capitall Posted March 7, 2009 Report Share Posted March 7, 2009 No, but a few of us that went long the late-afternoon bottom are eating steak, instead! Great. Congratulations to all who did! Link to comment Share on other sites More sharing options...
shorty Posted March 7, 2009 Report Share Posted March 7, 2009 Former KB Home CEO Indicted on Fraud Charges Link to comment Share on other sites More sharing options...
Cassiopeia Posted March 7, 2009 Report Share Posted March 7, 2009 OK, looking back at the charts...SPX support at 680 held at the end of the day....That is to be respected...We go up until we hit resistance....maybe 717...maybe 741...maybe 770...We won't know until we get there.....We have positive divies on the short term charts...and negative divies on the VIX charts....So...It all makes sense.....I don't mean to doubt any of the traders here....I'm just from Missouri... And I still can't get over Carl Futia FINALLY being correct - of course I expect a fade of Cramer..... Okay, (much time passed) I finally realized what that bear was actually doing. Appalling! Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 52week lows up, Nas and Dow a/d's fall Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 Averaged advancing issues down while up vol up, but small impact on averaged price Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 i've yet to run my scan for these, but they appear to be all over the charts tonight... Doji's are reversal candlesticks. They and are formed when the security opens and closes at the same level, implying indecision in the stock price. Depending on the length of the shadows and location, doji's can be devided into the such formations as: doji, long legged-doji, butterfly doji, gravestone doji, 4 price doji, etc. Doji's become more significant when seen after an extended rally of long bodied candles (bullish or bearish) and are confirmed with an engulfing. Single Candle Patterns Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 7, 2009 Author Report Share Posted March 7, 2009 i've yet to run my scan for these, but they appear to be all over the charts tonight... Doji's are reversal candlesticks. They and are formed when the security opens and closes at the same level, implying indecision in the stock price. Depending on the length of the shadows and location, doji's can be devided into the such formations as: doji, long legged-doji, butterfly doji, gravestone doji, 4 price doji, etc. Doji's become more significant when seen after an extended rally of long bodied candles (bullish or bearish) and are confirmed with an engulfing. Single Candle Patterns You mean like 18 days down with almost no bounces, like on the Trannies now...one of the longest such slides on record... I would still not be surprised if we get one last vertical slide if the rally fails on Monday, but if Monday is big and hard up with good breadth, da bear may bear ready for a breather.... Link to comment Share on other sites More sharing options...
Pretzel Logic Posted March 7, 2009 Report Share Posted March 7, 2009 You mean like 18 days down with almost no bounces, like on the Trannies now...one of the longest such slides on record... I would still not be surprised if we get one last vertical slide if the rally fails on Monday, but if Monday is big and hard up with good breadth, da bear may bear ready for a breather.... Agreed. For some who have gotten too bearish, sometimes it helps to step back and take a look at what a bounce to 780ish here might look like in the bigger picture (hint: not much)... The good news is (if my count is right), bears should have one more shot to pick up around 200 SPX points. That's a LOT of chicken. I still have this itch that says maybe the 5th wave extends... but that won't be answerable until after the bounce is over. And I hope that itch is wrong, because it would mean absolute economic devastation... Link to comment Share on other sites More sharing options...
K Wave Rider Posted March 7, 2009 Author Report Share Posted March 7, 2009 Interestingly, the trannies had a similar run to this this 2 month swing down in 2000. They started down on 1/11/00, and made final bottom on 3/7/00, and then had a huge rally back up to resistance at 200 day (and also 900 day in this case). In this case we started down on 1/7/09, and now sit at 3/6/09, so run has been just hair longer time wise... Link to comment Share on other sites More sharing options...
psyche doctor Posted March 7, 2009 Report Share Posted March 7, 2009 OK, looking back at the charts...SPX support at 680 held at the end of the day....That is to be respected...We go up until we hit resistance....maybe 717...maybe 741...maybe 770...We won't know until we get there.....We have positive divies on the short term charts...and negative divies on the VIX charts....So...It all makes sense.....I don't mean to doubt any of the traders here....I'm just from Missouri... And I still can't get over Carl Futia FINALLY being correct - of course I expect a fade of Cramer..... Posted on: Jul 21 2005, 07:58 PM "I am telling you guys - watching Cramer last night was surreal. I mean, all those sheoples cramed into that studio like a bunch of lepers and infirm into a church trying to get healed by some charasmatic. It was like some kind of revival at a cult or something. They had this trance-like-gleem in their eyes as they cheered their messiah on, seeking divination and wisdom. That scene was indicative of the larger conscious, of the whole flock of sheoples - reminiscent of the final hours before hundreds drank of the poison cool-aide." Psyche Doctor. Link to comment Share on other sites More sharing options...
fxfox Posted March 7, 2009 Report Share Posted March 7, 2009 Interestingly, the trannies had a similar run to this this 2 month swing down in 2000. They started down on 1/11/00, and made final bottom on 3/7/00, and then had a huge rally back up to resistance at 200 day (and also 900 day in this case). In this case we started down on 1/7/09, and now sit at 3/6/09, so run has been just hair longer time wise... Link to comment Share on other sites More sharing options...
T_Slim Posted March 7, 2009 Report Share Posted March 7, 2009 well the fraudexes painted nice dojis on the daily charts. if ym takes out 6745, it might have trouble around 6859 - 6876. gold found support around 900 and looks poised to continue the upward voyage. got my eye on the yen crosses for next week. Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 actually the scan i have readily available is supposed to be a turn finder - and so includes a tight range as 1 criteria, so it only output 100 symbols from a universe ~7000...suspect there's many more with broader price variance...but in example... (TRYING TO LIMIT THIS TO SOME MORE WELL KNOWN ) potential upside reversals DIA & DVY, SPY, AKAM, ALB, ANSS, AZN , BRO, CAKE, CL, CPB, ED,EMN,EWJ,EWS,FISV,GILD,GOOG, GR,HAS,IBB,IWM, (bunch of iShare index funds),MSFT,NKE, NTT, ORCL, PG, SDY,SPLS,TBT (!), WAG, XLB.XLP.XLU there were less but potential downside reversals AUO,BJ, BRCM,CEF,DOG,EWT,NSANY,PAAS, PFE,QLGC,RDS.A & .B, SH,SLV, SPIL, TLT, sorry to prattle on about it, BUTT it's the weekend, most are drunk already Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 and for the weakend, a couple LT weeklies Link to comment Share on other sites More sharing options...
BusKow Posted March 7, 2009 Report Share Posted March 7, 2009 oh, and for the new channel posted this morning...DOW6700 ought to cap it...just sayin' Link to comment Share on other sites More sharing options...
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