See if it works out.
Bought the dip
Started by
CLK
, Apr 18 2013 09:13 AM
3 replies to this topic
#2
ogm
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Posted 18 April 2013 - 09:17 AM
See if it works out.
if we break 1540 cash this may accelerate pretty fast.
Aside from that this still looks like crap and continues trending lower on awful internals.
And sentiment seems to be as bullish as ever. Polls were more then 2 to 1 long again.
I think VIX 20+ is in the works easily.
Edited by ogm, 18 April 2013 - 09:19 AM.
#3
Rogerdodger
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Posted 18 April 2013 - 09:27 AM
TRIN looks like price may try to hold around this SPX 50ma area. But it could be like late October and February which saw the same high TRIN reading...a pause only.
Edited by Rogerdodger, 18 April 2013 - 09:28 AM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
ogm
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Posted 18 April 2013 - 09:41 AM
...a pause only.
Thats exactly what i'm thinking.
A pause at 1540 support to resolve some ST ovesold, with a bulk of selling next week.
Just eyeballing weekly candles, next week may be quite brutal.
