But good news on the Dollar/Euro front, for near term bulls. The euro has started cliff diving. from 1.48 to 1.473, Support at 1.47 1.463
Sunday, August 24, 2008
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August
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- check this out
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- gustav goes cat 4
- Ok, so this the optimistic model
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- 4 days of the spy
- well, Will we build a base? or leg lower?
- someone is trying to fight the tape
- No joy
- because aparently fridays are lesson days
- we may have a higher low
- there is a little weakness in JCP
- possible wedge on the xlf
- amazing that oil can't hold a bid on the hurricane
- so the trendline and the 200dma is at 40-40.50
- the rally
- I thought we were going to pull back
- jcp short
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- After the obama bounces
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- cnbc
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- Maybe this is the costanza idea
- I think
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- could be more in this day
- possibly developing that bottom tick
- qqqq retest of the lows
- here is something strange
- xlf is looking healthy.... but could be developing...
- some resistance
- some bounce
- We have a weakening trend...
- xlf vs the qid
- Good stuff
- we are playing with some upside resistance.
- xlf
- qid. and the spy
- We seem like we are just working through 129.50 re...
- Psycological stop off the QQQQ's
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- the qqq's
- That was a possible wave 4, and now we are in wave...
- Honestly
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- hmmm How if we asume sideways
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- as teh 8:30 bomb is about to go off
- futures
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- As I sit here getting ready for bed
- JCP as a short.
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- this is one of those times I hate my blog....
- Cramer is on TV
- so.....
- post market qqqq
- Naz in post market
- 2 of 3 ....... and it's not a solid break, and the...
- this isn't the worst declining top
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- Baby Head and Shoulders on the XLF
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- Let's play pretend again...
- The xlf
- 2 days on the spy
- Want a contrary indicator
- well this is starting to fade..
- Deveoloping dome top on the xlf
- If we can get a correction
- ok I'm short, but I want out fast..... if we turn
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August
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2 comments:
Dollar is above it's upper BB, must pull back before advancing further, no?
The snap back was fairly violent, I have it hitting the top of the BB in 2 and 4 hour time frames, It retested 1.5... and I think wants to advance a bit more....
I have clean Wave counts. Broken the trend line...
Or not.
I don't trade BB... much I probably should.
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