Da cups and da handles pattern

i don't think it's gonna work today.

Edited by zigzag, 26 February 2009 - 12:00 PM.

a breakout above 780 on SPX needs broader participation......from Transports, Utilities, and the QQQQ......add in that dog, MSFT, too...lol

a breakout above 780 on SPX needs broader participation......from Transports, Utilities, and the QQQQ......add in that dog, MSFT, too...lol

I'm bearish but I'm on the fence position wise at the moment. The Naz Comp and 100 is showing the most weakness but what I don't get is that RIMM, GILD, and MSFT are the only 3 of the 10 top holdings in the 100 that are down despite the 100 trading at the low of the day.

I'm thinking there is still a shot that the S&P will test 790 before coming back down. I just don't see what will accelerate us to the downside at the moment.

Maybe weak DELL earnings AH?

As oversold as we were on Monday it wouldn't surprise me if we chop sideways to higher into the end of week.

If anyone else sees something incredibly bearish regarding internals feel free to correct me. Otherwise I'm staying flat here.

So, NAV, have you gone long or not? You're leaning long, but you haven't pulled the trigger yet. Something like that? What price level would it take?

So, NAV, have you gone long or not? You're leaning long, but you haven't pulled the trigger yet. Something like that? What price level would it take?

gone long ? You teasing me, right ?