http://stockcharts.com/c-sc/sc?s=$BKX&p=D&b=5&g=0&i=t04906627019&r=1398.png
$BKX exhaustion gap?
Started by
spielchekr
, Dec 27 2006 09:54 AM
12 replies to this topic
#2
Sentient Being
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Posted 27 December 2006 - 10:09 AM
I tend to agree with you, I've been watching one bank in particular. But then again, maybe it's just a runaway train and I'm not on it.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
pisces
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Posted 27 December 2006 - 10:29 AM
http://stockcharts.com/c-sc/sc?s=$BKX&p=D&b=5&g=0&i=t04906627019&r=1398.png
hi there, maybe yes ,maybe no,
looking at the daily chart,this month we had a breakaway gap , a continuation gap and now maybe an exhaution gap,maybe we need to need to wait till the day is over before we label it,
overall it maybe best to,let " aire 88, " projection of spx 1498 +--24pts come in before we become bearish.
he has yet yo be wrong on any of his projections ......
pisces,
#4
eminimee
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I don't care who's fur is flying...
Posted 27 December 2006 - 10:47 AM
breakout...may get confirmed or denied with a test of TL it's just gone above...I also just got a daily buy on OEx
http://stockcharts.com/c-sc/sc?s=$BKX&p=M&yr=9&mn=6&dy=0&i=p89928301412&a=75610474&r=789.png
http://stockcharts.com/c-sc/sc?s=$BKX&p=M&yr=9&mn=6&dy=0&i=p89928301412&a=75610474&r=789.png
Edited by Teaparty, 27 December 2006 - 10:49 AM.
#5
jawndissedi
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Posted 27 December 2006 - 10:58 AM
The bond market says yes.http://stockcharts.com/c-sc/sc?s=$BKX&p=D&b=5&g=0&i=t04906627019&r=1398.png
Da nile is more than a river in Egypt.
#6
jawndissedi
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Posted 27 December 2006 - 11:39 AM
My favorite canary in the creditor coal mine is New Century Financial. I woke up this morning and found it on the bottom of its cage:
Da nile is more than a river in Egypt.
#7
pisces
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Posted 27 December 2006 - 12:18 PM
My favorite canary in the creditor coal mine is New Century Financial. I woke up this morning and found it on the bottom of its cage:
LOVELY !!!!
Pisces.
#8
spielchekr
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Posted 27 December 2006 - 12:49 PM
Let's see if this diamond pattern collaborates.
http://stockcharts.c...91695&r=906.png
http://stockcharts.c...91695&r=906.png
The bond market says yes.
#9
spielchekr
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Posted 27 December 2006 - 02:11 PM
Hmm. Either bad data, or somebody killed that diamond pattern just like that.
#10
dcengr
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Posted 27 December 2006 - 06:19 PM
As you know, I've been harping on BKX for a few weeks now. The vehicle to go short on it is XLF, but even as I'm bearish on it, the time's not quite right yet.
I'm waiting for the nut to crack, so to speak. This is one where I will wait until a large range down day comes along. I think some hedge funds are bending over backwards getting into financials, just like they did AAPL and RIMM.
When they're done, the exit will be just as furious. But that day ain't here yet.. soon though.
Qui custodiet ipsos custodes?
