Anyone else notice that the 60 period sto on the 5 min has been
above 80 since yesterday afternoon....a drop of some sort is
coming, if only a few hours worth.
On the other hand if a major top is forming here right now, the
longs are gonna get busted hard as everyone tries to exit at one
time. Stay vigilant and don't get complacent!
Yes the 60 period stochastics has been above 20% all day long
however it may stay above 80% the rest of the day as it generally
does on trend days we'll see, but then tomorrow morning would be
due for a at least a quick pullback below 80%
SPX 5 min Sto
Posted by perthx on 13th of Oct 2010 at 02:26 pm
Anyone else notice that the 60 period sto on the 5 min has been above 80 since yesterday afternoon....a drop of some sort is coming, if only a few hours worth.
On the other hand if a major top is forming here right now, the longs are gonna get busted hard as everyone tries to exit at one time. Stay vigilant and don't get complacent!
yup, looking for a trigger
Posted by hazbin1 on 13th of Oct 2010 at 02:30 pm
yup, looking for a trigger to go short, but so far the market does no wrong (trend up), just wondering if INTC is a 'tell'?
Yes the 60 period stochastics
Posted by matt on 13th of Oct 2010 at 02:30 pm
Yes the 60 period stochastics has been above 20% all day long however it may stay above 80% the rest of the day as it generally does on trend days we'll see, but then tomorrow morning would be due for a at least a quick pullback below 80%
Maybe McHughs catastrophic downturn or
Posted by Palladin on 13th of Oct 2010 at 02:35 pm
Maybe McHughs catastrophic downturn or Prechters USD rally for the record books?
Or buy the dips?