The consensus is usually wrong. But this has implications for ST which the bears may not like.
Gap down tomorrow?
Started by
dcengr
, Jul 28 2011 12:02 AM
1 reply to this topic
#1
dcengr
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Posted 28 July 2011 - 12:02 AM
Qui custodiet ipsos custodes?
#2
arbman
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Posted 28 July 2011 - 10:07 AM
AmericanBulls says WAIT based on candlesticks, don't do anything, it was short yesterday, it says go in cash and wait.
http://americanbulls...m...=NYSE&Typ=S
I think we will see a slightly lower lows either into the close and probably rallies back up a bit, it should be about to be done with the bounce right here. Tomorrow should be about the same unless it decides to satisfy the 5 monthly average range (70 points) down to 1287-1292. The monthly needs to close below 1300 to confirm a monthly price change or a continuation for next month. The weekly range also calls for 1292. I guess if SPX=1292 is not reached, it could be more bullish for next week.
http://americanbulls...m...=NYSE&Typ=S
I think we will see a slightly lower lows either into the close and probably rallies back up a bit, it should be about to be done with the bounce right here. Tomorrow should be about the same unless it decides to satisfy the 5 monthly average range (70 points) down to 1287-1292. The monthly needs to close below 1300 to confirm a monthly price change or a continuation for next month. The weekly range also calls for 1292. I guess if SPX=1292 is not reached, it could be more bullish for next week.
