StockFetcher Forums · General Discussion · Dow futures<< 1 2 >>Post Follow-up
nikoschopen
2,824 posts
msg #59257
Ignore nikoschopen
1/23/2008 2:49:45 AM


Quote from nikoschopen:

This is just a rough guess but if we were to get a long tail or a hammer formation on Monday, man, you better get out of the way and quick too, for this might be the classic head banging selling climax just before the Fed policy meeting convenes.

Just my otherwise useless 2-cents.


And long tail we got indeed. As you can see from the chart below, we will most likely head up for the next few days. But it won't be a smooth sailing. There will be a lot of bumps that will throw you off balance. Happy trading!



moqual
38 posts
msg #59261
Ignore moqual
1/23/2008 9:18:30 AM

S&P 500 candlestick formation is a high wave which represents indecision. Also notice the close was below the open, which is bearish. DJIA candlestick is a bullish hammer, yet it's still slightly bearish with the close below the open. Still more downside to come

nikoschopen
2,824 posts
msg #59264
Ignore nikoschopen
1/23/2008 12:11:14 PM

This is what I wrote in Mary's call on AAPL earnings thread:

The market will swoon tomorrow on AAPL earning but, overall, you'll eventually get what you want thanks to our dear patron saint, Father Bernanke. Rest assured that you'll be well taken care of.

Ironically, I'm not too bearish at this moment. The risk of being squeezed out far outweighs any chance of sudden rally or rallies leading up to next week's Fed rate cut.

nikoschopen
2,824 posts
msg #59275
Ignore nikoschopen
1/23/2008 3:28:04 PM

By now, I'm sure the shorts are definitely being squeezed out.

StockFetcher Forums · General Discussion · Dow futures<< 1 2 >>Post Follow-up

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