Well 4884 is monthly s3 andso far it looks like a repuslion off of it and if we close below the weekly pivot and 48 plus considering the way the daily looks - it smells like a bear. Then again it's Friday, so remains to see what happens on Monday. ...

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Petra it's all a matter of TF. I think most of us here are not trading the kind of long tfs you're reffering too, so what you say is true but the long-term uptrend doesn't make much of a difference to us, at least until we reach 44-45..

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I believe that if we stay above the weekly pivot it's still bullish, but if we close below it and 48 - more likely to go way down next week..

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I don't think it'll really get past the pivot..

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Yeah, I wonder where Shadow's been, his opinions could be a great addition here this past week aspecialy....

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I got the feeling this might be the beginning of a wonderful bearish wave towards 44-45. The one I was calling for yesterday but messed up with the estimate of how high it'll go.. Will have to see where the daily closes, if it is at current levels ...

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799 EDIT: Well, I guess the market doesn't respect EW much after all..

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122 from the low is precisely r1. Cool

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Hey 5ysfx, Your first target is around r1 at 4940 ? Or will you still take some out right below 49 ? Thanks.

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Gone up more than I thought, but still looking for a big retrace/reversal..

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Saw that stuff a while ago, GREAT

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Now it's time for that battle.

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Hmm... Actually I am charting, and my long term and mid term charts tell me we'll go down soon now, at least to mid 47, but considering Friday tomorrow could be quite lower too. Everyone has his own charts, the "belief" part I only mention because ...

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Entered first short.

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Yeah, and gold should be hitting the top if it's range soon too. Then they could bounce back down, a lot....

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My friend, if that were true we'd all be billionaires right now, and btw look at the chart..

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This is not the battle yet, and in the meantime I believe bulls will take it for an hour.. Let's see what happens as of 14:00 GMT though shall we..

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If it were only that easy...

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Ok, back in the game, made a bit on this bull run. Good calls for longs so far 5ysfx, but my mid-term analysis shows me the opposite. Too risky to say that now, so I'll avoid disclosing details, but let's just say I personaly will be looking to ...

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DAMN! Today is just going from bad to worse.. Just put my weekly take in the negative.. Going to stay out for the next few hours at least, I don't know what the **** is going on here..

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