ThorAss Posted August 22, 2003 Report Posted August 22, 2003 Well no sense talking to myself. I already know what I have to say. There is obviously no pressing need or support for this forum so I will not be opening it any more. If any one else would like to give it a go be my guest. I may decide to open a weekly report here on Market Timing from a bearish standpoint but I see no need for a bearzonely daily thread at this time. Thor thanking thoth who thported.
5thelement Posted August 22, 2003 Report Posted August 22, 2003 Well Thor, I meself enjoyed coming here from time to time but no one else wants to play here. Must be a sign the "top" of the March Madness rally is almost here when no more bears want to play in a bears playground... see ya in Golden Stool...
ThorAss Posted August 22, 2003 Author Report Posted August 22, 2003 Oh well might as well see the week out but DCM (Don't come Monday.) I see the diamonds have having 1 point in probable upside and about 18 in probable downside. This makes for a better risk trade to the downside especially in light of where we are. Short here, stops above 96 or 97, go for 79 or so.
Hiding Bear Posted August 22, 2003 Report Posted August 22, 2003 Well Thor, I meself enjoyed coming here from time to timebut no one else wants to play here. Must be a sign the "top" of the March Madness rally is almost here when no more bears want to play in a bears playground... see ya in Golden Stool... Ditto. Thanks.
anjing bau Posted August 22, 2003 Report Posted August 22, 2003 THORnberry.............. nice bearish candle on the daily..... 3 drives to the top complete macd divergence... really need the RSI to slice thru the 50 line and getsome downside acceleration .... a 10% decline seems reasonaBULL dotcha think? http://stockcharts.com/def/servlet/SC.web?c=Spy,uu[h,a]dacayyay[pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G weekly chart says come to the 40 wma so we can bounce baby bounce..... http://stockcharts.com/def/servlet/SC.web?c=SPY,uu[h,a]wacayyay[pb13!b40!f][vc60][iUl14!Lh14,3]&pref=G
ThorAss Posted August 22, 2003 Author Report Posted August 22, 2003 My take was we would go down today based on yesterday's candle. High probability. Didn't stop me from smashing my fist on the table when I saw the pre-market. I was waiting for just such a day as today. Unfortunately my patience didn't extend to waiting for it to get short. So .... I'll be pouring over the charts this weekend. Good luck AB and all
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