Posted by junkmaylbox on 13th of Mar 2009 at 05:39 pm
We are near a target for this rally (61% retracement) at 766. We
may touch it briefly on Monday and then sell off, or we may just
sell off here. This rally reminds me of the first week after the
bottom in Movember (the Thanksgivings week). Market has advanced
for 5 consecutive days now. Off course, anything could happen but I
am relatively calm now even though my account is under water
too.
Posted by pthoreson on 14th of Mar 2009 at 03:16 pm
This is definitely deja vu all over again with respect to the
end of November. Doubts about whether we were in a minor 4th wave
of 3, with 5 to the downside yet to occur, or whether 5 of 3 had
completed and we were in a larger 4 to the upside. And, to make it
weirderer, my position in SDS is exactly the same!
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do any of you chartists
Posted by canadianguy on 13th of Mar 2009 at 03:56 pm
do any of you chartists see a Hangingman on today's candle on the DOW?
or is this just the opinion of a bear who is down on a trade he bought yesterday?
We are near a target
Posted by junkmaylbox on 13th of Mar 2009 at 05:39 pm
We are near a target for this rally (61% retracement) at 766. We may touch it briefly on Monday and then sell off, or we may just sell off here. This rally reminds me of the first week after the bottom in Movember (the Thanksgivings week). Market has advanced for 5 consecutive days now. Off course, anything could happen but I am relatively calm now even though my account is under water too.
This is definitely deja vu
Posted by pthoreson on 14th of Mar 2009 at 03:16 pm
This is definitely deja vu all over again with respect to the end of November. Doubts about whether we were in a minor 4th wave of 3, with 5 to the downside yet to occur, or whether 5 of 3 had completed and we were in a larger 4 to the upside. And, to make it weirderer, my position in SDS is exactly the same!