And it will. Lots of positive Divergences. The bears need to get their fix first though.
The market wants to go up
Started by
isaac613
, Feb 13 2009 11:29 AM
12 replies to this topic
#2
tommyt
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Posted 13 February 2009 - 11:42 AM
[quote name='isaac613' date='Feb 13 2009, 08:29 AM' post='433750']
And it will. Lots of positive Divergences. The bears need to get their fix first though.
Slightly different take...after the reversal off the lows yesterday, all the 15-60 min stuff had great bull divergences and turned up. The bull has the ball for the moment, and is wasting its energy going nowhere. I give this signal more time though, and if by Tuesday morning, we do not look a bunch better, we test SPX 800 again. Stimulus vote supposedly coming zoon, stay tuned.
And it will. Lots of positive Divergences. The bears need to get their fix first though.
Slightly different take...after the reversal off the lows yesterday, all the 15-60 min stuff had great bull divergences and turned up. The bull has the ball for the moment, and is wasting its energy going nowhere. I give this signal more time though, and if by Tuesday morning, we do not look a bunch better, we test SPX 800 again. Stimulus vote supposedly coming zoon, stay tuned.
#3
atlasshrugged
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Posted 13 February 2009 - 11:53 AM
what market are you looking at??? the
#4
zoropb
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Posted 13 February 2009 - 11:54 AM
And it will. Lots of positive Divergences. The bears need to get their fix first though.
I think we are around the low 828+-
Z
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#5
espresso
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Posted 13 February 2009 - 12:01 PM
The market i see is going down badly!
Just a bit of churning around today and maybe Tuesday.
Edited by espresso, 13 February 2009 - 12:02 PM.
Spesi FF
#6
Swiss Trader
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Posted 13 February 2009 - 12:31 PM
And it will. Lots of positive Divergences. The bears need to get their fix first though.
What are you talking about?
We have closed this week with new lows
http://stockcharts.com/c-sc/sc?s=$INDU&p=W&b=3&g=0&i=p44673262082&r=675.png
#7
eminimee
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I don't care who's fur is flying...
Posted 13 February 2009 - 12:42 PM
Do you see what I see? On a ST note anyways?...you might be right...target 860ish...more specifically...415 OEX.(hint: possible neckline at 395) I've got internals as crap but the RSI on the SPX weekly is acting like Superman. I like up on ndx because of the pattern....I hate the pattern on spx. OEX did bottom yesterday at the Jan 20th low..possible double bottom with bullish divergence...but the BPOEX looks like crap.....
...below yesterdays low on oex is bear....above 415 is bullish to 450 (SPX 950).....and bullcrap chop in between....
There.....I'm glad I've made it perfectly clear of what's happening here....price is KING
...remember....flat is a position if you aren't addicted!!...if addicted...take your scalps.....
#8
eminimee
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I don't care who's fur is flying...
Posted 13 February 2009 - 12:53 PM
PS..we really don't want to lose 387 oex south this afternoon...
#9
isaac613
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Posted 13 February 2009 - 12:54 PM
I like it Tea, that was some funny stuff. 
I think everyone here is addicted though if not why go to Tradertalk at all.
I think everyone here is addicted though if not why go to Tradertalk at all.
#10
isaac613
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Posted 13 February 2009 - 12:56 PM
One more thing to mention, yesterday at this time we were down 300 today the dow is down only 100, could mean we end up 200 today. The market will keep you posted. Position yourselves for the close boys and girls. Its comin.
