There isn't a whole lot of support under the lows of last
summer.... and we just broke under them. The positive
divergences look (to my amateur eye) like a "recycling back to
zero" and they have resumed a bearish daily cross. Doesn't
look terribly oversold here either. Finally, we have every
key moving average stampeding downward at a menacing looking
angle.... all in bearish configs.
GS reports this week -
GS
Posted by steve on 18th of Jul 2011 at 11:50 am
GS reports this week - I suggest you wait for a BUY trigger in accordance with your trading time frame to enter any trade.
What would be a buy
Posted by david_lee on 18th of Jul 2011 at 12:13 pm
What would be a buy trigger for GS on a daily?
Thanks for all of the
Posted by georgio on 18th of Jul 2011 at 12:08 pm
Thanks for all of the advice....It is appreciated.
Lost the lows of last summer....
Posted by kalinm on 18th of Jul 2011 at 12:00 pm
There isn't a whole lot of support under the lows of last summer.... and we just broke under them. The positive divergences look (to my amateur eye) like a "recycling back to zero" and they have resumed a bearish daily cross. Doesn't look terribly oversold here either. Finally, we have every key moving average stampeding downward at a menacing looking angle.... all in bearish configs.
it is tomorrow.not next week..fyi
Posted by tonygrusso on 18th of Jul 2011 at 11:59 am
it is tomorrow.not next week..fyi
Thanks Tonygrusso - I meant
Posted by steve on 18th of Jul 2011 at 12:04 pm
Thanks Tonygrusso - I meant to say this week.
lots of financials reporting tomorrow....ibm tonight.....trin is FINALLY on the move.....
Posted by marketguy on 18th of Jul 2011 at 11:55 am