I developed my own trading system, based on magnetism (physics) and velocity vectors...I find the center of the compression, and factor time with volume which determines the outward velocity vector (linear expansion) thereby predicting price and time. I have a market update service and I manage... More
Expect pullback at 1361.25/50 (If we get there because)
At 1356.75 I had it figured to head down to 1340.25/1342.75; it must reach 1359.50/1362.00 in order to cancel out this down move; most often when this occurs it means the downside will expand (sell-off)
Currently we're at a key level, meaning up to 1385.00 or back down to 1316/1319 (min.) although more likely down to 1279/81
Crude: no change; which is down to 81.40, although in the meantime expect sideways action tilted down
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ES & Crude 0 comments
7/2/12
Closing Comments:
Expect pullback at 1361.25/50 (If we get there because)
At 1356.75 I had it figured to head down to 1340.25/1342.75; it must reach 1359.50/1362.00 in order to cancel out this down move; most often when this occurs it means the downside will expand (sell-off)
Currently we're at a key level, meaning up to 1385.00 or back down to 1316/1319 (min.) although more likely down to 1279/81
Crude: no change; which is down to 81.40, although in the meantime expect sideways action tilted down
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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