well see its only an opinion
right now i think we rally to around 835 and then go back down to challenge or take out slightly todays lows
then after that what i want to see is a rally of 5 waves up in the sp instead of 3 waves
several stocks have already put in their lows and oil seems to be putting in a low here
lets see what happens.
g
the bear will end this week
Started by
gannman
, Feb 02 2009 12:18 PM
4 replies to this topic
#1
gannman
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Posted 02 February 2009 - 12:18 PM
feeling mellow with the yellow metal
#2
tommyt
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Posted 02 February 2009 - 12:31 PM
I am taking a small long shot here @ spy 82.56...81.75 stop...the ST internals rounding up with some bull divergences..wouldnt chase though.
#3
humble1
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Posted 02 February 2009 - 12:35 PM
you're a breath of fresh air, g-man: though that splendid test of the (now even thicker) concrete floor was pretty convincing as the last bear trap. wow! there's a whole yellowstone full of them trapped down here.
#4
gannman
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Posted 02 February 2009 - 12:47 PM
humyou're a breath of fresh air, g-man: though that splendid test of the (now even thicker) concrete floor was pretty convincing as the last bear trap. wow! there's a whole yellowstone full of them trapped down here.
i dont see any real selling pressure here fwiw
the important thing to me is that we rally in 5 waves
several stocks like amzn rimm ibm have seen their bear market bottoms
good trading
g
feeling mellow with the yellow metal
#5
Bullryder
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Posted 02 February 2009 - 02:54 PM
the important thing to me is that we rally in 5 waves
several stocks like amzn rimm ibm have seen their bear market bottoms
good trading
g
IBM has some giant gaps under 60. That is probably where it is going this year.
