14 replies to this topic

[arbman]

That's exactly what I am seeing too...

[kaiser soze]

What going to lead the market down ? GS of course. Since GS made new lows, can the broad market be far behind ? Today is going to be a decisive day one way or another. A massive reversal cannot be ruled out, but the path of least resistance is down. But its a dangerous time no doubt and I am not positioned either.

[SemiBizz]

If the DJIA and Nasdaq do not test these lows today, that is a VERY BEARISH sign... I'm not moving here LONG until I see them tested. Because if they are not tested it says they don't want a test of the lows on ANY SIZE volume.. that is maximum fear at the operator level. My inclination would be to let them run it up and short it, because the next time we head for the lows it's very likely it will be on a paranoid BLOWOUT VOLUME....

[Frac_Man]

We'll know in the next 2 hours today Tea Party ... just follow my chart

Hank

got that one more low to complete a 5 count of C on OeX...TWT. Funny ...I "think" we bottomed on this date in Aug 04 too. ... we'll see.....another low and we could just collapse so I'm not positioned at this point.

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=6&dy=21&i=p04089972867&a=109431197&r=4246.png

[eminimee]

Thanks anyways....but I'll follow my own