The low volume up this morning suggests a reversal today
wouldn't be a surprize. These divergent highs on the 60min chart
are very welcome in what looks like a 5th wave with decent
symmetry.
Yes the 60 min SPX chart now has nice divergence via the MACD,
we did not have this last week and is what bothered be about trying
to short. Now we have divergence setting up and we are riding
the #4 trendline up
All of these little signals can get a boy chompin at the bit.
Having said that, I think the bulls won't give up without a fight.
Could be a slow roll over.
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waiting for 2nd pass....
Posted by cal1 on 16th of Nov 2009 at 11:10 am
The low volume up this morning suggests a reversal today wouldn't be a surprize. These divergent highs on the 60min chart are very welcome in what looks like a 5th wave with decent symmetry.
Yes the 60 min SPX
Posted by matt on 16th of Nov 2009 at 11:19 am
Yes the 60 min SPX chart now has nice divergence via the MACD, we did not have this last week and is what bothered be about trying to short. Now we have divergence setting up and we are riding the #4 trendline up
Would be nice to see
Posted by cal1 on 16th of Nov 2009 at 11:28 am
Would be nice to see a high volume pullback this week and a failure to retest the high, with a breakdown triggering initial shorts early next week.
(please excuse my fan lines)
I like how that Aroon
Posted by matt on 16th of Nov 2009 at 11:23 am
I like how that Aroon went negative Monday last week, but then went back positive on Tuesday.
All of these little signals
Posted by cal1 on 16th of Nov 2009 at 11:32 am
All of these little signals can get a boy chompin at the bit. Having said that, I think the bulls won't give up without a fight. Could be a slow roll over.