Overshot with volume surge, I see a small pullback here. Overall, bears not attacking today so bulls seem OK.
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$TYX has broken out of downtrend line in last 2 or 3 week chart. TLT is going down accordingly.
What do you think of its trend in next few weeks to few months?
Thanks.
Hard to say TLT now. It was bullish until breakdown. Now need watch for awhile.
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lqiantobe wrote:Cobra~ tomorrow suppose the down day?
No idea, let's see how market close today. It still kind like a consolidation day for me, so not bad for bulls.
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lqiantobe wrote:Cobra~ tomorrow suppose the down day?
No idea, let's see how market close today. It still kind like a consolidation day for me, so not bad for bulls.
what about the bearish engulfing on big names like pcln , nflx, open , sohu, etc. ? any thoughts ?
Need follow through. I don't believe this market but so far I don't see any strength in bears.
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Cobra wrote:Fib and channel top. so far bulls are not bad.
Looks like a W Bottom, I think someone mentioned this earlier today...but I guess we're going to have to see how the handle forms...
Cobra, I'm so tired of wait and see...is this market giving you anything for your splendid recap?
I don't see anything special today so far, except that retailers are very very bullish, although the money is not as easy as before (don't you feel it?).
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