I think the high was on Friday-10,200, Earning that are strong will not be rewarded and poor expectations will be the norm. It did not feel like a bottom, it does not look like a top, but it is, close below 1010 this week.
Anything is possible I guess? But, the monthly and weekly charts are going to have too turn back up, or at least go sideways if the market is going to 11,800… which isn't looking likely right now.
Good Video, as usual, Red! I was all set to declare, Dow going to 11,800, before the video. I better just watch the tape, and play what's in front of me. I have 2 intriguing double tops. BRCM and FFIV. I think they are shorts.
Interesting video about the sentiment level…
http://beta.chart.ly/bjsy88l
Sorry for the double entry
Microsoft corp daily chart analysis
http://niftychartsandpatterns.blogspot.com/2010…
Microsoft corp daily chart analysis
http://niftychartsandpatterns.blogspot.com/2010…
I think the high was on Friday-10,200, Earning that are strong will not be rewarded and poor expectations will be the norm. It did not feel like a bottom, it does not look like a top, but it is, close below 1010 this week.
Dow Jones trading near 50 week moving average
http://niftychartsandpatterns.blogspot.com/2010/07/dow-jones-trading-near-50-week-moving.html
I'll be happy if the Q's can stay in a 41.7 – 45 price channel, for the rest of July. VIX 24's. I don't know what to think about that at this time.
Anything is possible I guess? But, the monthly and weekly charts are going to have too turn back up, or at least go sideways if the market is going to 11,800… which isn't looking likely right now.
Good Video, as usual, Red! I was all set to declare, Dow going to 11,800, before the video.
I better just watch the tape, and play what's in front of me.
I have 2 intriguing double tops. BRCM and FFIV. I think they are shorts.
Probably so. Comments with attachments aren't getting processed, to well. no biggie.