perfect action so far. Looking at the chart we have sto
and rsi making it up to 50 already and almost no positive movement
in price. that is a great sign we are headed much
lower. The movement down this morning set this up perfectly;
that way when we came back to 0 we already burned up some of the
positive sto movement even though we had no price movement from the
previous day.
spy 60min
Posted by cwa82675 on 20th of Aug 2008 at 03:53 pm
perfect action so far. Looking at the chart we have sto and rsi making it up to 50 already and almost no positive movement in price. that is a great sign we are headed much lower. The movement down this morning set this up perfectly; that way when we came back to 0 we already burned up some of the positive sto movement even though we had no price movement from the previous day.
yes, seems like SPX is
Posted by googool on 20th of Aug 2008 at 04:00 pm
yes, seems like SPX is working on a small wave 4 up, it should gather steam in oversold areas, which, IMHO, might provide a new short initiation spot