http://stockcharts.com/h-sc/ui?s=$OEX...1&listNum=4
Although like Mark pointed out the volume on the up-thrust was scary
Triangle still favoring the bears
Started by
rkd80
, Jun 12 2007 01:23 PM
6 replies to this topic
#1
rkd80
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Posted 12 June 2007 - 01:23 PM
“be right and sit tight”
#2
Woody
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Posted 12 June 2007 - 01:33 PM
Thinking same thing with another leg down in the wings, watch 1515 and 1500...........
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&b=3&g=0&i=t38006285585&a=109041749&r=7873.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&b=3&g=0&i=t38006285585&a=109041749&r=7873.png
#3
rkd80
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Posted 12 June 2007 - 01:35 PM
I would draw the upper resistance line from a steeper angle connecting the June 4-5 tops...as those were the last highs. If $OEX breaks 591 then I think bears are back in business, although once again - the volume was strong and rallying back from those lows back to 0 IS impressive.
Edited by rkd80, 12 June 2007 - 01:41 PM.
“be right and sit tight”
#4
NAV
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Posted 12 June 2007 - 01:40 PM
http://stockcharts.com/h-sc/ui?s=$OEX...1&listNum=4
Although like Mark pointed out the volume on the up-thrust was scary
146000 ES contracts on that 30-min green bar was above normal volume. The 30-min red bar, that followed had 179000 contracts. Now that's scary, if you are a BULL !
#5
rkd80
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Posted 12 June 2007 - 01:43 PM
http://stockcharts.com/h-sc/ui?s=$OEX...1&listNum=4
Although like Mark pointed out the volume on the up-thrust was scary
146000 ES contracts on that 30-min green bar was above normal volume. The 30-min red bar, that followed had 179000 contracts. Now that's scary, if you are a BULL !
No kidding? Hmm...what do you make of that nav?
“be right and sit tight”
#6
NAV
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Posted 12 June 2007 - 01:46 PM
http://stockcharts.com/h-sc/ui?s=$OEX...1&listNum=4
Although like Mark pointed out the volume on the up-thrust was scary
146000 ES contracts on that 30-min green bar was above normal volume. The 30-min red bar, that followed had 179000 contracts. Now that's scary, if you are a BULL !
No kidding? Hmm...what do you make of that nav?
Retest of morning lows at minimum. Worst case - what's the point ? You can't scare the dip buyers
#7
rkd80
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Posted 12 June 2007 - 01:48 PM
That is really funny you mention the dip-buyers (DB). I was about to make a post, but did not want to be annoying. I think the past few days including what some are doing on this board is slowly, but surely hurting the DB. Maybe not of full conviction, but those DB that are wavering are going to throw in the towel real soon. Today is definitely an OPEX-like day, but I can only imagine how many people went long 30 minutes ago and are now pissed off.
I am still curious about the volume and whether some big guys are unloading.
I am still curious about the volume and whether some big guys are unloading.
http://stockcharts.com/h-sc/ui?s=$OEX...1&listNum=4
Although like Mark pointed out the volume on the up-thrust was scary
146000 ES contracts on that 30-min green bar was above normal volume. The 30-min red bar, that followed had 179000 contracts. Now that's scary, if you are a BULL !
No kidding? Hmm...what do you make of that nav?
Retest of morning lows at minimum. Worst case - what's the point ? You can't scare the dip buyers
“be right and sit tight”
