all ths signs added up last night on the hourly , the harami,the bounce off the top of the cloud and the 200ma , bearish engulfing, the macd crossover, the rsi turning down and crossing through the 75 line.
the volatility is a bit scary though.
Printable View
all ths signs added up last night on the hourly , the harami,the bounce off the top of the cloud and the 200ma , bearish engulfing, the macd crossover, the rsi turning down and crossing through the 75 line.
the volatility is a bit scary though.
MACD doing a hook on the hourly??
these are big black candles!
www.stocktiming.com: -data point 19May 2009-
...Institutional Core Holding http://i46.tinypic.com/10xvshw.jpg in confirmation mode -below secondary support-
Trader Update -data point 19 May 2010:
...the SPX 500 index traded below the May 17 Low *1115 easily, took out the May 10 Open *1110 as well and dived straight down to the 200-day MA current *1101
checking market internals, support became apparent in the 200-day MA support zone as indicated by NYSE up-tick buying power and the index seems to be stabilizing between *1110 and *1101
...however, risks remain for the index to trade lower to the next down target the May 7 Low *1094 (+) as long as the institutional Core index remains below the secondary support zone on a confirmed basis
...assuming that the *1094/*1101 zone remains supported, trading needs to re-enter the May 7 High *1137/May 12 Low *1143 on a Close basis for confirmation of the support range as floor and the base for a slow grind higher during summer into the year target zone *1300
...this bullish scenario crumbles on a sustained penetration of the *1090 level (-stop-)
...institutional selling http://i49.tinypic.com/2ujplko.jpg with an uptick, still in technical uptrend
Long Term: http://i41.tinypic.com/33mmkxe.jpg
Kind Regards
What is the PE ration for the S&P and DOW?
Anyone know where I can find that out?
Dow 15.6 :- http://www.djaverages.com/?view=inve...ols&page=quote
SP500 20.22 :- http://www.multpl.com/
You reckon?
Belg, far from being "a safe place to come back in", buying when the market is weak (red) is in fact a very RISKY time to buy. We have no way of knowing how far the fall will take us. There were contrarians with that sort of "permabull" attitude buying at the blue arrow - and all the way down as the slide continued. Mugs!
http://i602.photobucket.com/albums/t...B/SP500520.gif
PE today SPX 500 = 16.18, source Bloomberg.
...agree, buying support on the NYSE was actually quite strong today most likely lifting the Institutional Core Index above secondary support again; a long trade on the SPX 500 with a stop *1090 -way to go- oils
...close above 70 also affirms potential for a bullish outlook but:
a trillion EURO pobably not good enough to solve the debt issues in the Eurozone (and elsewhere) for long and necessary USD/EURO swaps put USD upside pressure into the equation which is deflationary; I do not think that interest rates are going to be a problem in a deflationary or inflationary environment >they are going to stay at zero no matter forever and a day
Kind Regards