volume surge, overshot, could be another rebound attempt here, the target is already set.
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nice signal bar, need H4 to confirm the rebound. the bigger picture however, the selling isn't over yet, beware.
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Cobra wrote:volume surge, overshot, could be another rebound attempt here, the target is already set.
That might not just be a rebound target. The main reason it might be a rebound target is that is resistance going back a few weeks, so maybe it backtests? But, I know those don't always mean what you'd think they mean.
Last edited by cletus on Mon Jun 06, 2011 3:27 pm, edited 1 time in total.
rebound as I said, still some room from the target.
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BullBear52x wrote:OK I made up my mind, 1282 it is, tomorrow I will take some profit, not today. I am getting greedy again this is my bad habit.
I am out, so I wont change my mind.
When I get greedy I loose Just about all the time. I sold today. Good luckBB
kena is there any way to post your bullish perct chart (hopefully its through stockcharts.com) that had you calling for this correction a couple weeks ago. I would like to ad it to my box of tools if you dont mind. Thank you in advance.
the bigger picture even with no bear flag, so any rebound from here will be a sell opportunity.
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KENA wrote:If you count the small dn day then today is the 4th dn day .The possibility of 5 in a row is very low.
SPY down 4 days in a row, buy at close, not much edge for the next day, but if you turn off the computer and hold until the very first green day, the odds are above 75%, if i remember correctly.
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BullBear52x wrote:OK I made up my mind, 1282 it is, tomorrow I will take some profit, not today. I am getting greedy again this is my bad habit.
I am out, so I wont change my mind.
When I get greedy I loose Just about all the time. I sold today. Good luckBB
kena is there any way to post your bullish perct chart (hopefully its through stockcharts.com) that had you calling for this correction a couple weeks ago. I would like to ad it to my box of tools if you dont mind. Thank you in advance.
I subscribe to the Dorsey Wright Point and Figure charts. We are not supposed to copy and repost.This could get me in trouble.I will post info on the charts as they change.
well, I think that's it for today. sorry not much comment today, a friend asking for a long term investment plan, so did the homework for him. Thank you guys, I'll see you tomorrow.
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I subscribe to the Dorsey Wright Point and Figure charts. We are not supposed to copy and repost.This could get me in trouble.I will post info on the charts as they change.[/quote]