well i would love 2 explain my ideas on overbought shares on stochastic oscillator,but im not here all night..instead of paying out my thread y dont u research stochastic oscillators? gg..
oh wait so u did understand the abrevation..lol..welcome 2 the present day..and replying 2 ur ? "why the heck aren't you apart of it?..well i would love 2 explain my ideas on overbought shares on stochastic oscillator,but im not here all night..instead of paying out my thread y dont u research stochastic oscillators? gg..
Speaking of gaps, SPI has a gap to close @ 3770s.
And if dow tanks tonight, a few majors would form an island reversal.
The smart question would be "Who's already long?"
I don't know why you guys are trying to fight the trend. All the doom and gloom has clouded your vision imo. We may test the bottom again in the future but why fight against the current strength?
Why is that bearish?
Couldn't the fact no volume has come in near or at resistance mean there is no supply there? Especially since the price is still going up?
If you are seeing up bars, on less and less volume...how is that no supply? I would have thought thats no demand. I would want to see an increase in volume as we approach resistance, to push through it. Down days on small volume would be no supply for me.
If you are seeing up bars, on less and less volume...how is that no supply? I would have thought thats no demand. I would want to see an increase in volume as we approach resistance, to push through it. Down days on small volume would be no supply for me.
2nite vs tonight, a few characters there. I guess it looks new age
In any case, the bulls have been crazy over the last few days. I have seen some long time bears turn bullish this week, which makes me edgy. I am short pretty heavily, and down 100 points so far. The market doesn't seem to want to break the 3085ish level at the moment, but I am worried about the 960 level on the S&P tonight. If it doesn't hold, us bears could be in a little trouble. Several indicators are showing a heck of a divergence coming in. Very similar scenario to mid-June technically. Will be an interesting end to the week.
Bear market rallies die in low volume... Just a point irrelevant to the current scenario. I am a little bit skeptic about all the green shoots. I don't think that the economy is 50% (if we get another push here) better than it was in March. The only way to know that this is a bull for sure is to test a lower level, and by this at least 800 on the S&P500. The Goldman call seems a bit dodgy to me.
Why is that bearish?
Couldn't the fact no volume has come in near or at resistance mean there is no supply there? Especially since the price is still going up?
a test of 3890 area would be good
That's some detailed gut feeling.the dow seven straight days in a row with a uptrend...making all xao on stochastic view<---(overbought)I know the views of most threads saying trends ur friend,and you should move with the bulls..but im made a lot of money with my gut feeling..my personal opinion the general markets either being xao/dow/ftse 100 will move sideways in a 2-3wk pattern absorbing or the end year finacial reports and by mid-august onwards i feel that the bulls will come out ..i predict the xao will push through 4100 mid august..and assume the xao will trade above 4400 in september..as for the next few days sencario..im putting my cfds from long to shorts...and will see the market pull back a liitle after today..then movesideways..so as of now im shorting heavily for the next days on the xao
My research indicates The XAO will high into either the 23rd - 24th July 2009 .
And what research would that be?
My research indicates The XAO will high into either the 23rd - 24th July 2009 .
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