yep that's what they are for now, htere are no buy signals,
really there's nothing else to post. Intra day market is
oversold with some divergence so it could still bounce, but yeah
ugly action, and if the indexes down't bounce by say within the
next hr, then most of the time it will continue selling off into
close
Bear Flags?
Posted by Robert50 on 18th of Aug 2011 at 01:26 pm
Am I missing something? All I see is bear flags on intraday charts.
yep that's what they are
Posted by matt on 18th of Aug 2011 at 01:31 pm
yep that's what they are for now, htere are no buy signals, really there's nothing else to post. Intra day market is oversold with some divergence so it could still bounce, but yeah ugly action, and if the indexes down't bounce by say within the next hr, then most of the time it will continue selling off into close
I guess if we break
Posted by Robert50 on 18th of Aug 2011 at 01:35 pm
I guess if we break 1120 on Friday (SPX) its the end of the world for the longs...