SB73
Posts: 1265 Joined: Wed Sep 14, 2011 12:20 pm
Post
by SB73 » Fri Jan 06, 2012 10:37 am
127.75 appears to be reasonable support. Need to see a power break through that support if I want to get too bearish.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:40 am
SB73 wrote: 127.75 appears to be reasonable support. Need to see a power break through that support if I want to get too bearish.
if we break below that, then i think a small .40 cent double top will be in affect.
SB73
Posts: 1265 Joined: Wed Sep 14, 2011 12:20 pm
Post
by SB73 » Fri Jan 06, 2012 10:41 am
jarbo456 wrote: SB73 wrote: 127.75 appears to be reasonable support. Need to see a power break through that support if I want to get too bearish.
if we break below that, then i think a small .40 cent double top will be in affect.
That is what I am playing...nice eye
Cobra
Site Admin
Posts: 59800 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Jan 06, 2012 10:41 am
double top?
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:44 am
i, like cobra, don't have imagination...but could this be yet another inside day? looking suspiciously like the past 2, but way too early to tell. i'll be watching for it though...
is doc al not up yet? did he stay up past his bedtime last night?
internals when you get a chance al...thanks!
BullBear52x
Posts: 29890 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:46 am
Line in the sand let see how the reaction here.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
Post
by Al_Dente » Fri Jan 06, 2012 10:48 am
jarbo456 wrote: i, like cobra, don't have imagination...but could this be yet another inside day? looking suspiciously like the past 2, but way too early to tell. i'll be watching for it though...
is doc al not up yet? did he stay up past his bedtime last night?
internals when you get a chance al...thanks!
A little early for internals, but anything for you jarbie
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
stucap
Posts: 994 Joined: Thu Jul 14, 2011 12:25 pm
Post
by stucap » Fri Jan 06, 2012 10:49 am
Channel or Currency? Who Wins?
Attachments
L_T
Posts: 1609 Joined: Tue Sep 13, 2011 9:49 am
Post
by L_T » Fri Jan 06, 2012 10:51 am
Houston? Weren't you just in Hawaii? Now Vegas? Wow you travel a lot.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:51 am
dollar going gang busters...
BullBear52x
Posts: 29890 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Jan 06, 2012 10:52 am
My read down move tops is in. bears can relax now. O yay
My comments are for entertainment/educational purpose only. NOT a trade advice.
Petsamo
Posts: 3339 Joined: Thu Jun 30, 2011 2:22 pm
Post
by Petsamo » Fri Jan 06, 2012 10:53 am
I wonder if we repeat yesterday, sell off the first 30 min, then rally the rest of the day. So, who's buying the dip?
Twitter @jackwag0n
SB73
Posts: 1265 Joined: Wed Sep 14, 2011 12:20 pm
Post
by SB73 » Fri Jan 06, 2012 10:54 am
Cobra wrote: double top?
bingo..now lets watch the rebound
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:55 am
Petsamo wrote: I wonder if we repeat yesterday, sell off the first 30 min, then rally the rest of the day. So, who's buying the dip?
it's tempting...but risky. lot of room down below for a flush...
Cobra
Site Admin
Posts: 59800 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Jan 06, 2012 10:56 am
double top target reached. some support here. could see rebound.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
Cobra
Site Admin
Posts: 59800 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Jan 06, 2012 10:57 am
I don't believe we'd see sharp reversal again the 3rd time. let's see.
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
jarbo456
Posts: 2218 Joined: Wed Aug 10, 2011 9:19 am
Location: New York, NY
Post
by jarbo456 » Fri Jan 06, 2012 10:57 am
i also say it's tempting because there some serious growing negD on the /DX chart...dollar will have to blow out to reverse the divergence...
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
Post
by Al_Dente » Fri Jan 06, 2012 11:00 am
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.