- Joined
- 14 March 2006
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- 5
No, that was stronger forever.
He and Twiggy need to get a bed together.
Chart marked up with some possiblities.
I'm probably favouring #2 at this stage, a pullback just far enough to shake out some sellers then up towards 4300, but the market will do what it wants.
Some very strong bearish divergence now with 3 attempts to go higher through resistance.
Yes. Who isn't waiting for a pull back - either to cover their shorts or to jump on.
I'm voting for stronger for longer.
Has anyone else had trouble finding any good short set ups lately? I have been looking but all I keep finding are potential longs.
Sorry Guys but in MY VIEW ........... BHP one bewt of a short setup currently ..... MY opinion only , u guys read YOUR charts how YOU see them .
i am currently short BHP and looking to add to position along the way
unhappy to be wrongbut will get over it and move on ifso
Aren't you always short BHP though Nun?
Looks close to a decision point, although I think that support at 3625 will be the clincher. Will be the first lower low since the Mar 8 bottom. MACD looks ominous.Everyones been expecting a decent break in this bullish run and we thought around the 3750 resistance would be it, but it's been pretty resiliant. I was certainly expecting a correction back to at least the 3400/500 support zone. But, it's holding up and respecting a small uptrend line which is almost sort of forming an ascending triangle. But there could be a tiny H&S in there as well. lol With 'sell in May, and go away' fast approaching, odds still must be on a breakdown.
I may be wrong but most are looking for overbought to correct itself by dropping. IMHO it has actually done that by going nowhere.
We Churn like we have for the last 3 weeks. dropping off the buying days from indicators that the sheeple use.
I may be wrong but most are looking for overbought to correct itself by dropping. IMHO it has actually done that by going nowhere.
i have to agree, the momentum indicator is pointing downwards, me says, the further we go up in this bear market rally the harder we gonna come crashing down!
i'm waiting for it to establish itself over 3800 before i will enter any long positions, then 4200 looks like the next resistance.
I agree, hence in my last post saying the divergence has mostly unwound and option 1 on my chart looking more and more like a possiblity now. But of course it could still break either way from here.
The most of the time markets tend to do what the majority least expects.
I'm agreeing with that underlined part particularly. None of my shorts this week worked and I seriously doubt it has anything to do with being too early. None of them wanted to go down despite my fervent invective! :swear:
I'm thinking this rally is just getting second wind. There's green everywhere today.
I would have thought to resolve the overbought position by "Staying still" would require a couple months, not just two weeks though?
keep your guesses boys............
the XAO has got 1 maybe 2 tops,sideways spikes, then its all over red rover , new lows all round give or take a darling or 3
just my nunnerised opinion
pay no heed
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