i think the rally will end now and the market will take breath untill new figures shows on... going below 820 is a new black wednesday in wall street....
Although we may have put in a short term bottom around 830, we need to see a move above 853 before we can say THE bottom is in for this intermediate swing low.
A rise above 853 will bring a quick move to 875 and if that level clears then the trading bias will flip from short to long.
I just wish more bullish people like yourself would just give up and throw in the towel already then we might get a tradable bottom. untill then we shall trickle lower untill we get the washout that takes us to DOW 3000!
i think the rally will end now and the market will take breath untill new figures shows on...
ReplyDeletegoing below 820 is a new black wednesday in wall street....
Although we may have put in a short term bottom around 830, we need to see a move above 853 before we can say THE bottom is in for this intermediate swing low.
ReplyDeleteA rise above 853 will bring a quick move to 875 and if that level clears then the trading bias will flip from short to long.
Just curious what you use as your stop on an entry at 834 - do you use 830 or 832.5 (the S3 line)?
ReplyDeleteI just wish more bullish people like yourself would just give up and throw in the towel already then we might get a tradable bottom. untill then we shall trickle lower untill we get the washout that takes us to DOW 3000!
ReplyDelete