3 replies to this topic

[TechMan]

So, we got our bounce on Friday, just as I had commented on Thursday night. And the resulting NASDAQ Harami Cross candlestick pattern of the last 2 days almost ensured another day of rally on Monday. It may work out similar to that of the SPX Harami Cross pattern formed on Thursday, May 5 and Friday, May 6 of this year, which had resulted in exactly 2 days of bounces on the following Monday and Tuesday.

Seeing that bullish formation in the making had prompted me to post a quick update during Friday's trading session.

Meanwhile, taking a swing long position over the weekend may be worthy of consideration.

I would've reversed my ST Sell signal to a VST Buy except that I had had my IT Sell signal confirmed at the EOD on Friday. So, I'm treating this as just a bounce for now.

And, don't forget the World Cup final at 2:30 this afternoon on ESPN. If we're not careful, Japan may win the title. Individually, their talent level trails the better teams they've defeated, but I've not seen a team as disciplined, methodical, and fundamentally sound as the Japanese women soccer team this year.

As an aside, let's see how The Casey Anthony Index works out this time.

[TechMan]

1300+ views? What's going on? Anyway, this futures selloff overnight smells like a possible bear trap, probably on the rebound after the open. Good trading.

[fib_1618]

1300+ views? What's going on?

I was wondering the same thing with only one post...must be some kind of record!

Fib

[CCL]

I'll bet it's crawlers looking at the CA reference