1522 is the equality target that was met on the way up today (and held on the most recent intraday pullback)
Edited by hiker, 19 September 2007 - 01:56 PM.
OGM
Started by
hiker
, Sep 19 2007 01:54 PM
2 replies to this topic
#1
hiker
-
- TT Member*
-
- 12,118 posts
independent trader
Posted 19 September 2007 - 01:54 PM
1525 is the major horizontal Ted Burge has shown for mos.
1522 is the equality target that was met on the way up today (and held on the most recent intraday pullback)
1522 is the equality target that was met on the way up today (and held on the most recent intraday pullback)
#2
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 19 September 2007 - 01:59 PM
No 
We're getting a bit overbought here, but the environment is changing. So we'll probably start trending up with some pullbacks. Thats my guess for now.
I'm taking profits here and there, but looking to buy the dips. Stock by stock basis basically.
We had a 30 to 1 upside day on NYSE yesterday, and a cluster of 4 9 to 1 upside days in total. Market is washed out, and money is coming back. People are underinvested and CDO flows will go into stocks.
And sentiment is still good. A lot of mistrust.
We're getting a bit overbought here, but the environment is changing. So we'll probably start trending up with some pullbacks. Thats my guess for now.
I'm taking profits here and there, but looking to buy the dips. Stock by stock basis basically.
We had a 30 to 1 upside day on NYSE yesterday, and a cluster of 4 9 to 1 upside days in total. Market is washed out, and money is coming back. People are underinvested and CDO flows will go into stocks.
And sentiment is still good. A lot of mistrust.
Edited by ogm, 19 September 2007 - 02:00 PM.
#3
hiker
-
- TT Member*
-
- 12,118 posts
independent trader
Posted 19 September 2007 - 02:31 PM
SPY has not made a 15min or 60 min candle close recently above 153.55 premarket high
no reason to be too excited about the upside prospects as a DAYTRADER
does look like bulls have the edge going into the close, now that SPX 1522 held on the pullback
http://stockcharts.com/c-sc/sc?s=$SPX...4218&r=3966
btw, very little volume today at 154.38 and all the volume at .39 was institutional..most of the top picking was filled at 154.37
see 154.40 on the daily chart
http://stockcharts.c...allery.html?spy
no reason to be too excited about the upside prospects as a DAYTRADER
does look like bulls have the edge going into the close, now that SPX 1522 held on the pullback
http://stockcharts.com/c-sc/sc?s=$SPX...4218&r=3966
btw, very little volume today at 154.38 and all the volume at .39 was institutional..most of the top picking was filled at 154.37
see 154.40 on the daily chart
http://stockcharts.c...allery.html?spy
Edited by hiker, 19 September 2007 - 02:35 PM.
