Sorry, can't post the chart atm, but take a look how it broke down. The market is following the pattern.
Here is a telll... BKX daily
Started by
ogm
, Jan 09 2009 03:57 PM
5 replies to this topic
#2
q4wer
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Posted 09 January 2009 - 04:05 PM
The pattern indicates another push to a higher high.
But I feel that the market will go down right from here. too bad!
Edited by q4wer, 09 January 2009 - 04:06 PM.
#3
relax
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Posted 09 January 2009 - 04:07 PM
bkx also broke down in the last week of 2008
and we still managed to go up the following week
not saying it will happen again, but trying to stay unbiased
below es 881 on an hourly and bears have some game
bulls have game above spx 918 and 927
enjoy the weekend guys
#5
inamosa
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Posted 09 January 2009 - 05:15 PM
Needs to bounce right around here
Otherwise, a return to the November lows for this market...below those lows, in fact
Edited by alysomji, 09 January 2009 - 05:15 PM.
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#6
inamosa
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Posted 09 January 2009 - 05:19 PM
Here's XLF...an at least short-term bounce here is likely...otherwise, one more level of support below...and then after that, adios!
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
