6 replies to this topic

[ogm]

Knifecatchers unite

What is it on this chart that says its about to go up from here and why I shouldn't be short ?


Btw, SPX chart is almost the same with 2 differences. Price is above 250 EMA and it didn't break the previous low on daily. RUT already did.

Edited by ogm, 05 November 2007 - 12:17 PM.

[SandStorm]

Take a chance, but could this be a megaphone?

[eminimee]

You might be ok to 768....but could turn up anytime

http://stockcharts.com/c-sc/sc?s=$RUT&p=D&yr=3&mn=0&dy=0&i=p50236625022&a=81894387&r=8071.png

[SandStorm]

For shorts, I like sndk, mlm, pkx, grmn, celg. I might add amzn soon.

[ogm]

Megaphones break out with a bang. The question is which trendline will it break ? I'm not so sure its a megaphone pattern, but I'd be in a breakout in the direction of momentum, which is ACCELERATING down.

[SandStorm]

Watching the break on weekly trendline on amzn . . .

Edited by SandStorm, 05 November 2007 - 12:48 PM.

[esther231]

Nothing about the chart right now is screaming buy to me. But we're in a bull market and it's November. Sometimes, that's all you need.