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need see more signals after bell. Today's low will sure be revisited in the next couple of days based on statistics.MM111 wrote:Cobra, is it the case you are bullish in the context that we should test the highs again today/tomorrow and then going short.
You just don't want it to go down prematurely before you have time to load up?
Myself, 1220 looked so good!
Thanks and welcome aboard!endoal wrote:New to board but have watched for awhile. Great group and lots of good info.
Thought I'd toss in one chart pattern that seems to some consistency.
If you look at the $SPX 5min with 50 and 200 SMA the crossovers often lead the upcoming trend.
Some are very short lived
A downward crossover occurred today.
Not a silver bullet but maybe just another in the clip to help guide decisions.
endoal wrote:New to board but have watched for awhile. Great group and lots of good info.
Thought I'd toss in one chart pattern that seems to some consistency.
If you look at the $SPX 5min with 50 and 200 SMA the crossovers often lead the upcoming trend.
Some are very short lived
A downward crossover occurred today.
Not a silver bullet but maybe just another in the clip to help guide decisions.
Not for me, I made some money overnight & today!99er wrote:Updates
SPX http://99ercharts.blogspot.com/2011/10/spx_13.html
RUT http://99ercharts.blogspot.com/2011/10/rut_13.html
ES http://99ercharts.blogspot.com/2011/10/es_13.html
Most boring day ever?
Totally agree about the 50 and 200SMA as another bow in the quiver. Been watching this myself on the Russell ... hasn't happened yet.endoal wrote:New to board but have watched for awhile. Great group and lots of good info.
Thought I'd toss in one chart pattern that seems to some consistency.
If you look at the $SPX 5min with 50 and 200 SMA the crossovers often lead the upcoming trend.
Some are very short lived
A downward crossover occurred today.
Not a silver bullet but maybe just another in the clip to help guide decisions.
Thanks, Cobra! Great job -- as always!!Cobra wrote:well, guess that's it for today. still likely yesterday's high will be revisited but also today's low will be revisited. the question is which one first. No idea yet, need dig more. thanks ladies and guys, I'll see you tomorrow.
doesn't mean gap down but certainly some chances of reversal.AK84 wrote:cobra
red hollow reversal bar on spy . i like it for a huge gap down tom
do u ?