no we aren't going to close over 1115.10, which is actually bad news for the bears because no major reaction has ever originated on the monthly since 1990 without the setup i talked about yesterday
I would have preferred we got a close over 1115.10 because this slow moving market is growing old.
We need a close tomorrow in the 1070 region in order to terminate a bullish setup on the monthly.
So what are we looking for… by the end of the day? Price target to confirm a head lower, or higher?
update 10:30 est
SPY 60 min backtest of max contain pt. held
http://www.flickr.com/photos/47091634@N04/43876…
the spike low @ 9:45 est also backtested it's twin that it gapped over on 2/17/2010
general of the bull army aapl hasn't broken it's tuesdays lows yet
I didn't see it either Al, but String did? Look at the link he posted. Strange, that's for sure…
No fake prints on my charts (in TOS)
no we aren't going to close over 1115.10, which is actually bad news for the bears because no major reaction has ever originated on the monthly since 1990 without the setup i talked about yesterday
I would have preferred we got a close over 1115.10 because this slow moving market is growing old.
We need a close tomorrow in the 1070 region in order to terminate a bullish setup on the monthly.
Don't know if we are going to make 1115 this week? It's not looking like it right now. If we don't, then we could see more selling next week?
We're currently back testing max contain pt. (109.24) on the 60 min.
String just seen a fake print to 1103 on his chart. I don't see it on mine, but that could be where they might take it back up too tomorrow?
http://img186.imageshack.us/img186/8463/2010022…
They should rally back up some today. Listen to the news to see if Obama gets his health bill passed today. If so, then I think they will let it fall.
So far – yes.