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Second day energy outperforms...


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#1 arbman

arbman

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Posted 08 September 2011 - 10:58 AM

NO BULL MARKET OR CONTINUATION CAME FROM THESE SETUPS.

http://www.traders-t...?...st&p=593756

I can see Fed pushing more of the same tomorrow too or perhaps until early next week, but those should be a bunch of dojis or mediocre price gains, we may not see above 1220 from here, well at least not like this and this setup will not correct itself on the way up, it almost always sells off first. It is only a matter of time before the excessive bearish speculations are pruned.

In this case it is only a lower high within a down trend though.