1. Nikkei non reaction to US rally. Highly impossible.
---> I've not seen this happen. ever in my whole trading life without the spx fall heavily from here. At least 100 points.
Sounds like a dead give away
2. The gradual declining volume sure this rings a bell.
3. IYB's Signal has too many non confirmation, it cannot be. I've done research the basis of the SS has been a very sound method of predicting
4. NYMO really talking out and singing
5. The 11 SPX distribution days does not seem normal over here.
Good chance rally has ended
Started by
porsche911sg
, Nov 12 2009 04:01 PM
2 replies to this topic
#1
porsche911sg
-
- Traders-Talk User
- 2,907 posts
Member
Posted 12 November 2009 - 04:01 PM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
qqqqtrdr
-
- Traders-Talk User
- 3,251 posts
Member
Posted 12 November 2009 - 07:30 PM
My charts look ominous short term... Increased trading with higher Nasdaq volume.. Still short term overbought... My tea leaves are telling me we could have a trend down through mid-December. At that time we should have a strong rally since BDI is quite strong...
Barry
#3
porsche911sg
-
- Traders-Talk User
- 2,907 posts
Member
Posted 12 November 2009 - 10:55 PM
I think we will trend down till end of month. can't tell further than this.My charts look ominous short term... Increased trading with higher Nasdaq volume.. Still short term overbought... My tea leaves are telling me we could have a trend down through mid-December. At that time we should have a strong rally since BDI is quite strong...
Barry
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
