Don't know. But it is usually the case when trend changes. A drop. Then a reversal that fails. More decline follows. But nothing is set in stone. 🙂 We have a hard fall here b/c of the near parabolic rise experienced. Either way, I am not complaining. 🙂
You know gang… it's a little slow here today? I'd think you bears would be chatting away as we are finally starting to turn down. I'm puzzled about that? Did all the bullishness numb your tongue?
This is what we bears have been looking for you know! Open up your windows and yell out at the top of your voice… “Finally, the market is going to sell off!” Be excited gang…
(just kidding of course, you don't want to go to jail for being bearish)
2.20.2009 – closing low came 12 TD's after break of TL 7.2.2009 – closing low came 6 TD's after break of TL 1.22.2010 – closing low came 12 TD's after break of TL
Nobody wants to jinx anything Red.
Don't know. But it is usually the case when trend changes. A drop. Then a reversal that fails. More decline follows. But nothing is set in stone. 🙂 We have a hard fall here b/c of the near parabolic rise experienced. Either way, I am not complaining. 🙂
You know gang… it's a little slow here today? I'd think you bears would be chatting away as we are finally starting to turn down. I'm puzzled about that? Did all the bullishness numb your tongue?
This is what we bears have been looking for you know! Open up your windows and yell out at the top of your voice… “Finally, the market is going to sell off!” Be excited gang…
(just kidding of course, you don't want to go to jail for being bearish)
Not so sure – we just broke support at 1186 ES.
Expecting a rally that will fail, over the coming days. A rally that will spook the dispirited bears and reinforce the perma bulls.
Time element:
2.20.2009 – closing low came 12 TD's after break of TL
7.2.2009 – closing low came 6 TD's after break of TL
1.22.2010 – closing low came 12 TD's after break of TL
SPY still won't take a temporary divorce from the TL that it's been riding since March 09'
http://www.flickr.com/photos/47091634@N04/45344…
When it falls away from the TL, it falls hard
2.20.2009 (initiation gap)
7.2.2009 (initiation gap)
1.22.2010 (initiation gap)
Or my carcass!
LOL… they are coming for the bull carcass.
hopefully it was a sign of ill omen for the market! Man these suckers are big!