What's bearish about this ?
#11
Posted 23 January 2007 - 06:36 PM
#12
Posted 23 January 2007 - 06:45 PM
http://www.traders-t...?...ic=65275=
still applies.
EM,
I think we are on the verge of a powerful impulse developing to the upside here. Break of 1429.50 will change my mind.
#13
Posted 23 January 2007 - 06:53 PM
#14
Posted 23 January 2007 - 07:11 PM
coming out of the hole of 1990 the dow 30 ad line collapsed while the dow went up 2000 pts......easy to understand......just put ur thinking cap on....Weird, I know breadth was darn good today.. but looking at DJIA breadth only.. of the 30 stocks, only 5 more were advancing than declining today.. for a day when it went up 60 points...
#15
Posted 23 January 2007 - 07:47 PM
coming out of the hole of 1990 the dow 30 ad line collapsed while the dow went up 2000 pts......easy to understand......just put ur thinking cap on....Weird, I know breadth was darn good today.. but looking at DJIA breadth only.. of the 30 stocks, only 5 more were advancing than declining today.. for a day when it went up 60 points...
Cheif, its not that I don't understand the mathematics about it
#16
Posted 24 January 2007 - 01:38 AM
Keeping it simple stupid. 60-min momentum has turned up. We have broken above the bull flag channel on 60-min. Yes, we could test the bottom of the channel one more time. But that could be the leg down that never comes ! Good luck all.
This doesn't look like my 60 minute chart. Too many bars....different sizes. Maybe a 45 minute? My chart has 7 bars. Yours looks to have 9.
IT
#17
Posted 24 January 2007 - 10:26 AM
Keeping it simple stupid. 60-min momentum has turned up. We have broken above the bull flag channel on 60-min. Yes, we could test the bottom of the channel one more time. But that could be the leg down that never comes ! Good luck all.
This doesn't look like my 60 minute chart. Too many bars....different sizes. Maybe a 45 minute? My chart has 7 bars. Yours looks to have 9.
IT
That's a 60-min chart. But it's from 8:00 Est - 4:15 Est. So it has two additional bars. In my experience it does not make much difference to my indicators even with those time settings.