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Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 3:59 pm
by Mr. T
Look at that - it just broke it.

That theory is toast.

Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 4:02 pm
by heavenskrow
awesome day today, peace guys! :D

Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 4:03 pm
by tapesense
Thanks Cobra and all for a great forum 8-)

Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 4:09 pm
by sola
TICK closes above 1000 again...

Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 4:28 pm
by frankthetank
Finishing at the highs of the day and with no retracement signals a bear day for me. (not to mention stochatics are really over bought, momentum falling, short term chaikin falling) Add in Consumer confidence is at 10 am tomorrow are we going to have a bullish start to the day tomorrow?

Re: 08/29/2011 Intraday Watering

PostPosted: Mon Aug 29, 2011 4:46 pm
by shumushu
frankthetank wrote:Finishing at the highs of the day and with no retracement signals a bear day for me. (not to mention stochatics are really over bought, momentum falling, short term chaikin falling) Add in Consumer confidence is at 10 am tomorrow are we going to have a bullish start to the day tomorrow?


The answer to your question: YES. Since there is no retracement, its a strong up day. Since its overbought and it keeps on rallying, it suggest the strength is still strong.