The pattern of lower highs is now officialy broken.

Err.. I mean higher lows It was broken a bit yesterday on intraday basis. But now its broken even more. So its official. Of course if we go back to 1929, we're technicaly still in uptrend ... btw, possible closing low on SPX today. Lower then August low.

Edited by ogm, 08 January 2008 - 03:22 PM.

But yet not close to the actual August low that day....... Just for the record, are you trying to convince the board or yourself?

But yet not close to the actual August low that day.......

Just for the record, are you trying to convince the board or yourself?

Just Hiker.

our trading styles differ in terms of time horizon (mine generally being much shorter, you being a more long-term/intermediate horizon trader), but this afternoon's move struck me as very decisive, with significant implications for at least the next few months. even though I was on the right side of it I am still struck by the severity of this price failure. I have not seen a market like this in years

our trading styles differ in terms of time horizon (mine generally being much shorter, you being a more long-term/intermediate horizon trader), but this afternoon's move struck me as very decisive, with significant implications for at least the next few months. even though I was on the right side of it I am still struck by the severity of this price failure. I have not seen a market like this in years

Plus the failed attempt at a rally then new lows.

Err.. I mean higher lows

It was broken a bit yesterday on intraday basis. But now its broken even more. So its official.


Of course if we go back to 1929, we're technicaly still in uptrend ...

btw, possible closing low on SPX today. Lower then August low.

Are you buying or holding anything these days OGM?

Err.. I mean higher lows

It was broken a bit yesterday on intraday basis. But now its broken even more. So its official.


Of course if we go back to 1929, we're technicaly still in uptrend ...

btw, possible closing low on SPX today. Lower then August low.

Are you buying or holding anything these days OGM?

I'm looking to play a small rally if we get to low 1300s. Just holding a couple small long positions and a bunch short positions. Though I took some profits yesterday and today.

Edited by ogm, 08 January 2008 - 07:51 PM.