You know… even if they fudge the numbers out tomorrow, I just can't see another explosive move up. All the bulls are already onboard now, so who's left to buy?
50 period crossed beneath the 200 period on the 5 min chart although both are flat at the moment. Maurice Walker is writing that this is great to time to enter a position on the first pullback after this technical formation. He is updating in real time it appears. Check page 2 of his stock charts. There is a link to the right. I haven't added any positions so far today but if there is a drop to new lows and breadth turns more negative I might. Looks like the euro is putting in a positive doji day so far. $xoi is holding up with a doji. Good news though: everything off today's low looks like ugly corrective slop.
Are you implying to go short or long?
You know… even if they fudge the numbers out tomorrow, I just can't see another explosive move up. All the bulls are already onboard now, so who's left to buy?
50 period crossed beneath the 200 period on the 5 min chart although both are flat at the moment. Maurice Walker is writing that this is great to time to enter a position on the first pullback after this technical formation. He is updating in real time it appears. Check page 2 of his stock charts. There is a link to the right.
I haven't added any positions so far today but if there is a drop to new lows and breadth turns more negative I might. Looks like the euro is putting in a positive doji day so far. $xoi is holding up with a doji. Good news though: everything off today's low looks like ugly corrective slop.
If they are going to ramp this, I wish they would just do it and get it over with.
So frustrating to watch
Apple is a leading stock… this isn't good for the overall market.
Apples broken triangle
http://niftychartsandpatterns.blogspot.com/2010…
Pump after Pump after Pump. They seriously won't even let it go down more than 1-2 ES points
I can't imagine too many traders staying long in front of the non-farm payroll news tomorrow, so I would expect some profit taking into the close.
Its reversal bar after reversal bar on a 5 minute and it still won't go down.