"What's Beyond The Sky?"
164 replies to this topic
Posted 16 December 2002 - 01:29 PM
904 is a key level. If they hold that, there will be another shot up to 910+. If they fail, it's a beautiful whopsaw and we can all just relax.
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Posted 16 December 2002 - 01:30 PM
Maybe the "With Mainstreet on the Sidelines, Market Rally Stalls" article in the WSJ fired up the bull boys. All they have to do is ramp and convince the "retired marketing executives" and the "family practice dentists" to cough up the dough they claim they've been stashing.
Posted 16 December 2002 - 01:31 PM
UNH setting up again..This next move down could be large.
Also many other recent "leaders" on the verge of breakdown. APOL, COCO, EXPE, IGT, AZO. This rally should be short lived, short 'em on the bounces.
Posted 16 December 2002 - 01:32 PM
I would define the compx 5min. chart as parabolic ( unsubstainable) with it's sharply rising wedge. Is it looking toppy? 1391 a res. line........ This short term stuff mostly for entertainment and scalpers...... imo
Posted 16 December 2002 - 01:34 PM
Note the flat lining TRIN and TICK just barely above zero. If TICK goes negative and TRIN starts rising smartly....time to get short.
Just my opinion.
Posted 16 December 2002 - 01:35 PM
"slope of the subsequent down phase"
Come on subsequent...
Posted 16 December 2002 - 01:40 PM
Wow, a cross-over and a triple kiss. This bullishness has to stop - this ain't no ice skate'n contest.
Posted 16 December 2002 - 01:43 PM
Wow, that p/c chart makes my eyes cross. And of course I'm already cross when the market acts like this.
Of course I'm caustic!
Posted 16 December 2002 - 01:45 PM
I say to myself self when all this chop grab the
stops crap is over.
The decline will be Breathless Not many will be on
board. The bigger they are the harder they fall
Posted 16 December 2002 - 01:51 PM
Folks, don't get spooked by the high put/call ratios. They are bullish only in the very short term (1-3 days). Longer term, they will result in an upturn of the 21-dma of the $CPC, which is bearish. Remember the chart I posted a couple of weeks ago? In fact, the 21-dma of the $CPC made a low on December 2, which low remained in force for more than 10 trading days. According to Larry McMillian, this is a Sell signal; we got it on Friday.
Posted 16 December 2002 - 02:14 PM
K Wave comes up for air.
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