3309 Drysdale Ct
Edwardsville, IL 62025
SPX is at it's bottom channel line of a 2 year and 8 month channel. Perfect. It's old school but I love it.
And there is a perfect H+S bottom on the minute chart over the last 3 days.
Indicators are trying to turn around now.
Oh well ... we'll see. So much fear, uncertainty and negativity feels good right here to go long. We'll see in a few hours......
Seriously, markets discount the worst scenario. I would buy the bank news from France and Germany. Also, we have an OBV divergance over the last 2 1/2 days on the spy. Stocks like GMCR and TPX are being accumulated.
Ralph
No, not really. Maybe after one more good push down?.
Good Observation Chas but no buy signal as yet. Watching the HS futures pattern for the near term.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=2&mn=11&dy=15&id=p23529323734&a=124886673&r=2302&cmd=print
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
2 good reasons for the market to rise here. Anyone else find a reason to turn around ?
Posted by chas on 11th of Aug 2011 at 04:02 am
SPX is at it's bottom channel line of a 2 year and 8 month channel. Perfect. It's old school but I love it.
And there is a perfect H+S bottom on the minute chart over the last 3 days.
Indicators are trying to turn around now.
Oh well ... we'll see. So much fear, uncertainty and negativity feels good right here to go long. We'll see in a few hours......
Title: Cramer is positive (
Posted by rslph on 11th of Aug 2011 at 09:38 am
Seriously, markets discount the worst scenario. I would buy the bank news from France and Germany. Also, we have an OBV divergance over the last 2 1/2 days on the spy. Stocks like GMCR and TPX are being accumulated.
Ralph
No, not really. Maybe after
Posted by johnc on 11th of Aug 2011 at 08:21 am
No, not really. Maybe after one more good push down?.
or the Bilderbers want to go on vacation for a couple of days
Posted by zach06 on 11th of Aug 2011 at 05:36 am
My Old Channel Chart
Posted by steve on 11th of Aug 2011 at 04:20 am
Good Observation Chas but no buy signal as yet. Watching the HS futures pattern for the near term.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=2&mn=11&dy=15&id=p23529323734&a=124886673&r=2302&cmd=print