StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 20 21 22 23 24 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #62797
Ignore nikoschopen
5/19/2008 4:01:16 PM

Although there seems to be a remote resemblance between A and B, there's a few qualitative difference. Whereas A closed up from the previous day, B closed down (or so it appears at the moment). More importantly, A closed above the lower channel while B closed below the lower channel.

S&P 500 Futures (ESM8) 15-Minute


nikoschopen
2,824 posts
msg #62819
Ignore nikoschopen
5/20/2008 11:33:35 AM

S&P 500 (ESM8) Daily
zoom

S&P 500 (ESM8) 15-Minute
zoom







petrolpeter
439 posts
msg #62824
Ignore petrolpeter
5/20/2008 1:19:06 PM

Nice view on that reversal like watching your big game walk out in the open during the hunt!About 12:30 yesterday.Have been also watching SDS also on my polarized etf screen for stochs to finally go under 20
Fetcher[market is etf and slow stochastic(5,5) %K is below 20 and volume is above 1000000 and offset 5/19/2008]

for the sell-off.

nikoschopen
2,824 posts
msg #62825
Ignore nikoschopen
5/20/2008 1:20:42 PM

I would like to think otherwise but we could see a slight reversal here.



nikoschopen
2,824 posts
msg #62826
Ignore nikoschopen
5/20/2008 1:42:44 PM

What looked like a recovery effort on the part of the ever-stubborn bulls that we've come to know in the last 2 months seems fading at the moment. For the time being, everything kinda hinges on whether the trendline will remain intact or not. If the bulls hold out long enough, there may be a massive exodus of skittish bears that could send the market higher. Anything goes is the preferred motto, if you ask me.

nikoschopen
2,824 posts
msg #62827
Ignore nikoschopen
5/20/2008 1:58:41 PM

The pattern of zigging and zagging, all the while taking forever to get its ass back up, should not bode well for the bulls. It tends to leave a bad aftertaste.



nikoschopen
2,824 posts
msg #62828
Ignore nikoschopen
5/20/2008 2:15:27 PM



chetron
2,817 posts
msg #62829
Ignore chetron
5/20/2008 2:20:19 PM

BOUNCE BABY, BOUNCE. LOL.




nikoschopen
2,824 posts
msg #62831
Ignore nikoschopen
5/20/2008 2:58:36 PM

There's a real danger for this market to swoon if we don't get a decent bounce within the next 15 minutes. Obviously, bulls are acting like sissies today.

nikoschopen
2,824 posts
msg #62832
Ignore nikoschopen
5/20/2008 3:27:49 PM

That's it, we're going down! Gggrrrr!!!


StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 20 21 22 23 24 ... 30 >>Post Follow-up

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