6 replies to this topic

[eminimee]

some critical support here...it's trying to hold here..

Below...then some swooshing

http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=1&mn=5&dy=0&i=p52593787862&a=79222312&r=8339.png

[ogm]

The MACD and stochastics look like swooshing isn't that far off.

[lscharpen]

Hi Teaparty, Would you please clarify for me what you meant by 'swooshing' (obviously a technical term unfamiliar to me). I don't want to misinterpret your message. Thanks Lee

[rkd80]

a swoosh is anything associated with speed. so tea is implying if NDX breaks support, then its a fast way down to somewhere.

[lscharpen]

a swoosh is anything associated with speed. so tea is implying if NDX breaks support, then its a fast way down to somewhere.

Thanks, RKD. My first read agreed with that ..... that a break of the support meant further downside. But the definition of 'swoosh' has more to do with the sound made by 'something' rather than speed OR direction of movement. Anyway, I WANTED to believe he meant what you said ('cause then he'd be talking my book) but wanted to make sure I hadn't misinterpreted him.

Lee

[sglasson]

RUT was first to knife thru major support - could be peeking over the cliff at the March lows if a summer correction is in the cards

[eminimee]

Swooshing downhill on a ski slope...you can go pretty fast...lol