Tuesday, August 6, 2013

(08:17) Matt Reynolds:FIRST
(08:17) Matt Reynolds:THEN TOP OF PZ ON QUARTERLY IF SELLING PRESSURE ENSUES 1587
(08:18) Matt Reynolds:I CAN COVER THE BALANCED OSCILLATION AREA DN THE NEUTRAL ZONE THEORY STUFF AGAIN LATER TODAY
(08:18) Matt Reynolds:SUPER IMPORTANT THAT EVERYONE UNDERSTANDS HOW TO APPLY
(08:19) Matt Reynolds:THERE WAS NO BUY AT THE OPEN BECAUSE ES NEVER CLOSED ABOVE THE MIDPOINT BETWEEN PIVOT AND MR1
(08:20) Matt Reynolds:HAD TO EXPECT PULLBACK TO PIVOT AND AN ATTEMPT TO BREAKOUT OF THE BALANCED OSCILLATION AREA IN THE OPPOSITE DIRECTION
(08:20) Matt Reynolds:SIMILAR TO WHAT WE SEE WITH THE PZ
(08:20) Matt Reynolds:IF IT CAN'T BREAK ONE SIDE IT NORMALLY WILL GO TEST THE OTHER
(08:21) Matt Reynolds:BALANCED OSCILLATION AREA CAN BE VERY SIMILAR OR FUNCTION VERY SIMILAR
(08:21) Matt Reynolds:THEY SHOULD TRY TO TAKE THIS BACK UP TO 94 TO 96 AREA
(08:21) Matt Reynolds:MOST LIKELY
(08:22) Matt Reynolds:THEN SELLERS WILL START TO RE-ENTER
(08:22) Matt Reynolds:KEEP IN MIND
(08:22) Matt Reynolds:BULLS IN CONTROL ON THE WEEKLY PROFILE
(08:22) Matt Reynolds:HOWEVER WEEKLY HAS MADE A BEARISH BREAKOUT
(08:22) Matt Reynolds:SO WE EXPECT IT TO RETRACE AND TAKE ANOTHER LEG DOWN
(08:23) Matt Reynolds:WITH BULLS IN CONTROL AND PZ UNDER THE MOVE WE WILL MOST LIKELY SEE A SPIKE IN VOLATILITY DURING THE BEARISH CONFIRMATION WAVE ON THE WEEKLY
(08:24) Matt Reynolds:MAKE SENSE
(08:24) Matt Reynolds:BEARS TRYING TO ESTABLISH OR CONFIRM DOWNTREND
(08:24) Matt Reynolds:WHILE THE BULLS ARE TECHNICALLY IN CONTROL OF THE MARKE T
(08:24) Matt Reynolds:THAT WILL DEFINITELY CAUSE AN INCREASE IN VOLATILITY
(08:25) Matt Reynolds:EVERY TIME YOU SEE IT
(08:25) Matt Reynolds:ON ANY PROFILE
(08:25) Matt Reynolds:SAME WOULD BE TRUE IF BEARS WERE IN CONTROL AND BOTTOM OF THE PZ WAS UP NEAR MR2
(08:25) Matt Reynolds:AND THE BULLS WERE TRYING TO CONFIRM UPTREND
(08:26) Matt Reynolds:SAME CONCEPT OPPOSITE DIRECTION
(08:26) Matt Reynolds:EITHER WAY VOLATILITY SPIKE
(08:26) Matt Reynolds:ANYONE WANT TO SEE EURUSD
(07:51) Matt Reynolds:LOOKS LIKE IT IS HEADING FOR THE TOP OF THE PZ ON THE WEEKLY
(07:51) Matt Reynolds:JUST AS WE EXPECTED
(07:51) Matt Reynolds:AFTER WE GOT THE CLOSE BELOW THE MIDPOINT BETWEEN THE PIVOT AND MS1
(07:51) Matt Reynolds:AND THE ES BEGAN MAKING A BEARISH BREAKOUT
(07:53) Matt Reynolds:I POSTED LAST NIGHT TO LOOK FOR THE ES TO TEST 1690 AREA
(07:53) Matt Reynolds:THEN SUPPORT WOULD BEGIN TO COME IN
(07:53) Matt Reynolds:AS ES APPROACHES THE TOP OF THE PZ ON THE WEEKLY
(07:53) Matt Reynolds:BUYERS WILL START TO ENTER THE MARKET
(07:54) Matt Reynolds:AND BULLS WILL ATTEMPT TO MAINTAIN CONTROL OF THE MARKET
