everyone seems to be expecting downside whether its driven by
the impending month of September which statistically is weak or the
recently confirmed Hindenburg Omen
This tells me to be wary of a short term rally to some degree to
unwind some of the oversold status
Its also approaching month end and 401k money will probably find
its way to the market over the coming week or so
Short term, I lean to the upside rather than the downside. Short
term being the next week or so!!
yes possibly, anyway remember we are at support. The time to
short the indexes was not today near support, but a couple weeks
ago on a break of that rising wedge, or after the bounce last week
to 1100, but not today, today was too late to short the indexes.
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SPX
Comment
Posted by babyface0721 on 24th of Aug 2010 at 10:21 am
Target for SPX after breaking the 1050 mark is 963 area
everyone seems to be expecting
Posted by vimal on 24th of Aug 2010 at 10:54 am
everyone seems to be expecting downside whether its driven by the impending month of September which statistically is weak or the recently confirmed Hindenburg Omen
This tells me to be wary of a short term rally to some degree to unwind some of the oversold status
Its also approaching month end and 401k money will probably find its way to the market over the coming week or so
Short term, I lean to the upside rather than the downside. Short term being the next week or so!!
short term to the upside
Posted by Palladin on 24th of Aug 2010 at 11:10 am
short term to the upside as well but treading carefully.
looks like filling todays opening gap is possible according to the 5 min.
yes possibly, anyway remember we
Posted by matt on 24th of Aug 2010 at 10:58 am
yes possibly, anyway remember we are at support. The time to short the indexes was not today near support, but a couple weeks ago on a break of that rising wedge, or after the bounce last week to 1100, but not today, today was too late to short the indexes.