2 replies to this topic

[Rogerdodger]

My fear now is that the extremes seen in the beginning of the new bull market my be showing now in the opposite direction.
This should get some kind of rally and possibly a retest if bullish.
If bearish, failure of a retest.
It's hard for me to believe that this was the 4 1/2 year low, but that's sentiment for you.
http://stockcharts.com/c-sc/sc?s=$NYHGH:$NYLOW&p=D&yr=10&mn=0&dy=0&i=p15888313394&a=100343858&r=6549.png

Edited by Rogerdodger, 16 August 2007 - 08:07 PM.

[Rogerdodger]

I think it's funny how a hack like me can draw a line on a chart and the market opens on it the next day.
From last night:
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=3&g=0&i=p24434721663&a=96927041&r=1280.png

[Rogerdodger]

Key Reversal Day: A one day chart pattern where prices sharply reverse during a trend.
In a downtrend, prices open lower and then close higher.
The wider the price range on the key reversal day and the heavier the volume, the greater the odds that a reversal is taking place.