EWZuber
1,373 posts
msg #60376
- Ignore EWZuber
modified |
3/11/2008 12:32:52 PM
Well. the 5m/10 & 15MA's were confirmed as resistance as expected. Now the 5m/50 MA @ $41.72(& rising), which is immediate support, needs to fail for that next leg down.
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EWZuber
1,373 posts
msg #60377
- Ignore EWZuber |
3/11/2008 12:50:10 PM
And there it is all as planned.
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nikoschopen
2,824 posts
msg #60378
- Ignore nikoschopen |
3/11/2008 12:52:57 PM
Man, the slow grind down is killing me. I wish it would just tank for once. In this kind of environment the threat of a sudden reversal is actually even more deadlier. As such, I'm afraid of making any big bets.
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nikoschopen
2,824 posts
msg #60379
- Ignore nikoschopen
modified |
3/11/2008 12:58:43 PM
...just like NOW as S&P shoots up from 1286 to 1292 in matter of minutes.
I hope to live long enough to tell my share of woes to the next generation of would-be duped traders. lol
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EWZuber
1,373 posts
msg #60382
- Ignore EWZuber |
3/11/2008 1:26:24 PM
10HR.MA is flat and the market is trying to bounce up off of it.
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nikoschopen
2,824 posts
msg #60383
- Ignore nikoschopen |
3/11/2008 1:31:20 PM
As stated earlier, if the buy programs start kicking in as the afternoon session gets under way, we could easily retest the HOD and possibly breakout even higher.
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johnpaulca
12,036 posts
msg #60384
- Ignore johnpaulca |
3/11/2008 1:31:37 PM
Did you guys see the dip on MA...what a gift? just bought at 184, it's now about 190
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EWZuber
1,373 posts
msg #60385
- Ignore EWZuber |
3/11/2008 1:39:02 PM
QQQQ/COMP testing the 25 HR.MA as resistance at $42.04 & 2214 respectively.
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nikoschopen
2,824 posts
msg #60386
- Ignore nikoschopen |
3/11/2008 1:47:31 PM
It's my hunch that we'll carry this rally well into tomorrow. I usually don't like to sit idle for any length of time but I plan to do just that into the close...or until I get stopped out, which I hope will not happen.
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EWZuber
1,373 posts
msg #60387
- Ignore EWZuber |
3/11/2008 1:56:22 PM
I agree, it looks like it is going higher.
Once the 25 HR.MA is violated as resistance it will move with very little resistance to the 50 HR.MA at $42.41.
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