Mark S. Young
Posted 08 March 2017 - 05:14 PM
A Lot of Stuff Turning Down, But...Investors.com is getting pretty Bearish pretty fast. Also, I have a "Best Fade" Buy.
I think we chop a bit lower, then bounce properly, then take it down, prior to a rally into tax time.
I'll have to see how the indicators set up for fine tuning.
M
Mark S Young
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Member
Posted 08 March 2017 - 09:28 PM
Some internal deterioration has taken place. If its a strong bull market, the Mc Osc should bounce in here...right into WWW also. Remember, the real test is a bounce:
http://stockcharts.c...id=p83733137120
Member
Posted 08 March 2017 - 09:33 PM
MCO bounce coming? IDES of March one week away. Double top then?.
A fool and his money... (the second mousie gets the cheese)
Posted 09 March 2017 - 02:00 AM
Member
Posted 09 March 2017 - 09:08 AM
Using NQ JUN 5360 as the pivot now...still possibility for one more ramp up toward 5400 if it holds through today, otherwise may see it go over the edge similar to Crude yesterday....
VERY extended now on this leg up from November, and looks like NAZ summation about to take out the Feb lows today...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Volume Dynamics Specialist
Posted 09 March 2017 - 09:28 AM
All this weakness on one side of the market... look at the financials and the semis... pushing the highs.
I smell a short squeeze setting up for Friday...
Monster gap - wipeout -
Then after a few hours of frantic covering
Down we go.
Member
Posted 09 March 2017 - 01:34 PM
day after day of crappy breadth as it churns up here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 March 2017 - 02:06 PM
Going after the AM spike low on NQ...bottom of the bag finally ready to give way?
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 March 2017 - 03:34 PM
Nope, couldn't hold 5360 on the backtest....
Looks like one more ramp job still in the works...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Volume Dynamics Specialist
Posted 09 March 2017 - 03:57 PM
What a setup for a monster gap up and spectacular short covering flameout...
