I use the KISS stock analysis process, keep it stupid simple. Watching bearish Wedge form on the DOW. My analysis indicates todays dip is not an opportune time to buy. The Full STO oscillator (crossover) along with RSI oscillator has been pretty accurate at picking tops and bottoms on the DOW. Not getting a buy signal right now.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=5&g=0&i=p08969224554&a=99152370&r=3978.png
KISS Analysis on the DOW
Started by
hedgehawk
, Apr 12 2007 09:40 PM
2 replies to this topic
#2
James Quillian
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Posted 12 April 2007 - 10:41 PM
Hedge:
I basically agree with you but a disproportionate number of rising wedges have been breaking hard to the upside and then tanking, like HPQ did back in January.
Look at the Shanghai.
James
I basically agree with you but a disproportionate number of rising wedges have been breaking hard to the upside and then tanking, like HPQ did back in January.
Look at the Shanghai.
James
#3
hedgehawk
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Posted 12 April 2007 - 11:09 PM
Nice point. Here is a chart that someone here in the FF forum shared with me yesterday. I got stopped out today flat on my short on EEM. Reloading short on EEM at 125.00 +/- .50 Both SSEC and EEM look way overextended with broadening top on EEM.
http://stockcharts.c...1588&r=1133.png
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http://stockcharts.c...1588&r=1133.png
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