Posted by wondernut98 on 25th of Oct 2008 at 12:03 am
JMO but Dig looks good, the OIH
looks good, the GDX-BUCY-JOYG look good as well and the SPY looks
OK. I don't think Friday was the final low but I do beleive
that we get some real ramp in this market into the Fed
Meeting.
The market felt exhausted to me on
Friday. If buyers step in and shorts cover in a big way we
should see some real fireworks.
wondernut98-yes DIG and GDX bounced well on Friday and I discussed this
on Thursday, however the market index charts look like descending
triangles and so odds favor a downside break and if that occurs,
will DIG and GDX get pulled down too?
DIG
I've been following Ravun's 5 min 7/21 EMA system ($INDU) to the letter ...
Posted by ocracoke53 on 24th of Oct 2008 at 03:46 pm
Also crossover on the 15min chart with DIG
DIG
Posted by wondernut98 on 25th of Oct 2008 at 12:03 am
JMO but Dig looks good, the OIH looks good, the GDX-BUCY-JOYG look good as well and the SPY looks OK. I don't think Friday was the final low but I do beleive that we get some real ramp in this market into the Fed Meeting.
The market felt exhausted to me on Friday. If buyers step in and shorts cover in a big way we should see some real fireworks.
wondernut98 -yes DIG and GDX bounced
Posted by matt on 26th of Oct 2008 at 02:54 pm
wondernut98 -yes DIG and GDX bounced well on Friday and I discussed this on Thursday, however the market index charts look like descending triangles and so odds favor a downside break and if that occurs, will DIG and GDX get pulled down too?
also at the HOD!!
Posted by dylan398 on 24th of Oct 2008 at 03:47 pm
also at the HOD!!