And now I see that RSI2 breaks 90. BUT we ain't going down soon. For the NDX, I expect we'll test the breakaway gap, maybe even close slightly into it. We'll probably test it a few times within the weeks, until being a bear becomes a painful experience.
We probably hit the top for the day. The next 2 days, we're going to float near flat to slightly higher, for 3 days of fear for the bears.
Then slightly down early next week, then back up again a bit higher. Sentiment is shaping up as expected.
All in my blog.
If you were reading my blog, you would know this is what I expected
Started by
dcengr
, Apr 03 2007 09:50 AM
2 replies to this topic
#1
dcengr
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- Traders-Talk User
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Posted 03 April 2007 - 09:50 AM
Qui custodiet ipsos custodes?
#2
dcengr
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- Traders-Talk User
- 13,391 posts
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Posted 03 April 2007 - 10:19 AM
Btw, keep one eye on treasuries, one eye on transports, and one eye on BKX.
Treasuries, because china, like the notorious oriental villain, is methodically planning to punish bush with water torture.
Transports, because its hanging onto its life by a thread, and despite today's pop, I suspect its going kaputt soon.
BKX, because the 2nd leg of the subprime is about to drop, and this shoe's not made out of wood, but out of lead.
Qui custodiet ipsos custodes?
#3
arbman
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- Traders-Talk User
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Posted 03 April 2007 - 08:02 PM
sentiment was just not right
Perhaps this week will do it...
It looks like the insiders are also swing trading nowadays...
http://www.secform4....month=true&.png
The AAII should be less more of a concern for the bears...
