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thank you, kind Sir. I was wonder if anyone else saw the potential IHS on nat gas. The big drop two Thursdays ago looked like a HS on the verge of breaking down, which it did when the inventory report was released. I held in cash then and am currently doing so again until the next move is more clear. Thank you for the portfolio review.
Wow! Very nice, clean and simple charts. An amazing analysis just from simple lines! Glad I found this site. I'll be marking it as a "fave". thanks for your postings
Great charts! Quick question, do you think FTSE will bounce from lower red line while DOW and ES are due for more downside also, as you suggested, DAX joining the bandwagon with a pull back?
FTSE has completely decoupled from the rest so it wouldn't surprise me if it bounces while the others keep falling. However, the others have fallen quite a lot anyway and they may bounce too together with FTSE. DAX is a different animal. We will see.
thank you, kind Sir. I was wonder if anyone else saw the potential IHS on nat gas. The big drop two Thursdays ago looked like a HS on the verge of breaking down, which it did when the inventory report was released. I held in cash then and am currently doing so again until the next move is more clear. Thank you for the portfolio review.
ReplyDeleteWow! Very nice, clean and simple charts. An amazing analysis just from simple lines! Glad I found this site. I'll be marking it as a "fave". thanks for your postings
ReplyDeleteThanks for the compliments Mark. It's simple but it's not easy :) Hope it helps.
ReplyDeleteI'm not sure if anyone has seen that IHS. In fact I'm not a fan of patterns and I do not trade pattern setups. I only make a remark when I see a H&S.
ReplyDeleteGreat charts! Quick question, do you think FTSE will bounce from lower red line while DOW and ES are due for more downside also, as you suggested, DAX joining the bandwagon with a pull back?
ReplyDeleteI am with you on gold, as indices drop gold might rebound, a bit at least.
ReplyDeleteFTSE has completely decoupled from the rest so it wouldn't surprise me if it bounces while the others keep falling. However, the others have fallen quite a lot anyway and they may bounce too together with FTSE. DAX is a different animal. We will see.
ReplyDeleteHi B, great stuff: Was wondering is you are giving any weight to the fibo at the 2066 area? TIA
ReplyDeleteHi John,
ReplyDeleteI have seen Fibo's working perfectly many times but for me it's making things more complicated and I don't like complication in trading.
Awesome stuff fella, any charts for Crude oil? please and thank you
ReplyDeleteThanks. Crude is too choppy. Can't see a clear picture at the moment.
ReplyDelete