17 replies to this topic

[hiker]

using 60min chart with all extended sessions. prior upside tests of 200sma on 60min have failed last 3 days will this time be different? watch the next couple 60min candle closes

Edited by hiker, 21 August 2007 - 10:38 AM.

[ogm]

using 60min chart with all extended sessions.

prior upside tests of 200sma on 60min have failed last 3 days

will this time be different?

watch the next couple 60min candle closes

If we close above 1450, we're good to go.

Look at NQ's, though... they broke the highs of the Friday's Fed announcement. So far they are the firs ones to do so.

[Jnavin]

Probable: back to SPX 1430. Then, breaks above 1460. Continued chop to 1490. Then, I don't know...

[hiker]

1451.75 yest high still in play 200day sma above that ------- Friday XLF close at 34.50 remains above

Edited by hiker, 21 August 2007 - 10:46 AM.

[Jnavin]

Side note: WYNN back up to 118 this morning. A close above that suggests 125. Just guessing.

[hiker]

Hi John, yes, WYNN is fourth leading % gainer on my screen..AAPL is no 1 that I am trading

[ogm]

1451.75 yest high still in play

200day sma above that

-------

Friday XLF close at 34.50 remains above

1451.75 broken now.

A/D improving greatly. Financials perkin up.

I wouldn't want to be short into the close here.

Hi John,

yes, WYNN is fourth leading % gainer on my screen..AAPL is no 1 that I am trading

Take a look at TNH... bouncing of big support szone for second day in a row. 11% dividend on top of that.
Also big % gainer today.

[hiker]

ogm...looks like XLF Friday close was sold here...for now anyway.

[ogm]

ogm...looks like XLF Friday close was sold here...for now anyway.

Its hitting resistance here...

But consider that all that stuff was pretty darn red just a couple hours ago.

For example... GS was down 2 now up 3.5 .... thats pretty perky. So no surprize its slowing. But overall the stuff seems to be consolidating under resistance. Some sort of a bull flag pattern on 60 min charts on many financials. ... That at least my impression.

Banks are acting very well too.

I'll update this with a chart in a sec....

Edited by ogm, 21 August 2007 - 11:05 AM.

[Jnavin]

Bank stock COF -- the subject of some discussion on this board after the close yesterday -- is up more than 2%. This, after cutting 1900 jobs in the mortgage division. Wisdom of the ages: Wall Street loves job cuts. Don't bet against it.