I really really really really really really really really really didn't want to use the word,.BUT I had to express what the chart was saying !
Yeah, now you know that it will take at least 3 posters to scream about a meltup to unjinx it Dev.
Now looking at the NYSI and the NYAD line, it is not supportive of a crash in the least bit, in fact the NYAD and NAUD are signaling that any further drop will all likely come back unless we do see a fundamental new event like cascading defaults in europe, etc. In fact, NYMO closed right at the UTL from the Nov lows and is now deeply oversold so we shouldn't be surprised by a reflex rally tomor or Friday at the latest.
Being an 80wk Hurst low, we could easily see scary drops in the next couple of weeks, but nothing I have suggests 15-25% drops here in a short period of time unless we get get that fundamental shock and I don't think the technicals can predict that at this point.
boy you know we gotta balance how those jinx and unjinx work.
i just wanted to share that the MOMO sig was showing her beautiful...or ugly face was all. The other indicators have shown a tendency to cross a line a key points,. but they really don't come close to telling us
anything about when MOMO is about to start or end.
best trades to yas
Edited by Mr Dev, 05 May 2010 - 08:03 PM.