http://www.traders-t...?...ic=65275=
still applies.
What's bearish about this ?
Started by
NAV
, Jan 23 2007 05:45 PM
16 replies to this topic
#11
eminimee
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I don't care who's fur is flying...
Posted 23 January 2007 - 06:36 PM
#12
NAV
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Posted 23 January 2007 - 06:45 PM
http://www.traders-t...?...ic=65275=
still applies.
EM,
I think we are on the verge of a powerful impulse developing to the upside here. Break of 1429.50 will change my mind.
#13
eminimee
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I don't care who's fur is flying...
Posted 23 January 2007 - 06:53 PM
Impulse to the 670/74 area on oex....then a 7 to 8% correction is my FF.....but as I've said before ....a weekly close above the latter of those two numbers would change my mind.
#14
da_cheif
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Posted 23 January 2007 - 07:11 PM
coming out of the hole of 1990 the dow 30 ad line collapsed while the dow went up 2000 pts......easy to understand......just put ur thinking cap on....Weird, I know breadth was darn good today.. but looking at DJIA breadth only.. of the 30 stocks, only 5 more were advancing than declining today.. for a day when it went up 60 points...
#15
dcengr
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Posted 23 January 2007 - 07:47 PM
coming out of the hole of 1990 the dow 30 ad line collapsed while the dow went up 2000 pts......easy to understand......just put ur thinking cap on....Weird, I know breadth was darn good today.. but looking at DJIA breadth only.. of the 30 stocks, only 5 more were advancing than declining today.. for a day when it went up 60 points...
Cheif, its not that I don't understand the mathematics about it
Qui custodiet ipsos custodes?
#16
IndexTrader
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Posted 24 January 2007 - 01:38 AM
Keeping it simple stupid. 60-min momentum has turned up. We have broken above the bull flag channel on 60-min. Yes, we could test the bottom of the channel one more time. But that could be the leg down that never comes ! Good luck all.
This doesn't look like my 60 minute chart. Too many bars....different sizes. Maybe a 45 minute? My chart has 7 bars. Yours looks to have 9.
IT
#17
NAV
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Posted 24 January 2007 - 10:26 AM
Keeping it simple stupid. 60-min momentum has turned up. We have broken above the bull flag channel on 60-min. Yes, we could test the bottom of the channel one more time. But that could be the leg down that never comes ! Good luck all.
This doesn't look like my 60 minute chart. Too many bars....different sizes. Maybe a 45 minute? My chart has 7 bars. Yours looks to have 9.
IT
That's a 60-min chart. But it's from 8:00 Est - 4:15 Est. So it has two additional bars. In my experience it does not make much difference to my indicators even with those time settings.
