Thanks San,
By the way, I added you to my blogroll. I enjoy your quick and simple charts, as I'm sure many others here do too.
Russell 2000 too has a hidden negative divergence and it is more prominent here.http://niftychartsandpatterns.blogspot.com/2010…
Prices generally move in a series of three steps which had just been completed, and we were in a low spot on the stochastics graph.
This is not always reliable but usually is. Sometimes series get strung together, or stochastics may stay at extremes for extended periods of time.
I also look at charts of stocks I'm trading, looking for extremes in volume or unusual trades. This sometimes helps me see when we're turning.
Rip – what did u see that made u think we were going to rally ?
Yes, hopefully we will be partying with it!
thank you.
Hey, Monica, VIX hit 29.57 today, has hit the third time on the bottom TL of a descending wedge, and looks ready to party.
I hope it breaks out upside today. Upper trendline is just a little over 31 and target would be 37.
June 8s
RIP, what TZA calls do you have?
LOL…
Absolutely! A Bear Party of course!
Thanks San,
By the way, I added you to my blogroll. I enjoy your quick and simple charts, as I'm sure many others here do too.
Russell 2000 too has a hidden negative divergence and it is more prominent here.
http://niftychartsandpatterns.blogspot.com/2010…
Prices generally move in a series of three steps which had just been completed, and we were in a low spot on the stochastics graph.
This is not always reliable but usually is. Sometimes series get strung together, or stochastics may stay at extremes for extended periods of time.
I also look at charts of stocks I'm trading, looking for extremes in volume or unusual trades. This sometimes helps me see when we're turning.
Rip – what did u see that made u think we were going to rally ?
Yes, hopefully we will be partying with it!
thank you.
Hey, Monica, VIX hit 29.57 today, has hit the third time on the bottom TL of a descending wedge, and looks ready to party.
I hope it breaks out upside today. Upper trendline is just a little over 31 and target would be 37.
June 8s
RIP, what TZA calls do you have?
LOL…
Absolutely! A Bear Party of course!