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Possible bottoming today


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#1 qqqqtrdr

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Posted 22 January 2010 - 09:37 AM

Looking for a possible bottom today... We need a little bit on an extension on the sell-off today to put short term charts oversold..... Also needed... Large CBOE/Equity Put/Call ratio ( daily ) Small OEX Put/Call Ratio ( daily ) Increase in NYSE volume and decrease in NASDAQ volume.... This would give us a nice bottom.... Barry

#2 Iblayz

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Posted 22 January 2010 - 09:57 AM

Essentially the same chart posted on December 14th but with a lot more "noise". SPX012210.png

#3 Trendy

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Posted 22 January 2010 - 10:12 AM

something I watch for -- seeing a monthly chart sweep signal in play to test December's SPX low

#4 tommyt

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Posted 22 January 2010 - 10:19 AM

Looking for a possible bottom today... We need a little bit on an extension on the sell-off today to put short term charts oversold.....

Also needed...

Large CBOE/Equity Put/Call ratio ( daily )
Small OEX Put/Call Ratio ( daily )
Increase in NYSE volume and decrease in NASDAQ volume....

This would give us a nice bottom....

Barry



a nice bottom or a ST bounce? internals look like crap...next SPX support 1090-95:

spx

#5 porsche911sg

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Posted 22 January 2010 - 01:16 PM

Looking for a possible bottom today... We need a little bit on an extension on the sell-off today to put short term charts oversold.....

Also needed...

Large CBOE/Equity Put/Call ratio ( daily )
Small OEX Put/Call Ratio ( daily )
Increase in NYSE volume and decrease in NASDAQ volume....

This would give us a nice bottom....

Barry



a nice bottom or a ST bounce? internals look like crap...next SPX support 1090-95:

spx

Looks like VST bottom to me some bounce over next week to add to short positions.
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!