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www.host-a.net/u/plays123/dollarinversehands.jpg That was my post some time in June when i was forewarning bullish dollar/bearish euro...but the video is saying the same as i was saying then about the breakout level which correlates with the euros feb res/march support which it bounced off perfectly today.Draw a line from last years lows to this years on the euro and we are still in a rising trend channel.That has to break for the 200ma to be taken out on the USD.
It's amazing that people can be so petty or/and get upset with a name on a screen...someone they don't know from Adam. I'm taliking about all guilty parties here. God you must be so HAPPY if you are making the cash and have so much success trading that people on here claim to have. That's why i've never got involved in the mud sligning... i have lots of real friends and family that love me,don't need to be loved on a BB for crikey sakes!!!
FKN b00llocks!!! This was not one persons board and i shared a lot of personal knowledge and tips that are now lost to everyone.A disgrace!!!
Hi ace its the all important market open ma that is much more relevant. http://stockcharts.com/h-sc/ui?s=%24SPX There's the chart has doji'd at 50ma at downchannel resistance on a downleg. No where near the 200ma although the dow has found restance there last 2 sessions. Not out of the woods yet... Here's the dow too http://stockcharts.com/h-sc/ui
TIE its clearer to say that when the crashes occured the price was rejected after it pulled back up to the 50/200mas leading to bearmarket. If the prices get above the 50/200 mas on a weekly close history tells us there will be a strong bull market. Interesting week ahead because the spx is pulling back up to them and the shorters will be out in force.
Above not as clear as intended but hope it makes sense. On occasions deathcross marked bottom the price was extended from both moving averages ,and on crash occasions the price was at both moving averages at time of deathcross. Also ,when i say crash is not to mean plummet straight away .. the price pulled away from both moving averages and pulled back up to them again before the crashes occured some months later.
Tie i have done some analysis on this with esignal here goes,think i got them all listed going back to 1990. price at deathcross date prices after deathcross -------------------- ------- -------------------------- 326 1990 295 bottom followed by massive rally 440 april 94 to 476 high deathcross marked bottom 440 nov 94 1190 deathcross marked bottom 1068 oct 98 925 low followed by rally to 1500 1440 oct/nov 00 crash to 800 1110 aug04 1328 death cross marked bottom 1264 jul 06 1264 death cross marked bottom 1468 dec07 crash to 666 1016 jul10 bottom marked so far... On the 2 crash occasions... Prices were at 200 and 50mas at time of crossovers.Prices got above 50 but never got above 200ma for more than 2 days. current price action price extended from 200/50mas at time of crossover.Is now pulling up to both moving averages,which is normal. If price gets above 50ma it will be interesting to see what happens at the 200day ma.
Ftse broken top flag line on 15min chart looks like we are going up.
Watch the 10day sma. It is rising up to meet the price that is trending sideways to slightly down after large spike up (flag). The 10day sma is drawing the support trendline should meet price on Monday if current high base trend remains. Whether is bounces or breaks is anyones guess,but probability in favour with bulls.
Tie Looks like a bull flag forming on the ftse. Admin that is a great idea.
Monaco ,well done if you are still shorting this. FTSE could still be a double top.Thought the dow would push on to year highs this week taking the ftse well above the 5600 resistance zone. I don't see a doomsday scenario yet. March I think will see higher highs. Watch for a bounce or break at around 5510 level which is rising channel support line.
Wrong with last post because cup and handle a continuition pattern not reversal pattern.
Had a check of the dow spy charts and not inverse head and shoulders but massive 'cup and handle' patterns in play. (Sorry bears).
I'm off out so can't reply to any discussion till later.
Tie if you are still there any opinion on my post on SB BB?? Massive inverse head and shoulders on the ftse100,neckline 5600. Your opinion would be very welcome. ATB