suppose you know this much better than I do:^)

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To: xun who wrote (196756)3/2/2012 10:42:31 AM
From: mchjc   of 203202
 
Right, xun...Need a break above 1378 or below 1363 for the answer..

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From: mchjc3/2/2012 10:48:59 AM
   of 203202
 
SIRI extending iHS breakout of Jan....MM about 2.90...

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To: mchjc who wrote (196757)3/2/2012 11:46:45 AM
From: Shack   of 203202
 
The XLE bear wedge formed off the mid-Jan low is now at serious risk of a breakdown, would carry back $70. I doubt SPX can hold this level if this comes to pass.

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To: Shack who wrote (196759)3/2/2012 12:03:19 PM
From: mchjc   of 203202
 

Hello, darkness, my old friend...
I've come to talk with you again....LOL

Question to watch would then be whether other SPX sector heavy-weights....XLK, XLF, XLY, XLV.....none of which are in that kind of position...can trump and offset any XLE breakdown..

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To: mchjc who wrote (196760)3/2/2012 12:13:47 PM
From: Shack   of 203202
 
If that wedge on C is real, I expect its a nasty clue for the XLF.


....and don't put that morose song in my head!-g

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