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jack.canadia replied Feb 19, 2009The dollar index has had a bullish run so far. Above 88.23/43 hopfully it continues topside. In after hours trading, the DOW is below its daily close as well. Strengthens the bearish bias for now.
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jack.canadia replied Feb 19, 2009When I placed that trade, which was before the start of today, 4214 was the daily central pivot at the time. I mainly use the pivot points as targets and/or entries. So I targeted 4217 to give myself a better chance of getting closed at that level, ...
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jack.canadia replied Feb 19, 2009Just made a lower low. I don't see any significant reason yet.
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jack.canadia replied Feb 19, 2009What you lose today, I gain today ! muahahahah lol
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jack.canadia replied Feb 19, 2009Along with the head and shoulders, you can also see a descending triangle forming. Together are very bearish. The only way I will become bullish is if we make two consecutive higher lows on a 1 hour or greater chart and then break and close about ...
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jack.canadia replied Feb 19, 2009Yeah I am still waiting on 4217. Rather close. It was the central daily pivot point from yesterday. We have now started a new day as of 00:00 GMT (7:00 PM EST) and the next logical target can be 4190, a daily support level. I dont want to rule out ...
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jack.canadia replied Feb 19, 2009Its just my opinion! If you are bullish wait to buy!
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jack.canadia replied Feb 19, 20094130/50 would be a decent target and buying opportunity on a bounce. I am hoping to carry my shorts through a break of the HS.
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jack.canadia replied Feb 19, 2009I am looking for a weekly/monthly pivot point indicator thats functions similar to the daily one on my chart. If you have could you please post?! Thanks!
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jack.canadia replied Feb 19, 2009It was explained to me somewhere. I forget. Everyone fled to cash during the crisis, as this was safer then to own stocks or mutuals during a crashing market. So, the demand for US cash increased and as such the price went up (USD got stronger). As ...
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jack.canadia replied Feb 19, 2009To be honest, I do not follow Canadian politics as much as I follow US politics. I live so close to the border that all news channels I watch are US based. I know he was re-elected but by how I am unsure.
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jack.canadia replied Feb 19, 2009In full agreement. Posted a chart a few posts up.
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jack.canadia replied Feb 19, 2009Downside target to at least the daily pivot for now. Short from 4336.
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