looks like they're going to leave us hanging, which way will this diamond resolve? You're right, normally they resolve to the downside, but is anything normal in this market?
oops, there you have it, first penetration of the upper TL of the diamond right at the closing bell. bleh!
Not too surprising though because most of the day it looked like the market was in a triangle and they usually break in the direction of the trend prior to the triangle. But the overall count being a mystery to me right now, I have no idea how far this push up will go.
you are a brave man to hold over the weekend.
ReplyDeletelooks like they're going to leave us hanging, which way will this diamond resolve? You're right, normally they resolve to the downside, but is anything normal in this market?
Next week Tuesday and Thursday are POMO days.
I'll be holding crude short, but I've got until 8pm to change my mind about ETFs.
ReplyDeleteoops, there you have it, first penetration of the upper TL of the diamond right at the closing bell. bleh!
ReplyDeleteNot too surprising though because most of the day it looked like the market was in a triangle and they usually break in the direction of the trend prior to the triangle. But the overall count being a mystery to me right now, I have no idea how far this push up will go.