Charmin Posted January 30, 2010 Report Share Posted January 30, 2010 I was almost a believer that the pigmen would try to spring back and hold above the 1091 closes today. I thought the bears might short cover more on a Mr. Widget Day 5 as the 8 day oscillator drifts back to the zero momentum zone. I now have an idea that if the 5 day crosses back down through a waning 8 day we could see two more days left in this cycle going lower. If the 5 & 8 day continue to drift above the zero momentum zone we could also be looking at some oscillator divergence with price. Price is crashing into the Nov. 9 gap with almost two times the volume. 1091 steel I-beam busted http://www.StockSharePublishing.com/ChartL..._1264816995.png Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 A refresher on what to look for at big market turns....for the next time, if you missed this one... If we do get hard down here today...the run for the 200-day may finally be on....and it may come faster than many believe possible... If bears fail to negotiate this turn, then they are probably screwed....this looks like potentially very pivotal area SMH down 2%...our leader is speaking.... If this turns out to be the exact top on SOX, wouldn't be the first time 900 has worked it's magic, eh? Before After...almost there....faster than many believed possible a few short weeks ago... Link to comment Share on other sites More sharing options...
fxfox Posted January 30, 2010 Report Share Posted January 30, 2010 S&P500 monthly March 09 lows will never ever been seen again Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 OIH looking a bit suspect after it's 900 tag as well... Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 S&P500 monthly March 09 lows will never ever been seen again And what if they do get broken? What target would come into play then? Link to comment Share on other sites More sharing options...
Charmin Posted January 30, 2010 Report Share Posted January 30, 2010 For Shorty: Mr. Market can pound sand. It needs a new gas pedal for upward mobility Uncle Buck approaches it's weekly 50 ba ma at 79.80 Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 From a purely fractal basis, does fxfox see no similarity in the two charts? Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 Or if not NYA, how about XAX? Link to comment Share on other sites More sharing options...
K Wave Rider Posted January 30, 2010 Report Share Posted January 30, 2010 Here is the aftermath of the first one.... Link to comment Share on other sites More sharing options...
Trader Joe Posted January 30, 2010 Report Share Posted January 30, 2010 After attempting to catch the falling knife in oil and all the other news noise this week I am beginning to see helicopters outside my house! [flash=425,344]http://www.youtube.com/watch?v=zA1hyqA6UTY.swf I don't recognize that congressman..... Link to comment Share on other sites More sharing options...
shorty Posted January 30, 2010 Report Share Posted January 30, 2010 1091 steel I-beam Link to comment Share on other sites More sharing options...
fxfox Posted January 30, 2010 Report Share Posted January 30, 2010 And what if they do get broken? What target would come into play then? i would say 211, to make the similarity to the 1930s perfect Link to comment Share on other sites More sharing options...
MrHanky Posted January 30, 2010 Author Report Share Posted January 30, 2010 A hot knife through cheese? Link to comment Share on other sites More sharing options...
Trader Joe Posted January 30, 2010 Report Share Posted January 30, 2010 Stoopid spaghetti? Or scary spaghetti? Link to comment Share on other sites More sharing options...
shorty Posted January 30, 2010 Report Share Posted January 30, 2010 A hot knife through cheese? the markit has cut the cheese, that's fer sure Link to comment Share on other sites More sharing options...
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