This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
AGAIN SOME INTERESTING CHARTS TO VIEW AND TO ANALIESE .
I HAVE SEEN A NOT TO COMMON EVENT TODAY IN THE FOLLOWING MAJOR INDEX'S . INDU, SPX 500, NYSE AND THE COMPQ , AND THE $RUT 2000.
THESE ALL MADE AN OUTSIDE DAY TO THE DOWN SIDE , BY MOVING HIGHER AND CLOSING LOWER THAT THE PREVIOUS DAY HIGH'S AND LOW'S , WITH HIGHER VOLUME IN EACH OF THE 4 MAJOR INDEX'S.
THE NASDAQ 100 DID NOT NOT CLOSE LOWER THAN THE PREVIOUS DAY CLOSE , BUT THE VOLUME WAS HIGHER .
THESE COULD BE A SHORT TERM PULL BACK SIGNAL THAT MIGHT LAST A WEEK OR SO . IT IS ABOUT 75 TO 80 % OF THE TIME A SHORT TERM SIGNAL .
THAT'S MY 2 CENT'S WORTH .
ALL THE VERY BEST TO YOU C R AND TO ALL OF YOUR FINE COMMENTATORS . D-KNOX .
Ahh, always good to see Paul & Bernanke! The good Mr Paul, even bringing out a silver coin. Benny must have been furious inside.
ReplyDeleteSo...Benny claims he does his own shopping...hmm. I guess he pays with the Bernanke Buxs.
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HELLO C R ;
ReplyDeleteAGAIN SOME INTERESTING CHARTS TO VIEW AND TO ANALIESE .
I HAVE SEEN A NOT TO COMMON EVENT TODAY IN THE FOLLOWING MAJOR INDEX'S . INDU, SPX 500, NYSE AND THE COMPQ , AND THE $RUT 2000.
THESE ALL MADE AN OUTSIDE DAY TO THE DOWN SIDE , BY MOVING HIGHER AND CLOSING LOWER THAT THE PREVIOUS DAY HIGH'S AND LOW'S , WITH HIGHER VOLUME IN EACH OF THE 4 MAJOR INDEX'S.
THE NASDAQ 100 DID NOT NOT CLOSE LOWER THAN THE PREVIOUS DAY CLOSE , BUT THE VOLUME WAS HIGHER .
THESE COULD BE A SHORT TERM PULL BACK SIGNAL THAT MIGHT LAST A WEEK OR SO . IT IS ABOUT 75 TO 80 % OF THE TIME A SHORT TERM SIGNAL .
THAT'S MY 2 CENT'S WORTH .
ALL THE VERY BEST TO YOU C R AND TO ALL OF
YOUR FINE COMMENTATORS . D-KNOX .
Thanks DKnox,yes I noticed the outside day.Was hoping we might see some followthrough today !
ReplyDelete