FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Spoon. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Dow is more bullish then the rest. Spoon could be making a triangle. Link to comment Share on other sites More sharing options...
Guest Posted March 14, 2003 Report Share Posted March 14, 2003 Are there equivalents for SPX/COMPX/NDX? Yes - and also for several other indices and sectors. Take a look at this and this article in my forum. Regards, Vesselin Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 If things play out as per charts then Dow should hit 8500 Link to comment Share on other sites More sharing options...
Slothrop Posted March 14, 2003 Report Share Posted March 14, 2003 NET building a hammer today on the daily and just above the former resistance of its 55-dma. Donged it for a s/t pop up into the gap. Link to comment Share on other sites More sharing options...
sniff Posted March 14, 2003 Report Share Posted March 14, 2003 Sure there are plenty of lines to watch, but this one seems appropriate to watch for a bust or hold... Seems like options nutty week a little early...... Link to comment Share on other sites More sharing options...
sniff Posted March 14, 2003 Report Share Posted March 14, 2003 guess that would have been a support line, which is now a resistance line, now the slide below the wedge support line near 25.40 would be nice.. And a close below there would turn it back into resistance..... Prices running back and forth across these lines. Continuosly... Must mean something... maybe sloppy, toppy, choppy.... Did pick up an interesting note about yesterdays gap...... seems most do not believe it was a break away gap...... because there was no fundimental reason for it. Also price and trending indicators were out of sync......... V shall see...... Link to comment Share on other sites More sharing options...
Slothrop Posted March 14, 2003 Report Share Posted March 14, 2003 Perfect little head and shoulders on the Dow intraday. Correction to the uptrend seems on time and part of the program. Link to comment Share on other sites More sharing options...
Slothrop Posted March 14, 2003 Report Share Posted March 14, 2003 Pause at 830 S&P. Could it be that 830, the former resistance level, has now become support? Link to comment Share on other sites More sharing options...
Rockhead Posted March 14, 2003 Report Share Posted March 14, 2003 QQQ, 15 minute. Anyone care to comment on the discepancy between accumulation and volume ratio indicators? Definition of volume ratio..............The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line. Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse. Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2003 Report Share Posted March 14, 2003 Pause at 830 S&P. Could it be that 830, the former resistance level, has now become support? The fade at the top of this SPX 5 min flag doesn't look too bullish yet. Let's see what happens at the bottom now. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Rockhead Distribution is what comes to mind when I look at the Trin. My thoughts are we are building a top without more data I am not committing any money to short side. Picture will become clearer as more data comes in. Link to comment Share on other sites More sharing options...
GregFokker Posted March 14, 2003 Report Share Posted March 14, 2003 Agree, FF. The % of sell short to sell looks even better. They're cleaning house. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Money came from bond and short covering. Yields need to raise for any more upside. Let see how it plays out. Money came from bond and short covering. Yields need to raise for any more upside. Let see how it plays out. I am going to look for short during the scam week depending on charts patterns. Link to comment Share on other sites More sharing options...
Rockhead Posted March 14, 2003 Report Share Posted March 14, 2003 Feed Thanks for the agreement as to what I was thinking. The declining volume ratio does not support the move up! Thats the fact Jack. And the market trac site which u use also supports distribution (great site BTW). In complete agreement....wait a bit to see what develops and then take positions. EDIT....Let me also add.....we do need to see the accumulation indicator go below zero line. Otherwise, any dips of the indicator which are completed above zero line are considered buying opportunities in my software. As they say, buy the dips above zero and short the peaks below zero. Link to comment Share on other sites More sharing options...
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