tag:blogger.com,1999:blog-4878316162397365683.post1087062464042551828..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: Waiting for the Breakout in Stocks; Euro Still in Bull ModeUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4878316162397365683.post-75516967872085520962011-03-07T11:49:48.846-05:002011-03-07T11:49:48.846-05:00Yeah it's looking pretty ugly right now. Bull...Yeah it's looking pretty ugly right now. Bulls tried to dominate early but got rejected quickly. Bears too strong right now. Breaking below 1312 and into the prior gap area is good for bears, but need to close below it today in my opinion. A break below 1302.58 would probably negate any possible triangle scenario and solidify the bearish view.PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-6520847683116638602011-03-07T11:25:10.931-05:002011-03-07T11:25:10.931-05:00The way breadth looks atm it might break supportThe way breadth looks atm it might break supportHargrave Matt563noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-41951643275544962272011-03-06T16:15:55.213-05:002011-03-06T16:15:55.213-05:00Thanks. I'm looking for the breakout, either ...Thanks. I'm looking for the breakout, either up or down. Right now it's a net sideways action for a few days which gives us no direction. The next breakout, up/down, should determine the short/medium term trend. At least that's how I'm playing it now.PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-70158109398363592002011-03-06T16:14:37.072-05:002011-03-06T16:14:37.072-05:00Thanks, I think your top descending trendline will...Thanks, I think your top descending trendline will be the one to watch. It seems like the euro wants to get above 1.4281 before topping. Perhaps that will be a slight overthrow of your trendline and reversal.PrincipleAnalysis_Blogspot_Comhttp://principleanalysis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-55257198424088312252011-03-06T14:28:36.440-05:002011-03-06T14:28:36.440-05:00Love your analysis,always clear and concise.My eur...Love your analysis,always clear and concise.My euro chart http://chartramblings.blogspot.com/2011/03/euro.htmljxxhhttp://twitter.com/Chartramblernoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-44654321509040323422011-03-06T14:01:01.957-05:002011-03-06T14:01:01.957-05:00Great insight on the S&P! I was expecting more...Great insight on the S&P! I was expecting more selling after lunch friday.I gotta feeling this is gonna be a dreaded symmetrical before we know the direction.Hargrave Matt563noreply@blogger.com