Double Top....
#1
Posted 13 September 2007 - 11:56 AM
#2
Posted 13 September 2007 - 12:00 PM
price has not yet broken out of the triangle he showed yest. -
http://www.traders-t...showtopic=76073
alternate daily using Jea Yu's crossovers meant for 1 to 60min charts..short signal is the displaced 3 ema cross below the 15 sma...which on daily is NOT.
Edited by hiker, 13 September 2007 - 12:07 PM.
#3
Posted 13 September 2007 - 12:01 PM
Market continues to grind higher with no believers again, which is good news. Complaints about resistance, low volume, bad breadth are ongoing.
Wait till the masses will try to call a double top..... Should be fun
OGM -- are you filling in for vector again ?
rinse and repeat, baby !
ed rader
#4
Posted 13 September 2007 - 12:22 PM
There is 60% of the float short in this stock. You know, the debacle of the retail kinda trade.
Its up 7%+ today, and broke previous highs on daily.
And yet, look at the volume. Its not that huge. Means the bears didn't panic yet. they are still riding it out.
Edited by ogm, 13 September 2007 - 12:23 PM.
#5
Posted 13 September 2007 - 12:57 PM
Edited by Teaparty, 13 September 2007 - 12:57 PM.
#6
Posted 13 September 2007 - 01:20 PM
#7
Posted 13 September 2007 - 01:24 PM
Nav n Aha right again. Big Bull trap sprung = Resistance Held
Semi may have it right too...