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aussiebear

World Stock Markets Trading Discussion - Cancerous cascade

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Tell ya what. A 10 or 15 point down day would be bearish as hell. It would set a pattern of modestly weak days supported by short covering. They'll just grind away day after day.  

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26 minutes ago, DrStool said:

Holding here at 2722 puts 2745 back in play. Day traders dream.   

Sigh. 

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8 minutes ago, MisFit Kid said:

On the hour buying....and a new daily high......

how cute......

It probably doesn't mean a thing but still it seems kind of brazen, as in what you going to do about it.

Winning some battles but losing the war. Well that's a long time off. Let's say 8000 Dow points.

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2 day cycle projection now 2755.  

Shorts are their own worst enema. 

Haven't used that line for a while. 

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They've hit minor trend resistance here. Trend resistance convergence 2750 near the close. 

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Tuesdays Gone with the Wind

or

Afternoon Delight

 

>: any hope for the Hour of Power

>::fuhgetaboutit...it is too easy for them

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Just broke out of rising channel. Pennies from yesterday's low. 

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Resistance trend convergence on the hourly is 2748 at 3 PM. 

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