BKX.. another complex bottom ?
Started by
ogm
, Sep 26 2007 10:53 AM
2 replies to this topic
#1
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 26 September 2007 - 10:53 AM
Higher highs, higher lows pattern continues so far. Momentum improving.
#2
Cirrus
-
- TT Patron+
- 5,735 posts
Member
Posted 26 September 2007 - 11:13 AM
Been watchin' JPM, C and GS hourly. IMHO if they don't bounce smartly in the next 3 or 4 trading days it doesn't bode well for the markets.
I'm quite certain there will be EOQ pressure on financials and perhaps that's been holding them down.
#3
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 26 September 2007 - 11:26 AM
Been watchin' JPM, C and GS hourly. IMHO if they don't bounce smartly in the next 3 or 4 trading days it doesn't bode well for the markets.
I'm quite certain there will be EOQ pressure on financials and perhaps that's been holding them down.
GS hourly is in great shape.
I think JPM and C are improving too. If financials won't fall apart by the close, I think they will have a good size up day tomorrow.
Here is JPM daily chart for example. I think its a complex bottom. Look where it found support. Intersection of falling trendline and 33 EMA.
