ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
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Hi, Cobra, I am a new bee here, and first post in the board. Wanted to thank you for this excellent board.
Currently out of long position this morning, and got a little bit short here as my goal was reached and didn't see the stock moving for a while. Watch closely.
Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
Cobra wrote:ChiOsc still high, volume keep decreasing, way too stretched above EMA, hardly believe all those don't matter and we're back to those QE days.
Great, got the message... Thanks.
Thanks and welcome aboard.
It's been 2 years when in most times nothing matters, the market simply up and up and up, so I just said normally, should be a pause around here but no guarantee and that's why I never front run the market.
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S&P 500 trying to get over 1,204 resistance level. If it does the move should be taken with a grain of salt because volume is very thin. rocstocktrader.webs.com
KENA wrote:IMHO..I don't see the mkt going up much from here..Some of the leaders have topped out and are having Lots of Res. on the dn trend line.None have broken it yet.These are..VMW,LULU,CMG,BIDU,NFLX..N ow we wait and see.
Unless we start seeing some downticks (NYSE TICK), or some selling volume, have to go with a pullback in a Bull Trend Day, until a reversal is confirmed.
Mongoose wrote:Cobra - any indicators suggesting short covering?
up huge on tiny volume, most likely it's short covering. other than that I don't know.
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