All the short term charts look ready to roll over now. This could fall into the close. I'm not sure now if it can hold on or not? Bears might get to eat some more today?
It's light volume right now, and that might hold it up the rest of the day, but the charts look ugly (for the bulls that is).
It's looking pretty ugly right now. The market is barely holding on. The light volume is the only thing stopping it from taking another leg down.
Apple Inc has a Triangle in daily chart
http://niftychartsandpatterns.blogspot.com/2010…
We might get the tremor now.
Good idea Jim, as they could push either way at the EOD. And next week will likely be up, regardless of what today does.
This is getting to be a difficult day to call. I think they run it eod on light volume. Hope I am wrong.
i unloaded 40% of my shorts at open just in case next week end s in bull camp
Wow gang…
All the short term charts look ready to roll over now. This could fall into the close. I'm not sure now if it can hold on or not? Bears might get to eat some more today?
It's light volume right now, and that might hold it up the rest of the day, but the charts look ugly (for the bulls that is).
If the channel breaks its support line Dow Jones may break the 50 DMA.
I think everyone is looking for another move down today, but I still think we will be up or flat.
S&P 500 in a Channel
http://niftychartsandpatterns.blogspot.com/2010…
Yes… it looks like it wants to go down today, not flat to up as I expected.