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Bear Zone Stool for Fryday, 22 August The End of the experiment?
#1
Posted 22 August 2003 - 01:32 AM
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.
Thor thanking thoth who thported.
I have many opinions; but I strive not to act on them.
#3
Posted 22 August 2003 - 05:33 AM
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.
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.
Attached image(s)
I have many opinions; but I strive not to act on them.
#4
Posted 22 August 2003 - 08:23 AM
5thelement, on Aug 22 2003, 03:00 AM, said:
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...
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...
Ditto. Thanks.
#6
Posted 22 August 2003 - 04:00 PM
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.c...et/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.c...et/SC.web?c=SPY,uu[h,a]wacayyay[pb13!b40!f][vc60][iUl14!Lh14, 3]&pref=G
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.c...et/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.c...et/SC.web?c=SPY,uu[h,a]wacayyay[pb13!b40!f][vc60][iUl14!Lh14, 3]&pref=G
#7
Posted 22 August 2003 - 04:29 PM
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
I have many opinions; but I strive not to act on them.
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