flyingscot Posted August 16, 2010 Report Posted August 16, 2010 Gold up this morning... time to break out the Prozac
rdkyote Posted August 16, 2010 Report Posted August 16, 2010 "feels" somewhat like the beginning of the may 6 flash crash day... yen crosses might take a big leg down shortly.... gold up, bonds up... ES about to puke. either a big stick save is coming or things might get somewhat ugly.
rdkyote Posted August 16, 2010 Report Posted August 16, 2010 There goes GBPJPY.... gonna test 133 again. JPY gonna test the resolve of BOJ @85.
rdkyote Posted August 16, 2010 Report Posted August 16, 2010 forgot about the buying of the worse-than-expected economic news.
K Wave Rider Posted August 16, 2010 Report Posted August 16, 2010 Euro trying to make the Manifest Destiny turn right about where expected after big Posi D on hourly chart
K Wave Rider Posted August 16, 2010 Report Posted August 16, 2010 Gold up this morning... time to break out the Prozac It gave a clear cut buy signal last Thursday...1240 target zone still applies...and if it breaks that area...LOA Like I said, once DZZ broke 11.30 pivot, not a good idea to be long that one...
K Wave Rider Posted August 16, 2010 Report Posted August 16, 2010 Silver appears to be turning corner upside today after 18 held on the dip...potentially explosive upside breakout brewing here because as you recall, there were a whole slew of time frame pivots at 18.25ish
Trader Joe Posted August 16, 2010 Report Posted August 16, 2010 This week is the last week for "Manifest Destiny" to show some sign of life... ...any sign Otherwise, it's back to the drawing board Ugh!
K Wave Rider Posted August 16, 2010 Report Posted August 16, 2010 This week should tell mucho. IF ES can turn the corner right in this area back upside, a final jam up towards the left shoulder level of 1150ish SPX is still very possible, where I would then look for the Breakout/Fakeout reversal HARD DOWN. But if we dont take out 1100-1110 area upside this week, or we break down from 1080 level, then Mr. Bradley may have had a direct hit this time around in da bears favor on Aug 10. Pretty much bullz gotta engineer a big rally today, or it is is likely OVAH. Euro action here may provide some early clues...
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