do you have a post or can you direct me to a good explanation of a “fake print”. Your blog is my first exposure to this phenom and I just want to understand it more. thx.
The afterhours is showing a high print of 108.40 spy, which I don't see where it hit that level. It might be a FP, and could be a target for tomorrow or Wednesday? It's hard to say for sure as we hit an actually high of 108.57 today, so it could have been a late fill?
I find it unlikely to go back up there, but anything is possible…
Price is trading below all major moving averages. I am expecting this pattern to break the support line and go down. Support line was violated once last week. So as you said an upside breakout may end up as a false one too. But a good volume breakout will target 10500 and above in Dow.
The bears need this to breakout of the wedge to the upside to get a better short entry, as I believe that any breakout will be short lived. Do you have an upside target for a breakout (upside that is)?
do you have a post or can you direct me to a good explanation of a “fake print”. Your blog is my first exposure to this phenom and I just want to understand it more. thx.
I got it… I sent you one back.
HI Red,
Just sent you an email.
The afterhours is showing a high print of 108.40 spy, which I don't see where it hit that level. It might be a FP, and could be a target for tomorrow or Wednesday? It's hard to say for sure as we hit an actually high of 108.57 today, so it could have been a late fill?
I find it unlikely to go back up there, but anything is possible…
Already did REd es 68.50 broken
Price is trading below all major moving averages. I am expecting this pattern to break the support line and go down. Support line was violated once last week. So as you said an upside breakout may end up as a false one too.
But a good volume breakout will target 10500 and above in Dow.
The bears need this to breakout of the wedge to the upside to get a better short entry, as I believe that any breakout will be short lived. Do you have an upside target for a breakout (upside that is)?
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…
That's one ugly chart CC… if you're a bull of course. LOL
No help from chips.
http://stockcharts.com/h-sc/ui?s=$SOX&p=D&yr=0&…