Trendline in price from the lows is breaking, trendline on MCO is breaking, Summations turning down.
Overall pattern Sign of the bear and its breaking down with all bells and whistles.
Solid technical sell
Started by
ogm
, Feb 12 2009 10:05 AM
5 replies to this topic
#2
10Shekel
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- Validating
- 560 posts
Member
Posted 12 February 2009 - 10:20 AM
OGM,
Check out THS - it crashed the gap-up from EO Dec 08; Stochastic is doing a nose dive + earnings Q4 after market close today...could get ugly.
#3
ogm
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- Traders-Talk User
- 13,780 posts
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Posted 12 February 2009 - 10:37 AM
Thanks, Cirrus. I know nothing about the company, but the setup looks good.
#4
pdx5
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- Traders-Talk User
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I want return OF my money more than return ON my money
Posted 12 February 2009 - 10:58 AM
I am getting very impaqtient here....waiting for SPX to get near 800
where I will add 10% to longs. Come on bears...push just a bit harder?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
Russ
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- Traders-Talk User
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Posted 12 February 2009 - 11:08 AM
I am getting very impaqtient here....waiting for SPX to get near 800
where I will add 10% to longs. Come on bears...push just a bit harder?
Maybe get a bounce from there but 600 is the more likely target going into April.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
pdx5
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- Traders-Talk User
- 9,771 posts
I want return OF my money more than return ON my money
Posted 12 February 2009 - 09:30 PM
Bears disappointed me again today. No where near 800 after waiting 2 months and 3 weeks.
How much more bad news is needed to make new lows ????
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
