Bear attack was done. Hourly bar close below daily lows.. Now the train is going to back up to allow the painty-waists who didn't have the nuts to take a short position at resistance to pour a glass of Cabarnet, close longs, board the short bus at their own pace. Me thinks Myagi's Pbar would be the ideal sell trigger signal in hindsight.
overshot, so might see rebound here first, then we'll see.
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.
Yes I'm thinking barring an afternoon moon-shot it was a good swing short signal. Ideally we get a close below 175.53 to really put the nail in the coffin.
Attachments
Last edited by L_T on Fri Nov 01, 2013 12:38 pm, edited 1 time in total.
exceeded mini rebound target, so should be 2 legged rebound at least if not the low was in.
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.
fehro wrote:even thought the car is running and green... seems there's a little problem under the hood.
Well the car is running and red and the condition under the hood supports the dive, dive, dive,
Wed early morning was the high and close to the 1776 you spoke of 1733.25
The day was FOMC wed time to do down
For the dark ironic look.. oh look you did not quite make independence "1776" from the evil lows of "666".. we still own you as the evil bankers laugh..
Last edited by fehro on Fri Nov 01, 2013 12:42 pm, edited 1 time in total.
SPX 5m.... possible minor invs H&S forming.. but no pos div on the MacD, fwiw.... on support on the 60m SPX, current candle possible reversal type..made a slightly lower low... still not sure... need to see how the pullback "RS" looks...
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.
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.