25 replies to this topic

[NAV]

Gap and Crap day based on my indicators! From a pure price perspective, breakout seems to be the logical outcome. From the internals perspective, i woudn't be sursprised if we crap out big time today. If the market decides to move higher, i won't complain . Still got 50% of my NQ long from yesterday. We'll see...

Edited by NAV, 04 May 2007 - 07:29 AM.

[jjc]

Gap and Crap day based on my indicators!

From a price perspective, breakout seems to be the logical outcome. From internals pserspective, i wouidn't be sursprised if crap out big time today.

If the market decides to move higher i won't complain. Still got 50% of my NQ from yesterday. We'll se...

FWIW same here.

[spielchekr]

That would suck, as it would require me to change my blowoff top avatar.

[redfoliage2]

Gap and Crap day based on my indicators!

From a pure price perspective, breakout seems to be the logical outcome. From the internals perspective, i woudn't be sursprised if we crap out big time today.

If the market decides to move higher, i won't complain . Still got 50% of my NQ long from yesterday. We'll see...

I agree that a breakout makes it looks good but it's against the bad internals. So, more likely to be a fakeout.

[fib_1618]

I agree that a breakout makes it looks good but it's against the bad internals.

What bad internals?

Fib

[.Blizzard]

I agree that a breakout makes it looks good but it's against the bad internals.

What bad internals?

Fib

NYSI divergence with the market overbought?

Edited by .Blizzard, 04 May 2007 - 08:07 AM.

[fib_1618]

NYSI divergence?

There is none.

Next.

Fib

[jjc]

To clarify, here I'm only predicting a trade back to yesterdays close. Fairly strong odds. Range bound the remainder of the day.

[.Blizzard]

NYSI divergence?

There is none.

Next.

Fib

Ooh, I really like your pink glasses too

http://stockcharts.com/c-sc/sc?s=$VXN:$BPSPX&p=D&b=1&g=0&i=p25059857345&r=1686.png

[NAV]

I agree that a breakout makes it looks good but it's against the bad internals.

What bad internals?

Fib

From a ST perspective, the MCO has completed a snapback to the zero line. It's a potential area for rejection and hence a potential price pullback. The NYSE summation has already rolled over. On the Nasdaq summation, it appears that a trip to the zero line looks more likely. Not particularly dandy internals ! Some sort of pullback has high odds here.

Given where the daily and weekly cumulative NYSE A/D line is, from an IT perpective, the internals look good. From a ST perspective though, some work seems to be pending on the downside.

Edited by NAV, 04 May 2007 - 08:19 AM.