3 replies to this topic

[ogm]

Can we gap up above this downtrend, considering very positive momentum in internals now ?

Tough call.. though considering summations turn and good looking MCO's it wouldn't be a total surprize. Well, not to me at least MACD's momentum also looks good. both longer term MACD's are in a solid upward move with a lot of room to run. Though the short one is getting kinda high here. But it still didn't flip.

The main question is... are a lot of people still short this monster ? And if a lot of people are trying to pick this potential pull back point against the momentum in internals ?

Stay tuned .....
Either way.. tomorrow should be interesting.

Edited by ogm, 22 August 2007 - 03:04 PM.

[atlasshrugged]

[quote name='ogm' date='Aug 22 2007, 04:03 PM' post='310421']
Can we gap up above thi

i shorted the es at 69 at the close because we are right against resistance...I am NEVER correct so you will probably be right!

Edited by iron cross, 22 August 2007 - 03:19 PM.

[Jnavin]

This morning's gap probably needs filling first.

[89S10]

This morning's gap probably needs filling first.

Could we fill two gaps tomorrow? Does anyone think it will happen?