EWZuber
1,373 posts
msg #60133
- Ignore EWZuber |
3/3/2008 1:54:12 PM
Just noticed that COMP bounced dead off of the 50 MO.MA today at 2254.
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nikoschopen
2,824 posts
msg #60134
- Ignore nikoschopen |
3/3/2008 1:59:43 PM
That's the bounce I was alluding to. It should head lower from here.
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nikoschopen
2,824 posts
msg #60137
- Ignore nikoschopen |
3/3/2008 2:37:45 PM
On a 5-min chart, bulls & bears are going head to head. Presumably, bears are gaining the upper hand.
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EWZuber
1,373 posts
msg #60138
- Ignore EWZuber |
3/3/2008 2:53:51 PM
VIX bounced up off of the 10 HR.MA and the COMP made a subsequent drop.
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EWZuber
1,373 posts
msg #60139
- Ignore EWZuber |
3/3/2008 2:58:47 PM
COMP is on its way to at least 2200, IMO.
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nikoschopen
2,824 posts
msg #60140
- Ignore nikoschopen |
3/3/2008 3:02:54 PM
bear raid looks increasing tired...a possible bounce from here.
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nikoschopen
2,824 posts
msg #60142
- Ignore nikoschopen |
3/3/2008 3:13:58 PM
Price action is quite messy, which is typical prior to a trend reversal (at least for the next 30-minutes or so, if we can get that far).
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nikoschopen
2,824 posts
msg #60143
- Ignore nikoschopen |
3/3/2008 3:32:57 PM
That's it. The reason for optimism should fade. Shorting the market with tight stop.
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EWZuber
1,373 posts
msg #60144
- Ignore EWZuber |
3/3/2008 3:36:31 PM
VIX breaking the 10 HR.MA as support. Next stop the 15 HR.MA.
It needs to finish this negative half of the cycle on the Hourly Chart.
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maxreturn
745 posts
msg #60147
- Ignore maxreturn |
3/3/2008 5:42:11 PM
More ping pong. SPY held support above the support zone of 131.73-132.86. Will we go back up to test the upper part of the range again around 139.61? WTH knows? Really getting tired of this range. Think I'll trade forex :)
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