33 replies to this topic

[eminimee]

oex has made a nominal new high...and at the moment unconfirmed by spx and ES..fwiw

Eminimee, what the implication of your statement?If the Oex made a nominal new high what does that mean for spx and es or vice versa

..if the nonconfirmation holds ..it's bearish..

[eminimee]

Man..this would be butt ugly..
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=2&mn=8&dy=0&i=p22397465519&a=104688425&r=9079.png

[SemiBizz]

Just a slippin' and a slidin' is all that's going on here folks... Because they CAN

[eminimee]

Semi..I'm not sure what you are saying...slippin' for a pull back or sliden' for something more bearish. ?

Edited by eminimee, 23 November 2009 - 12:38 PM.

[eminimee]

as per the 517/520 area I mentioned last week when I posted this chart...it's a key zone (2004 lows)...I have to say a daily close above 520 would be bullish...but I'd really like to see the monthly bar close above there for confirmation...
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=20&mn=11&dy=30&i=p81073908466&a=71542656&r=8811.png

[SemiBizz]

Semi..I'm not sure what you are saying...slippin' for a pull back or sliden' for something more bearish. ?

The long price candles on the hourly denote the existence of an unstable price area...

I call these "slip zones"

If you look at the three long candles in the area defined by the white horizontal lines, they all have one thing in common...

First hour of trading...

So the operators know that and set up the futures accordingly. Can see they tried to push it through there on 11/11 also and failed...

edit: You may have noticed also throughout this rally that whenever resistance is encountered on the way up, it is standard procedure to gap over resistance on the openings...

Edited by SemiBizz, 23 November 2009 - 01:06 PM.

[SuperSwing]

Kind of agree with what you said. Everytime when it goes up to the high, falls a little, then a bit higher, then falls again. We need some "extra" selling to push it down. So far, that "extra" selling is not here.

The VIX is crashed today. Maybe it's setting up for a spring back in late Oct.

Just a slippin' and a slidin' is all that's going on here folks...

Because they CAN

[SuperSwing]

And if this thing repeats like 11/11-11/13, it may go up again later and falls a bit less, then... new high.

Again, no one else is selling except the machines. We need a big pocket to sell.

Semi..I'm not sure what you are saying...slippin' for a pull back or sliden' for something more bearish. ?

The long price candles on the hourly denote the existence of an unstable price area...

I call these "slip zones"

If you look at the three long candles in the area defined by the white horizontal lines, they all have one thing in common...

First hour of trading...

So the operators know that and set up the futures accordingly. Can see they tried to push it through there on 11/11 also and failed...

edit: You may have noticed also throughout this rally that whenever resistance is encountered on the way up, it is standard procedure to gap over resistance on the openings...

Edited by SuperSwing, 23 November 2009 - 02:00 PM.

[Jnavin]

It's odd that oil can't get back above $80, if reflation is the theme.

[stocktrender]

It's odd that oil can't get back above $80, if reflation is the theme.

I don't think we close up that much today. If not down. Today's open was a fakeout of all fakeouts. Great shorting opportunity. IMO.