EWZuber
1,373 posts
msg #60278
- Ignore EWZuber |
3/7/2008 11:18:43 AM
john, you may be right. VIX bounced again this hour and the 15 HR.MA is now in an uptrend with the 25 HR.MA flat.
COMP meanwhile has tested it's 10 HR.MA as resistance and it bounced down, confirming it as resistance for now. Looks like this will be a shorting opportunity.
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nikoschopen
2,824 posts
msg #60279
- Ignore nikoschopen |
3/7/2008 11:57:25 AM
The price action looking bit messy on the 5-min chart, indicating a possible reversal, which is very typical in a thinly traded lunchtime doldrum, albeit not a major one in my opinion.
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nikoschopen
2,824 posts
msg #60281
- Ignore nikoschopen |
3/7/2008 12:40:41 PM
W-pattern emerging on the 5-min chart with a tail.
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nikoschopen
2,824 posts
msg #60282
- Ignore nikoschopen |
3/7/2008 12:43:10 PM
Sure enough, S&P kicking up lots of dust almost instantly.
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nikoschopen
2,824 posts
msg #60284
- Ignore nikoschopen |
3/7/2008 12:55:49 PM
However, we're still in a bear territory. The downtrend remains in effect until proven otherwise.
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EWZuber
1,373 posts
msg #60286
- Ignore EWZuber
modified |
3/7/2008 1:23:46 PM
Bought some QID earlier but closed it as the Q's revisited the mornings low.
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nikoschopen
2,824 posts
msg #60287
- Ignore nikoschopen |
3/7/2008 1:40:57 PM
Trend has yet again reversed to downside. If this sticks, we could see some ugly fall in the afternoon. Hold ure breath!
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EWZuber
1,373 posts
msg #60289
- Ignore EWZuber |
3/7/2008 1:48:58 PM
Q's are getting really oversold here, I'm gonna leave it alone until it works some of that off.
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nikoschopen
2,824 posts
msg #60290
- Ignore nikoschopen |
3/7/2008 2:43:29 PM
Zub, how's ure TWS functioning? For the last 30 minutes, mine's acting weird. The data flow is very jittery.
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EWZuber
1,373 posts
msg #60292
- Ignore EWZuber
modified |
3/7/2008 2:57:20 PM
No problem here but since I'm in Alaska I probably get it from a different feed than you do.
Did you get the latest TWS upgrade?
The last one I got made some nice upgrades on the real time charts.
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