Everything is going up, trying to work off the oversold conditions now. It will be interesting to see what happens at the end of the day, when they have all topped out.
If they roll back down, then we will sell off into the close. If not, we could rally some more, until it peaks out and gets overbought. How much is overbought, is the question? Just have too wait and see.
9896 based on overnight action. Don't know whether the DJIA or the S&P levels will be the trigger? Maybe they will both reach those numbers at the same time? But, the DJIA look more evil so I'm going with those!
Yeah,
Everything is going up, trying to work off the oversold conditions now. It will be interesting to see what happens at the end of the day, when they have all topped out.
If they roll back down, then we will sell off into the close. If not, we could rally some more, until it peaks out and gets overbought. How much is overbought, is the question? Just have too wait and see.
Anyone notice the action in the Russell? Strong divergences.
HEY – we already reached 9896 on the DJIA. Let's see what happens.
DJIA Numbers that is.
9896 based on overnight action. Don't know whether the DJIA or the S&P levels will be the trigger? Maybe they will both reach those numbers at the same time? But, the DJIA look more evil so I'm going with those!
Could be Monica? That 1061 level will be a double top, and provide resistance now. What level are you calling 98% on the Dow?
1061 is my best guess. Or maybe 9896 on the dow. How do you like those numbers?
I think we need to go up to that 1061-1066 area, so we can squeeze out all the shorts. Then we can tank again.
Looks like we might get up to 1061-1066 after all, as we broke outside of the falling channel now.
think we could go up to 1061 based on overnight action