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aussiebear

World Stock Markets Trading Discussion - Hilly highways

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A couple day bounce here....

Sold UVXY@67 for a +10

Sold TZ@12.20 from months average @11.00..... +1.20

Long WDC @41.30 pre-market today

 
Long AMZN @1495.00
 
Small window into erections.......

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1 minute ago, zero_value said:

A couple day bounce here....

Sold UVXY@67 for a +10

Sold TZ@12.20 from months average @11.00..... +1.20

Long WDC @41.30 pre-market today

 
Long AMZN @1495.00
 
Small window into erections.......

Oh yeah usually do not use stops I am the fool who averages up or down but in this case tight stops.......

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They continue to have trouble penetrating and clearing downtrending resistnace now at 2658. Unless that's broken, bears are in control. There's a descending wall of sellers that buyers have been unable to overcome. 

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Just now, DrStool said:

They continue to have trouble penetrating and clearing downtrending resistnace now at 2658. Unless that's broken, bears are in control. There's a descending wall of sellers that buyers have been unable to overcome. 

This looks like distribution all over again.

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1 minute ago, DrStool said:

There's a second trendline just above this at 2664. Bulls could go on a mini stampede if that's cleared. 

Look at that little guy go - I think he'll lose control of this bull.

post-837-1193328320.jpg

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This rally was launched from a big positive divergence in the 5 day cycle oscillator. That indicator is now at a new high for the move. 

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