Posted by junkmaylbox on 14th of Jan 2009 at 03:36 pm
Matt, is the market likely to go up or down tomorrow? I am
deciding whether or not I should initiate a short position here --
since support at 850 is broken -- or close the remaining one
expecting an oversold bounce from here (6 consecutive down days).
Thanks!
SPX 30 min chart.png Yep tons
Posted by matt on 14th of Jan 2009 at 02:55 pm
UP or down on SPX tomorrow?
Posted by junkmaylbox on 14th of Jan 2009 at 03:36 pm
Matt, is the market likely to go up or down tomorrow? I am deciding whether or not I should initiate a short position here -- since support at 850 is broken -- or close the remaining one expecting an oversold bounce from here (6 consecutive down days). Thanks!
up or down
Posted by robincage1 on 14th of Jan 2009 at 03:38 pm
matt , your magic ball appreciated. up or down? any ideas?
daily inverse h&s?
Posted by robincage1 on 14th of Jan 2009 at 03:41 pm
couldn't the daily look like a very large rev H&S if the slide stops here and it bounces?
Tomorrow up or down
Posted by Michael on 14th of Jan 2009 at 03:40 pm
I just asked the magic 8-ball on my desk and it said -- I swear -- Reply Hazy, Try Again Later
The 8-ball says Outlook Not
Posted by Michael on 14th of Jan 2009 at 03:43 pm
The 8-ball says Outlook Not So Good. I'm going short.
But, on the plus side,
Posted by trader2 on 14th of Jan 2009 at 03:07 pm
But, on the plus side, the 60 stohs have been below 20 for five straight days now.....
looks like a little bear
Posted by matt on 14th of Jan 2009 at 03:05 pm
looks like a little bear flag on the 15 min chart, could see another sell off end of day here