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dfptommyj replied Aug 13, 2010that bottom of the channel doesnt have to be right where u got it, if you manipulate it a bit its coming up right around the 38 fib of the whole upmove on the daily, i dunno my bias is up, Im not scared of that mommentum down we see
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dfptommyj replied Aug 13, 2010by the way I do not scalp, I get out when it looks like I was wrong

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dfptommyj replied Aug 13, 2010yeah, but that DMA aint gonna happen, friday, Im actualy thinking about leaving it over weekend wich I rearly do, thats only if it stays above that 38 fib
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dfptommyj replied Aug 13, 2010i have a lot of hope in these reports we got all day starting with NZ, G,FR,US wasnt bad at all, looks like someone is maybe trying to help alittle here, i dont think they will let the drop to double dip happen this time, remember the first reaction ...
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dfptommyj replied Aug 13, 2010looks like it gonna close above that fib if we get lucky it might close above that 100 DMA again its only noon
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dfptommyj replied Aug 13, 2010I see it here, looks like no more selling, just observing and maybe finaly up again to finish up the rally I c DJ back @ 10900 to finish up and than maybe down... but anything is possible as always

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dfptommyj replied Aug 13, 2010if it goes above that fib and closes there there is a chance for the bottom
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dfptommyj replied Aug 13, 2010we cant just fall thru that 38% fib, too much money and time invested in this trade, time for 5th wave, I think
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dfptommyj replied Aug 13, 2010i still belive in longs from here, its first sell off didnt even retest the broken trendline looks like this 100 DMA may hold TH closed above
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dfptommyj replied Aug 13, 2010well there was some hope for market bottoms and it started with NZD yesterday, that currency loves risk, the fact that its friday doesnt help at all
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dfptommyj replied Aug 13, 2010if that does not hold no more EU this month for me , just dont get it after this gdp...
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dfptommyj replied Aug 13, 2010looks like it finaly hit the bottom of that intraday channel, if 20 does not hold I just dont get this market today...
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dfptommyj replied Aug 13, 2010i dont get why dax is falling , is there something else to know today beside that gdp?
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