Remember my last hourly buy signal on 4/15. That buy signal topped out in 3 sessions at 1395. 6 trading days later we are trading 5 points higher. Remember it's not that 70 point vault in 3 sessions that built the bullish sentiment. It's that next 6 days of sideways churn (5 SPX points) that has built the bullish sentiment and caused bearish capitulation. The boyz know the timeless secret - time, more than price helps build sentiment. Seen this movie before.
But until we get a break on the hourly charts, it's mentally exhausting to short and wait. So i wait...
Sentiment
Started by
NAV
, Apr 28 2008 02:05 PM
6 replies to this topic
#2
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 28 April 2008 - 02:20 PM
http://stockcharts.com/c-sc/sc?s=$ONE:$SPX&p=D&yr=5&mn=9&dy=0&i=p16300888613&a=117925077&r=6164.png
BIG...BIG ....BIG..bounce coming..
BIG...BIG ....BIG..bounce coming..
Edited by Teaparty, 28 April 2008 - 02:30 PM.
#3
blustar
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blustar
Posted 28 April 2008 - 02:40 PM
http://stockcharts.com/c-sc/sc?s=$ONE:$SPX&p=D&yr=5&mn=9&dy=0&i=p16300888613&a=117925077&r=6164.png
BIG...BIG ....BIG..bounce coming..
What is this ratio? I would guess you are bearish.
blu
#4
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 28 April 2008 - 02:46 PM
It's spx inverted
#5
isaac613
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Member
Posted 28 April 2008 - 02:55 PM
VERY nice chart tea. Still miss your blogs every morning though. Thanks for what you bring though.
#6
Spectacular Bid
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Posted 28 April 2008 - 02:56 PM
Tea Love your charts. Was having withdrawal without them. Well stated NAV as usual.
#7
StillLearnin
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Posted 28 April 2008 - 05:21 PM
Tea...
Great way to put it..... 
SL
SL
