3309 Drysdale Ct
Edwardsville, IL 62025
I can see R at 870 but that is one massive basing pattern.
I don't see anything bearish in this set-up at all any more, in the short term. I think we have to go up to go down at this point.
SKF and SRS have both busted support recently and seem like objective shorts to me, although I am only playing them using the mechs. They are both still pretty darn high compared to where they were very recently.
I recall someone posting a warning about checking that the indices confirm each others moves. Well right now, the NASDAQ does not confirm the SPX on the 15 minute chart.
It's not quite as clean but the same pattern is there. Also, look at how the fast MAs are getting ready to cross the 200.
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
Title: Ready to blow I can
FOMC
Posted by unsane on 28th of Jan 2009 at 12:24 am
I can see R at 870 but that is one massive basing pattern.
I don't see anything bearish in this set-up at all any more, in the short term. I think we have to go up to go down at this point.
SKF and SRS have both busted support recently and seem like objective shorts to me, although I am only playing them using the mechs. They are both still pretty darn high compared to where they were very recently.
I recall someone posting a
Posted by window72 on 28th of Jan 2009 at 08:02 am
I recall someone posting a warning about checking that the indices confirm each others moves. Well right now, the NASDAQ does not confirm the SPX on the 15 minute chart.
Title: Nasdaq vs SPX triangles It's
Posted by unsane on 28th of Jan 2009 at 08:25 am
It's not quite as clean but the same pattern is there. Also, look at how the fast MAs are getting ready to cross the 200.