Bounce?

    Posted by toothdoctor on 29th of Jun 2010 at 10:58 am

    Internals look weak but volume on spy does not reflect a possible crash.

    Anyone agree?

    Bounce

    Posted by babyface0721 on 29th of Jun 2010 at 12:05 pm

    SPY has a gap to fill.  Go with the current trend.

    Renko10 turning down again. This

    Posted by sethbru on 29th of Jun 2010 at 11:59 am

    Renko10 turning down again. This market cannot muster a bounce.

    1040

    Posted by dylan398 on 29th of Jun 2010 at 11:33 am

    if we break 1040....you'll see volume

    dylan--what if

    Posted by perthx on 29th of Jun 2010 at 11:40 am

    what if we just spike to 1035ish sucker in the last of the bears and some of the reluctant bulls and then pop?? Looks possible to me here.

    But maybe we do just drop to 1005-1010 through the rest of week...

    bounce

    Posted by dallassteve on 29th of Jun 2010 at 11:17 am

    I am being cautious.  Covered my shorts thinking support might hold here.  Not taking on new positions yet.  The 5, 10 and 30 min renko charts look good.  

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!