| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 7 8 9 10 11 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #61366 - Ignore nikoschopen |
4/11/2008 12:33:46 PM The blue line just got hit. It would be interesting to see whether it can pierce down to the red line. Moreover, how many times it will get hit and how strong the bulls can withstand the assault from the bears will be critical. Once the red line is violated, it will get downright nasty. After so many days of zigging and zagging with all the nonsense from the bull camp, bears are not gonna let up very easily this time around IMHO. |
| johnpaulca 12,036 posts msg #61367 - Ignore johnpaulca |
4/11/2008 1:06:40 PM Niko: I bailed two days ago from the market after seeing what occurred the last few times when the vix touches ema150. I believe that sometimes ya just gotta stay out of the market until ya get some clarity...I still believe we will see more downside...I am holding a few gold stocks and aggies are getting ahead of itself. I think it's time to chillaxe and enjoy the fresh spring flowers...summer is almost here....cheers |
| nikoschopen 2,824 posts msg #61374 - Ignore nikoschopen |
4/11/2008 1:49:25 PM Yup, I plan to do just that: chill for the summer as the S&P trades near the 1100 mark. Whether that pans out or not, I'll be chillin' nonetheless. BTW ure prolly aware that the phrase "cash is king" no longer applies in this market thanks to Bernanke & Co. |
| nikoschopen 2,824 posts msg #61375 - Ignore nikoschopen |
4/11/2008 2:06:31 PM Here are some additional support lines of minor importance. |
| jbrtrader 32 posts msg #61378 - Ignore jbrtrader |
4/11/2008 2:21:28 PM Yeah good point wondering the same for "sell in May and go away" The street sure managed one big final spike out of G.E. before they pulled the plug,imagine that right before earnings week! |
| nikoschopen 2,824 posts msg #61379 - Ignore nikoschopen |
4/11/2008 2:25:33 PM Just as planned, there ya have it. Target support reached. Now let's count how many times the bulls can withstand the onslaught. |
| nikoschopen 2,824 posts msg #61382 - Ignore nikoschopen |
4/11/2008 2:50:39 PM Here comes the second onslaught. |
| karennma 8,057 posts msg #61383 - Ignore karennma |
4/11/2008 2:55:09 PM Hey Niko! R U having FUN yet? ROFLMAO!! :>) |
| nikoschopen 2,824 posts msg #61385 - Ignore nikoschopen |
4/11/2008 3:09:04 PM Here comes the third and perhaps the final onslaught that will conclude the most recent chapter of the bull campaign. Should the support be breached, it will definitely prove fatal for the bulls . |
| nikoschopen 2,824 posts msg #61388 - Ignore nikoschopen |
4/11/2008 3:43:01 PM Going once, going twice, going thrice...it's a goner, baby! You can also see that it's a simple channel play. |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 7 8 9 10 11 ... 30 >>Post Follow-up |