StockFetcher Forums · General Discussion · The market is going down.<< >>Post Follow-up
Swiftj
20 posts
msg #58685
Ignore Swiftj
1/2/2008 6:27:36 AM

Based on the charts of the individual Dow stocks and on various sentiment guages, it appears that the broad market has more downside to come. Just my opinion

EWZuber
1,373 posts
msg #58707
Ignore EWZuber
modified
1/2/2008 4:23:08 PM

I suspect what we have here is a large Pennant Pattern forming on the COMP daily chart.

Swiftj
20 posts
msg #58764
Ignore Swiftj
1/5/2008 5:16:44 PM

The weekly charts on the individual Dow 30 stocks still look terrible. (They haven't turned the corner yet) This is in spite of the TRIN ($TRIN) showing that the market is way oversold.
Does anybody see anything good (i.e, bullish) in the weekly charts of the Dow 30 stocks?

Also of interest is that the Put/call ratios indicate that the option players are reasonably bullish. The market usually doesn't go up until the option players (on the call side) have thrown in the towel.

.

StockFetcher Forums · General Discussion · The market is going down.<< >>Post Follow-up

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