(07:54) Matt Reynolds:WEEKLY DID NOT GET A CLOSE ABOVE THE MIDPOINT BETWEEN PIVOT AND MR1
(07:54) Matt Reynolds:SO THAT TELLS US TO EXPECT IT TO REVERSE TO THE PIVOT AND POSSIBLY ATTEMPT TO THE DOWNSIDE
(07:55) Matt Reynolds:IT IS FAILING TO BREAKOUT OF THE BALANCED OSCILLATION AREA
(07:55) Matt Reynolds:NO CLOSE ABOVE THE MIDPOINT BETWEEN PIVOT AND MR1
(07:55) Matt Reynolds:SEE HOW IT TOUCHED IT AND THEN CLOSED BELOW IT
(07:55) Matt Reynolds:FAILURE EXPECT REVERSE TO THE PIVOT
(07:56) Matt Reynolds:I WOULD NOT BUY THIS THING UNTIL THE DAILY FAILS TO THE DOWNSIDE
(07:56) Matt Reynolds:AND IT HAS NOT YET
(07:56) Matt Reynolds:STILL HAS TO RETRACE AFTER MAKING BEARISH BREAKOUT
(07:57) Matt Reynolds:STILL WANTS TO TEST TOP OF PZ ON WEEKLY LOOKS LIKE
(08:08) Matt Reynolds:SOME BUYERS CAME IN NEAR MS3 AND TOP OF PZ ON WEEKLY
(08:08) Matt Reynolds:HENCE THE LONG WICK
(08:09) Matt Reynolds:INTERESTING THING EURUSD IS ABOVE THE PIVOT AND INCREASING IN VALUE ON YEARLY AND QUARTERLY PROFILES
(08:09) Matt Reynolds:ALSO ABOVE TOP OF PZ ON QUARTELRY
(08:09) Matt Reynolds:AND ATTEMPTING TO MAKE BULLISH BREAKOUT
(08:10) Matt Reynolds:MAYBE WE ARE GOING TO START SEEING THE ES AND THE EURUSD GO INTO A NEGATIVE CORRELATION PATTERN
(08:11) Matt Reynolds:IT HAD BEEN POSITIVELY CORRELATED IN THE PAST
(08:11) Matt Reynolds:MEANING THEY MOVE IN TANDEM
(08:11) Matt Reynolds:NEGATIVE CORRELATION THEY MOVE OPPOSITE
(08:11) Matt Reynolds:KEEP AN EYE ON THIS
(08:12) Matt Reynolds:THIS WOULD BE A MAJOR CHANGE
(08:12) Matt Reynolds:IF THIS NEGATIVE CORRELATION HOLDS
(08:12) Matt Reynolds:THINK ABOUT WHAT THAT MIGHT MEAN
(08:13) Matt Reynolds:IF THE EURO IS MORE VALUEABLE AND INCREASING IN VALUE AGAINST THE US DOLLAR
(08:13) Matt Reynolds:NORMALLY EUROPEANS WOULD CONVERT EURO TO US DOLLAR THEN BUY US STOCK
(08:13) Matt Reynolds:BUT IF STOCK INDEX GOING DOWN AND EURO GOING UP
(08:14) Matt Reynolds:THAT IS POSSIBLY HINTING THAT EUROPEANS ARE RELUCTANT TO BUY US STOCK
(08:14) Matt Reynolds:EITHER THEY FEEL IT IS ALREADY OVER BOUGHT
(08:14) Matt Reynolds:OR THEY ARE WORRIED ABOUT WHEN THEN SELL THE STOCK THEY WILL GET PAID IN US DOLLAR.
(08:15) Matt Reynolds:AND THE US DOLLAR COULD BE IN FOR SOME MAJOR DECREASES IN VALUE
(08:15) Matt Reynolds:WITH THE CONTINUED INCREASE OF THE NATIIONAL DEBT
(08:15) Matt Reynolds:AND CHINA'S RELUCTANCE TO BUY OIL AND OTHER COMMODITIES IN US DOLLAR
(08:16) Matt Reynolds:THE CURRENT WORLD DENOMINATED CURRENCY
(08:16) Matt Reynolds:IF THIS NEGATIVE CORRELATION HOLDS THEN EXPECT STOCK INDICES TO PULL BACK ES COULD GO TO THE PIVOT ON THE QUARTERLY
(08:17) Matt Reynolds:1641.00 AREA




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