Posted by frtaylor on 27th of Sep 2012 at 12:10 pm
How it all changes in the blink of an eye! moments ago the
QID was bouncing off support, it seemed like we were headed down
again (which I welcome), but now it's off to the races?! Well, not
exactly, SPX is still not quite halfway back up from the move
down.
yep, but SPX had a nice little base on 5 min, and if you
listened to my letter last night, it was very oversold short term
as well with the RSI 2 closing at 0.97% on the daily chart, that's
rare - see the stats from last night.
and yes the market is very prone to sharp moves these days from
news out of Europe - it's best to keep some kind of news service up
- one service I like is Benzinga,
How it all changes in
SPX 5 min follow up
Posted by frtaylor on 27th of Sep 2012 at 12:10 pm
How it all changes in the blink of an eye! moments ago the QID was bouncing off support, it seemed like we were headed down again (which I welcome), but now it's off to the races?! Well, not exactly, SPX is still not quite halfway back up from the move down.
yep, but SPX had a
Posted by matt on 27th of Sep 2012 at 12:15 pm
yep, but SPX had a nice little base on 5 min, and if you listened to my letter last night, it was very oversold short term as well with the RSI 2 closing at 0.97% on the daily chart, that's rare - see the stats from last night.
and yes the market is very prone to sharp moves these days from news out of Europe - it's best to keep some kind of news service up - one service I like is Benzinga,
http://breakpointtrades.com/blog/post/209161/
Cool, thanks.
Posted by frtaylor on 27th of Sep 2012 at 12:20 pm
Cool, thanks.