yup i use adx, macd,
rsi on weekly. rsi below 50 is bearish as is a negative macd and red line on top
of adx is negative why i sold longs i held last summer at about 1300. all 3
indicators have been bearish since that last drop under 1300. take a look at
july 2009 and there was your buy sign. the flash crash threw it for a fat
fingeeer whipsaw tho you got back in long 4 months later for the big gains of
over 200 spx points. what i learn back when i started in business and have used
to this day. beginners can thank me lol yup. learned from a seasoned trader for
learning the trend and i do not fight it but for a few small long trades. mainly
short in this atmosphere. im sure KATZO the clown will bash but i just post to help newbies with simple indicators and hope they can stay out of trouble and not go broke which many newbies do and the Kat clown is. gl
I Just do not see a 3 day rally here into Friday, Your chart certainly looks ominous looking. This chart, just gives more credence to my immediate out look.
1183 was the 50% retracement, so at least a one to three day rally should be in order, but who knows? The very fact that we went to this point in one wave, leads me to believe the conclusion of this larger wave will be 50% of the ENTIRE move up, which is 943 or so.
It’s hard for me to believe that it could reach that point in December, but it’s possible. My target is sometime in Jan.
Shouldn’t the key date be 12-6-11 because 1+2+6=9 whereas 1+2+7=10=1?
Looks like that report is dead in the water.
Does any one know when the Super committee reports comes out. Before the market opens or the end of the trading day Wednesday?
yup i use adx, macd,
rsi on weekly. rsi below 50 is bearish as is a negative macd and red line on top
of adx is negative why i sold longs i held last summer at about 1300. all 3
indicators have been bearish since that last drop under 1300. take a look at
july 2009 and there was your buy sign. the flash crash threw it for a fat
fingeeer whipsaw tho you got back in long 4 months later for the big gains of
over 200 spx points. what i learn back when i started in business and have used
to this day. beginners can thank me lol yup. learned from a seasoned trader for
learning the trend and i do not fight it but for a few small long trades. mainly
short in this atmosphere. im sure KATZO the clown will bash but i just post to help newbies with simple indicators and hope they can stay out of trouble and not go broke which many newbies do and the Kat clown is. gl
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=3&mn=0&dy=0&id=p96245223094
I Just do not see a 3 day rally here into Friday, Your chart certainly looks ominous looking. This chart, just gives more credence to my immediate out look.
Fear not, last November the monthly chart was pointing the opposite direction to where it is now. We’re not likely to repeat that crap again…
Anyone see the index put/call?
http://stockcharts.com/h-sc/ui?s=$CPCI
Ridiculous swings. AND, the last time there was a swing this big was, you guessed it, the end of last November. Crazy.
1183 was the 50% retracement, so at least a one to three day rally should be in order, but who knows? The very fact that we went to this point in one wave, leads me to believe the conclusion of this larger wave will be 50% of the ENTIRE move up, which is 943 or so.
It’s hard for me to believe that it could reach that point in December, but it’s possible. My target is sometime in Jan.
LOL… I guess you are then!
I am for this week. lol