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TOPIC: BARC

BARC 25 Nov 2012 10:27 #1

  • waverider2
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I think a lot of people will be looking for that shooting star at about that 265mark. That is also looking like a major double top.
We will see...
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BARC 23 Nov 2012 20:15 #2

  • ftse80
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Does anyone see 258-261 as a top?
-fibbo extension
-strong resistance
-negative divergence rsi
-Possible end of wave 5?
I am planning to place short with stop above 265

Ftse80
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BARC 12 Nov 2012 07:59 #3

  • Food4Thought
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I see a short also. The trendline on your chart and rising wedge are broken to the downside (using the more reliable closing prices). Support is found with MA50 at 224.50, which is also the 23.6% fib of the 148 move. Agree also thta we might see a bounce to 235 after 224. Final target 209, being MA200. IMO

F4T
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BARC 10 Nov 2012 00:19 #4

  • waverider2
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anyone else thinking a short is in the making?

Possible a retest to the 235-240 mark which have been previously sold off..+ MACD divergence.

dl.dropbox.com/u/4385922/barc0911.png
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