Bearish shooting star
#1
Posted 28 June 2007 - 03:03 PM
#2
Posted 28 June 2007 - 03:18 PM
#3
Posted 28 June 2007 - 03:25 PM
The future is 90% present and 10% vision.
#4
Posted 28 June 2007 - 03:31 PM
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=3&i=p68612109552&a=81733615&r=7441.png
http://stockcharts.c...0310&r=2262.png
#5
Posted 28 June 2007 - 03:39 PM
#6
Posted 28 June 2007 - 03:39 PM
#7
Posted 28 June 2007 - 04:00 PM
teaparty..I wrote down the downside obj. fib gave the other night in chat..only if things get ugly..i do not remember right now what he defined would trigger these in play -
compq trendline support 2480, march lows ae 2350
12,850 obj for Dow
1440 for spx
#8
Posted 28 June 2007 - 04:00 PM
Edited by thespookyone, 28 June 2007 - 04:01 PM.
#9
Posted 28 June 2007 - 06:33 PM
Holiday and Summer trading ... Light Volume makes for rape and pillage. Don't even think of position trading this short. Do yourself a favor, take some time off... at least until after next week... If we see strong volume come in for some reason, that's another story, but as long as it's light, don't kid yourself this market isn't going to give it up... This board is entirely too quick to turn bearish, even after a scorch like the last two days, seems like pattern recognition is out the window... Yesterday,at the bottom, even after 25 pts Nasdaq rally in two hours, the bearishness stubbornly remained... This thing isn't going to just drift down on this light volume, there are too many "interested parties" with "gentlemen's agreements" to maintain the big fat status quo. At least until 7/12.
Edited by SemiBizz, 28 June 2007 - 06:35 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
Posted 28 June 2007 - 07:49 PM
Edited by thespookyone, 28 June 2007 - 07:52 PM.