We already had multiple climactic market actions, but still hearing bad news drum beat.
Markets are trading at CRITICAL SUPPORTS! x
Market reaction to AMAT report will be another directional confirmation.
AMAT is trading at support.
http://www.stockchar...09398&r=568.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22232131775&a=76929034&r=724.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=7&dy=0&i=p06542340040&a=76929550&r=152.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=6&dy=0&i=p22094758617&a=77295648&r=443.png
http://investorshub....age_id=22056962
Date:8/14/2007 12:04:19 PM
Post #of 2051
Going into 11:03 am reversal, market sell volume was very low as we can see even now NASDAQ 800,000 less than 1M.
This tells me that the climactic sell-volumes which we have seen looks to be indeed climactic sell in fear. Many sellers are already sold or shorted and are waiting for markets to pull back.
AMAT earning report and market reaction is another catalyst for directional confirmation.
Edited by Trend-Signals, 14 August 2007 - 12:39 PM.