Posted by cwa82675 on 10th of May 2010 at 12:26 pm
here is an update to the chart posted last week. I took
some starting short positions now, but I want to see how the market
closes out the day before I put some real money back into this
casino. It still seems like 1165-1180 should be formidable
resistance. something interesting to not is the rsi does not
seem like it wants to move higher, that along with the sto now into
the 90's makes me think the risk is to the downside.
here is an update to
my take
Posted by cwa82675 on 10th of May 2010 at 12:26 pm
here is an update to the chart posted last week. I took some starting short positions now, but I want to see how the market closes out the day before I put some real money back into this casino. It still seems like 1165-1180 should be formidable resistance. something interesting to not is the rsi does not seem like it wants to move higher, that along with the sto now into the 90's makes me think the risk is to the downside.
the move down from todays
Posted by cwa82675 on 10th of May 2010 at 01:28 pm
the move down from todays highs easily counts as an abc. if that is the case we may run into the close to form a divergent high.
Yes, that's what I'm thinking
Posted by cw12 on 10th of May 2010 at 01:37 pm
Yes, that's what I'm thinking too. It looks like we're flagging on the intraday charts for a move higher.