i covered all my shorts at 1206.5 ... good enough for me today. we should find support now at the 10ema on the 60min chart at 1205. thanks all for charts/commentary today.
Cobra wrote:as I said not good looking rebound, this really is bad. How come the market suddenly reverse hard, this is not a typical strong uptrend day should be.
a little big picture, again, it's rare what we had for the past 7 days was just one leg up, it takes a few reversal of reversal of reversal to be actually topped. So, generally, I really mean generally (as nothing guaranteed in the stock market), the very first pullback is buy.
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cache wrote:BullBear---I just can't make myself sell till I see how today plays out. Positive volume has just backed off, we'll dip. I want to see how far.
with the run this strong, bears need to take note that's for sure.
My comments are for entertainment/educational purpose only. NOT a trade advice.
note top dow gainers all day were (and still are) DIS BAC JPM
all also happen 2 be on our list of top dow sqz candidates
are they giving up the ghost here???
“We are not retreating - we are advancing in another Direction." [General Douglas MacArthur]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
good, that PD did pay off. but normally, this is a 2 legged pullback, so the rebound shall fail eventually. the time is running out for bears though, 30 min to go.
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Cobra wrote:good, that PD did pay off. but normally, this is a 2 legged pullback, so the rebound shall fail eventually. the time is running out for bears though, 30 min to go.
so you said 2 leg pullback. rebounce shall fail .so it is for bear to show the muscle? thanks
PLUNGE wrote:I agree with others here who plan to or have shorted the Russell 2000. Developed my swing trading chart from 15 years trading for a living. It is an hourly chart of $RUT with 13/34 EMA cross overs for entering and trend line breaks for exits to maximize profits.
That's a 15' chart not 60'. Did you mean 15'?
Thanks,
Sorry, it is 15'. Certainly OK for any who find it useful to copy and use it.
Thanks, why do you use nasdaq u/d volume instead of nyse u/d volume?
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"