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why I'm bullish


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#1 andr99

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Posted 07 November 2022 - 04:06 AM

There's a same situation developing in Europe and America. We are seeing it more in Europe than in America at the moment as the spx and nasdaq seem to be behind, but no doubt they will get back to lead soon,

 

because there can' t be a bullish trend if America doesn't lead and below is what everyone can see

 

 

Milan : 

 

https://i.postimg.cc...jKx/FTSEMIB.png

 

Frankfurt

 

https://i.postimg.cc/W1sYGp5J/dax.png

 

Dow Jones

 

https://i.postimg.cc/KvDJ8Smc/dow.png

 

 

 

In summary in these weekly charts , Milan and Frankfurt have already broken the resistance  marking the bearish trend that started last year, the dow is close to break it. The break has come with a bullish divergence 

 

in the weekly macd and the weekly macd crossing its moving average to the upside while the dow is close to do the very same I believe. If we add that the spx and the dax weekly macd are at lows marking 

 

LT bottoms, well to me there's enough to send any bearish view into letargy


Edited by andr99, 07 November 2022 - 04:08 AM.

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#2 andr99

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Posted 07 November 2022 - 05:48 AM

just want to add one thing.....it is what it is, even though most don't believe in a rally driven by the dow when nasdaq is lagging so much and the spx is behind as well, it is very probable to me this rally will go on beyond everyone's expectations  


forever and only a V-E-N-E-T-K-E-N - langbard


#3 Chilidawgz

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Posted 07 November 2022 - 05:53 AM

ppp.gif


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#4 andr99

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Posted 07 November 2022 - 06:09 AM

that bear flag looks a lot like a bear trap 


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#5 blustar

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Posted 07 November 2022 - 10:08 AM

that bear flag looks a lot like a bear trap 

"A man hears what he wants to hear and disregards the rest" Paul Simon, "The Boxer"



#6 andr99

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Posted 07 November 2022 - 10:16 AM

no comment.....


forever and only a V-E-N-E-T-K-E-N - langbard


#7 OEXCHAOS

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Posted 07 November 2022 - 12:17 PM

Welp, take a peek at these.

AAIICashYOY11-06-22.jpg

 

RydexRatio11-04-22.jpg


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#8 slupert

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Posted 07 November 2022 - 03:43 PM

One more nice push down then up. (JMHO)



#9 gm_general

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Posted 07 November 2022 - 05:52 PM

I looked at VIX RSI it is the lowest in at least 5 years, FWIW.



#10 OEXCHAOS

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Posted 08 November 2022 - 09:57 AM

I looked at VIX RSI it is the lowest in at least 5 years, FWIW.

I would expect that in a more persistent up trend. I'm thinking that the VIX is now a smart money indicator.


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