6 replies to this topic

[eminimee]

Possible scenario for a positive reaction..

Will we be thanking Ben again? Just have to make sure it's not a fake out.



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Edited by Teaparty, 28 June 2007 - 07:41 AM.

[rkd80]

i see that inverse h&s now...yeah quite possible.

a perfect set up would be to dip or drift lower into the fed, probably be at about the lows of the days and then reverse like crazy. i cant recall that ever happening though, maybe i am wrong.

usually its either flat -> up after fed or huge move up at morning -> flat -> more up.

was there ever a time when the fed totally reversed a day? because we need some conditions to be worked off so some kind of dip is almost mandatory.

Possible scenario for a positive reaction..

Will we be thanking Ben again?



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[eminimee]

the fake out would be..




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[rkd80]

plenty of folks are expecting that, but we are at 60%+ likely to finish green today. guess we will watch what kind of dip we get, it should be flimsy and non-convincing.

[eminimee]

Just playing around...

Test of breakout makes a nice target for 2 or B



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[rkd80]

if we retrace all the way up there and do not exceed the highs i will be shocked. if it starts to buckle around that level and create another 3rd top the level of short interest will be in the stratosphere - as if its not there arleady. a new high would throw a lot of people for a loop. well heh, given the bullishness - maybe not hat many.

[Tor]

Hey TP!! Right here have no idea whatsoever whats going to happen. I have a small long on from yesterday stop at b/e and thats as good as flat. overall if i was to guess we are in a high level consolidation into next week. total guess however. I only thank benji when the trade goes right, on those rare occassions!!!

Edited by Tor, 28 June 2007 - 08:28 AM.