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$VIX looks like a classic IHS bottoming pattern. Weekly MACD has been bullish for weeks and the daily went bullish recently.
EUO -- ultrashort Euro -- lots of price consolidation and ready for a big move.
scary close for the bulls. A 5-8 point gap down leaves us in the Abyss zone -- next pivot down is 1315. Maybe action in the last two hours in the qqq is telling too -- seems to have broken a HS neckline. The daily MACD on qqq looks awful.
yep it's been covered in newsletters
do you think the right shoulder may be in place or still downside room?
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Two bullish looking charts....
Posted by kalinm on 4th of May 2012 at 03:24 pm
$VIX looks like a classic IHS bottoming pattern. Weekly MACD has been bullish for weeks and the daily went bullish recently.
EUO -- ultrashort Euro -- lots of price consolidation and ready for a big move.
Dollar and TLT look bullish as well,,,a plunge on Monday perhaps?
Posted by morton13 on 4th of May 2012 at 03:57 pm
scary close for the bulls.
Posted by kalinm on 4th of May 2012 at 04:01 pm
scary close for the bulls. A 5-8 point gap down leaves us in the Abyss zone -- next pivot down is 1315. Maybe action in the last two hours in the qqq is telling too -- seems to have broken a HS neckline. The daily MACD on qqq looks awful.
yep it's been covered in
Posted by matt on 4th of May 2012 at 03:29 pm
yep it's been covered in newsletters
Matt Boil has been holding up around the 7.40 area today
Posted by harveykoss on 4th of May 2012 at 03:30 pm
do you think the right shoulder may be in place or still downside room?