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JA
jarek
Rep: 94
Posts: 3,474
This is already 70 points straight down. If this rising TL doesn't stop this, it could go much lower:
JA
jarek
Rep: 94
Posts: 3,474
It looks so weak, that I think ... that bulls can make it
JI
jimkane
Rep: 3,058
Posts: 33,089
Those bulls are in a lot of trouble...
JA
jarek
Rep: 94
Posts: 3,474
They can still come back with a vengeance...
JI
jimkane
Rep: 3,058
Posts: 33,089
If they sold this hard into the close (I see little chance of that) I'm looking at the mid to upper 20's.
JI
jimkane
Rep: 3,058
Posts: 33,089
Instead I think they will try hard to vigorously defend the LOD.
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I said... Too obvious.
JA
jarek
Rep: 94
Posts: 3,474
Short covering rally might be spectacular at this stage
JA
jarek
Rep: 94
Posts: 3,474
... but it wasn't.

I'm leaving again tomorrow and may not be back for the whole next week. Have a great weekend and good trading next week!
RO
roofer
Rep: 3,689
Posts: 3,574
i have a major disconnect that is very troubling to me,,, conditions are in place for a turn....basis .886 on gap on 5@geo in spy....if the turn was to be important, i would expect the charts of stocks in my scan to have hundreds at line support.. not the case... most are in the no man's land..... a rally here would put most at resell levels....
JI
jimkane
Rep: 3,058
Posts: 33,089
Very interesting, roofer.
JI
jimkane
Rep: 3,058
Posts: 33,089
I think they want up, big up, real bad. Just a sense I get.