Where is market heading to?

Thanks to Gak for the pic

A word for bears: We don't forget about you and wondered the best way to convey this bitter tasted word: "upset" . Our old friend M. Monte gave us a hand with this phenomenal masterpiece: "Desilusão" on duet with Paulinho da Viola. 

Enjoy every1,  life is most important thing, always: 

Vamo' arriba la Celeste!!!

They were there from the beginning. Even before some of the current FIFA WC contenders knew anything about futbol, they were WC Champions.

Today Urugay is news but there is nothing new for ppl passionate about true futbol. Even if I am not Uruguayan I know very well about their relentless spirit about this sport. Newcomers may feel the way they beat Ghana today  was just luck... Let me tell you something: very few, if any team in the world, would have fought until the very end and the very limits of rules to defend their goal as they did today. Surprise,?  not at all, check back Maracanazo 1950 and you will see how these ppl fight to the very end no matter if odds were brutally against them. Charrua spirit





I know: " lack of sportmanship by hand goaling last ball of the match". If you ever played futbol with your heart you know that is not a fault, even if it deserves red card. "All or nothing at all"   is the name of WC, and you only win that game playing to your skin, and only a handful of teams know about how to play it. Uruguay is definitely one of them.

Lack of class???? OMY did you see how Abreu shot last penalty??? How many teams have players who are able to make such a classy, magnificent, shot to define a quarter final??? for sure Ghana has not, that is one of the reasons for the result.


Vamos la Celeste!!!! Hoy volviste a demostrar!!!!!

Amazing break down

Hands down, bears won it fair and square.
To be honest I didn't expect such a move . However I' d wait to see weekly close before drawing conclusions.
GL

Don't fall in love with shorts.

Accumulated a few calls at low 1070 on Friday .

I know everything looks so bearish uh? Specially at some blogs.
Bullish action   to resume strongly  early next week.

Keep your own analysis upfront, always. 

Daily close above 1084 = bull case stands

Pullback is likely over

The expected 1090 level was achieved yesterday. We may go a little lower ( ES1084 area) today which means a very important pivot point IT wise.
I ll give 70% chances we start a new and strong leg up from there.
30% chances we break down, in such a case expect a serious sell off.

GL

Next steps

IT stance remains bullish,

Regarding ST we had some pullback today  as expected despite huge gap up.

For tomorrow, we may have a gap up and some strength, but I believe pullback is not done yet, we still might visit 1090 or lower.

GL

Expect more pullback (weakness) on coming days

EOW update

Hi everyone,

Here is an update of the last post. Not posted much ever since, given my thoughts haven't changed much

Key levels respected:

Pattern, BBands, and MCOS all in sync as expected

And this is an updated of a chart posted on 05-25, when "doom" was all around the blogsphere :). Enjoy 

Isn't it a buy?

ST play these days

Played long from 1050 area to 1080 area a couple of times.
Expecting some pullback today, again, just to reload longs.

No changes in the road map

I am still seeing this as an opportunity to buy

GL