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#31 goldswinger

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Posted 23 November 2009 - 02:54 PM

It's odd that oil can't get back above $80, if reflation is the theme.

I don't think we close up that much today. If not down. Today's open was a fakeout of all fakeouts. Great shorting opportunity. IMO.



Check GS, it barely moved.....

#32 nicolasillo

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Posted 23 November 2009 - 02:59 PM

eminimee,

I like this chart.....I posted something similar for spx here http://www.traders-t...mp;#entry493849

and here is the update
irx4.png



as per the 517/520 area I mentioned last week when I posted this chart...it's a key zone (2004 lows)...I have to say a daily close above 520 would be bullish...but I'd really like to see the monthly bar close above there for confirmation...
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=20&mn=11&dy=30&i=p81073908466&a=71542656&r=8811.png



#33 stocktrender

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Posted 23 November 2009 - 04:08 PM

Rest of this week should probably be down nicely. Today started out gangbusters and kept going down throughout the day. Not any strong convictions from the bulls here. Also the daily stayed on sell which is the greater sign that we should be going down pretty hard coming up soon.

eminimee,

I like this chart.....I posted something similar for spx here http://www.traders-t...mp;#entry493849

and here is the update
irx4.png



as per the 517/520 area I mentioned last week when I posted this chart...it's a key zone (2004 lows)...I have to say a daily close above 520 would be bullish...but I'd really like to see the monthly bar close above there for confirmation...
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=20&mn=11&dy=30&i=p81073908466&a=71542656&r=8811.png



#34 NAV

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Posted 23 November 2009 - 09:40 PM

http://stockcharts.com/h-sc/ui?c=$NYA...530]daulnnmy[p]

On a ST basis, we are still diverging badly against the mid-oct highs on the NYSE A/D line and on a VST basis against the Nov peak.


Another 2000 points of adv-decl required to make new recovery highs. The battle royale goes on.....in the meantime, bulls, bears, pigs, all look good !

Edited by NAV, 23 November 2009 - 09:49 PM.

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