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aussiebear

World Stock Markets Trading Discussion - Carousel cruising

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We are too far away from the hourly EMA200, which shows that we had something like a crash last few days. Have to go to the 200 and then starting next leg down again.

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2 day cycle projection 2408. 3 day 2412! 

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Both essentially done. 

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Multiple trendline resistance convergence at 2410 on the hourly this hour. 

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I have a bad feeling about this rally. Could be brutal. The market is extremely thin.  Once the short covering gets on a roll...

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Next resistance 2417. If they clear that, 2 day cycle projection would be 2450. 

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14 minutes ago, DrStool said:

I have a bad feeling about this rally. Could be brutal. The market is extremely thin.  Once the short covering gets on a roll...

Yep. There shouldn‘t be much volume till Jan 2. „They“ are already at The Hamptons or the Islands or whereever. The „them“ of course working like berserks right now.

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2 day cycle projection now is 2450. 

I' not buyin it. 

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It's miserable in the Hamptons this time of year. They're in the Caribbean or Palm Beach. 

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Some people I know are in the South of France, where it is perpetual Spring this time of year.  What a gorgeous, cool sunny day today.  But after walking for 2 hours, I worked up a pretty good sweat.  

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21 minutes ago, DrStool said:

2 day cycle projection now is 2450. 

I' not buyin it. 

Pulls back to 2432 now 

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2415-2420 should be formidable resistance.  ST very bullish if cleared. V bearish if not.  

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There may be very little stock for sale between 2420 and 2500.  PPT knows this. 

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