4 replies to this topic

[nicolasillo]

I am not good in TA... so I am asking for your opinion;
What do you think is going to happen the next few days?

[uncleharley]

I think the crap is going to hit the fan.

[gorydog]

I am not good in TA... so I am asking for your opinion;
What do you think is going to happen the next few days?

You have drawn every bearish line, and ignored all of the bullish ones! PMO looks like it is still on a buy, weekly and 5 minute charts are a buy in my opinion. daily is iffy, but I think were hanging on by a thread. If we don't break upwards on the falling wedge on monday or tuesday at the latest, we should drop 20 SPX points in short order. I am slightly long. My trendlines are somewhat imaginary here.
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=1&dy=14&i=p80035467960&a=114376663&r=6861.png

GD

[hare_bear]

Still think they need to flush down/past 1432 on the SnPee early next week... this would accomplish two things, 1)Wash out the Dippers who bought late Friday, & 2)Allow Bears to put on Victory Hat and proclaim victory, Armageddon, etc.... good trading to all. h.B.

[relax]

imagine the panic a move to 1.360 would create setting up a perfect pay day for da boyz/bin laden into opex