http://stockcharts.com/c-sc/sc?s=$DJW&p=60&yr=0&mn=6&dy=3&i=p57607844812&a=121134268&r=2196.png
Edited by Teaparty, 27 August 2008 - 07:42 AM.
Well folks....
Started by
eminimee
, Aug 27 2008 07:41 AM
7 replies to this topic
#1
eminimee
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I don't care who's fur is flying...
Posted 27 August 2008 - 07:41 AM
..I'm still bearish intermediate to long term....but at the back of my mind.....I still feel we have to lose some bears...this would do it....divergence on the daily too.. These markets are just too easy!!.....NOT!!
http://stockcharts.com/c-sc/sc?s=$DJW&p=60&yr=0&mn=6&dy=3&i=p57607844812&a=121134268&r=2196.png
http://stockcharts.com/c-sc/sc?s=$DJW&p=60&yr=0&mn=6&dy=3&i=p57607844812&a=121134268&r=2196.png
#2
milbank
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Posted 27 August 2008 - 08:02 AM
These markets are just too easy!!.....NOT!!
Amen Brother!
I couldn't/wouldn't do anything with yesterday's action. Way too tight, way too erratic.
Thanks for your morning perameters Tea.
Edited by milbank, 27 August 2008 - 08:07 AM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#3
ogm
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Posted 27 August 2008 - 08:05 AM
I'm not holding my breath.
As a matter of fact I'll be surprized if we close positive today at all. Especcialy on the Naz.
#4
eminimee
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I don't care who's fur is flying...
Posted 27 August 2008 - 08:22 AM
I'm not holding my breath.
As a matter of fact I'll be surprized if we close positive today at all. Especcialy on the Naz.
IF NDX can't hold 1875 if seen again...then I'll agree....otherwise
#5
MacRo
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Posted 27 August 2008 - 08:22 AM
Short is not a fun side of the fence to be on after a day like yesterday. Relative breadth was unexpectedly strong, there was significant program buying in brokers/banks, and sector dispersion was nothing remotely resembling the financial Armageddon/bad balance sheet pangs momentum. When small caps and $xbd close up and the option picture looks like it does, well, the noontide looks like it needs a little afternoon shakeout before we resume the primary trend
#6
eminimee
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I don't care who's fur is flying...
Posted 27 August 2008 - 09:05 AM
#7
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 27 August 2008 - 09:20 AM
if spx can close an hourly bar above 1274...it's going north..
#8
milbank
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Posted 27 August 2008 - 11:04 AM
Yep, turned out to be a much better day today.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
