It is slightly bullish from the swing indicator.
Edited by MarketAlly, 22 July 2011 - 01:22 PM.
Swing Trade has hit upside targets
Started by
MarketAlly
, Jul 22 2011 01:21 PM
1 reply to this topic
#1
MarketAlly
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- Traders-Talk User
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Posted 22 July 2011 - 01:21 PM
The swing trade app we use has it's upside targets and interestingly enough is long gold and silver here based on the recent action. Whether this means a reversal or not in the indexes and gold benefits from it - I think it is hinting that. The DOW is the weakest in the app currently.
It is slightly bullish from the swing indicator.
It is slightly bullish from the swing indicator.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#2
arbman
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Quant
Posted 22 July 2011 - 01:44 PM
I think;
It will be lower early next week and close the month with a bang, perhaps a new high. If the market drops below 1320 again, it will be a very negative development. The first week of August will be weaker and then rally even higher toward 1400. The market top will not come before the first week of September and probably we will get a 4-5 week scary decline before Fed steps in for the winter...
I am keying these off the monthly chart and it looks bullish to me.
I think STOXX50 is about to begin a multi-month sharp rally too, either the above scenario or we are really headed for the trouble... This is a very critical juncture, I do also hope that it resolves upward to avoid a catastrophic 2012...
