Intraday
Started by
allan
, Jun 28 2012 11:59 AM
3 replies to this topic
#1
allan
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Posted 28 June 2012 - 11:59 AM
Bullish above the 20 ma, stops at todays low.
#2
ogm
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Posted 28 June 2012 - 12:36 PM
Nasdaq already broke below that. May be leading.
And this pattern may just be a bear flag.
#3
StillLearnin
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Posted 28 June 2012 - 01:17 PM
Nasdaq already broke below that. May be leading.
And this pattern may just be a bear flag.
At close yesterday market had a VST negative divergence between price and XLY/XLP which was telling. Also
ES:RTH Ratio on the daily exceeded its 2 std deviation yesterday. Those clues are playing out now. I did not
take the short because by my measure the market is oversold ST and IT and we are still in a bull market . However,
intra day today RSP is only down 1.00% to SPY 1.20%. To me this suggest odds for much further down are is limited.
I don't see much reason to go long quite yet either.
#4
allan
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Posted 29 June 2012 - 05:10 AM
Nasdaq already broke below that. May be leading.
And this pattern may just be a bear flag.
The NDX was leading but bounced off weekly support. I will post the chart on a new thread.
