On the SPX charts, all the stochastics crossed of course as I
already discussed below, 15 min, 30 mine etc. today you
just had to be ready to short first thing in the morning when it
turned down, I tried to alert you as quickly as I could.
However now on the 15min chart 144 stochastics crossed and is
trying to find some support at the 50% area, which is a support
level, so a bounce here is logical, does it form a bear flag or
not? I sold some SDS on the quick spike down but I'm also
keeping some just in case this is bear flag of
sorts. Of course if the 144 stochastics crosses below 50%,
that would be very negative
SPX 15 min and market and trade comments
Posted by matt on 6th of Aug 2010 at 11:57 am
On the SPX charts, all the stochastics crossed of course as I already discussed below, 15 min, 30 mine etc. today you just had to be ready to short first thing in the morning when it turned down, I tried to alert you as quickly as I could.
However now on the 15min chart 144 stochastics crossed and is trying to find some support at the 50% area, which is a support level, so a bounce here is logical, does it form a bear flag or not? I sold some SDS on the quick spike down but I'm also keeping some just in case this is bear flag of sorts. Of course if the 144 stochastics crosses below 50%, that would be very negative
Nice call yesterday regarding "seeing
Posted by Peridot on 6th of Aug 2010 at 12:20 pm
Nice call yesterday regarding "seeing 1110".
Thanks Peridot - now the
Posted by steve on 6th of Aug 2010 at 12:37 pm
Thanks Peridot - now the question is if the bulls will be able to hold it here or not.