Edited by sluzbenik1, 24 June 2012 - 11:17 AM.
Upside risk after fakeout
Started by
sluzbenik1
, Jun 24 2012 11:14 AM
2 replies to this topic
#1
sluzbenik1
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Posted 24 June 2012 - 11:14 AM
My preferred outcome given the cycles is this. It's interesting to me how the two forks are forming diamonds that have timed a few pivots, much like a Gann chart. Could happen slow or quick, depending on news flow. If it fails, basically everything us cycle guys expect is wrong. But fundamentals outside of Europe remain ok, if tepid. Tops take a while to form. Every period is different, but entering a new bear market without at least some rally attempt this year before the decline really starts as earnings top out and recession is confirmed is highly improbable.
#2
AChartist
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Tim
Posted 24 June 2012 - 01:18 PM
Not entirely technical based, I want to pick up
some cheap crash puts on Monday open, I hope they open it up.
If it is not still positive at 30 minutes, it should work.
Negative at 15 minutes would be even better.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
sluzbenik1
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Posted 24 June 2012 - 01:31 PM
Crash, crash, crash. The more I hear it around here the more bullish I get...I wanna see a down Monday though, sentiment needs a kick down.
If anything's about to crash, it's England's chances of getting to the semi-final...Speaking of which.
Edited by sluzbenik1, 24 June 2012 - 01:31 PM.
