The daily put in a lower histogram bar today, but the MACD's still haven't turned up. A rally is near, and should start this week… but, like you said, the weekly is still pointing down.
Atilla is long the market right now, at least that what I gather from his recent posts. Plus, he went long realestate today, after seeing the news that foreclosures are up?
He has a different time frame then I do, and can't wait out any wild swings I believe. Since I play options, I can't use any information he shares to help aid in my decisions to go long or short.
Right now I'm short, but I'm expecting a rally to come soon… even though the charts are still mixed. However, that's just my gut talking, and it's usually wrong. LOL.
No one seems to know the answers Newbear. I sure would like to have a close friend that works for Goldman to give me updates. Maybe I should join eHarmony and state in my profile that she must work for Goldman Sachs… LOL
Dow Jones futures chart with fib levels
http://niftychartsandpatterns.blogspot.com/2010…
I meant to say the the histogram bar today put in a higher low, which is bullish.
Yes, the histogram did go lower…. but the price did not go below July 1 low.
The daily put in a lower histogram bar today, but the MACD's still haven't turned up. A rally is near, and should start this week… but, like you said, the weekly is still pointing down.
I'm expecting a rally like the week of May 24. The 15min and the daily stoch. are pointing up, but the weekly is pointing down. A weak rally.
If the weekly and the daily and the 15min were all pointing up, I'd say a rally like the week of June 7.
I think that real estate thing may have been a “fake post”. I saw that too. Deception is the mark of the Hun, but insanity is not.
Atilla is long the market right now, at least that what I gather from his recent posts. Plus, he went long realestate today, after seeing the news that foreclosures are up?
He has a different time frame then I do, and can't wait out any wild swings I believe. Since I play options, I can't use any information he shares to help aid in my decisions to go long or short.
Right now I'm short, but I'm expecting a rally to come soon… even though the charts are still mixed. However, that's just my gut talking, and it's usually wrong. LOL.
While Euro is rallying, market is weak. That means the market is really weak.
Atilla said his stop on ES was at 1010, that means he would have gotten stopped out on Monday. Hmmmmm
No one seems to know the answers Newbear. I sure would like to have a close friend that works for Goldman to give me updates. Maybe I should join eHarmony and state in my profile that she must work for Goldman Sachs… LOL