StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 10 11 12 13 14 ... 30 >>Post Follow-up
karennma
6,386 posts
msg #61581
Ignore karennma
4/18/2008 10:03:10 AM

Niko:
DOW broke resistance @ 12,825 ...
what's up with THAT!!?
frankly, I AM surprised.


karennma
6,386 posts
msg #61582
Ignore karennma
4/18/2008 10:22:16 AM

or it might just be some more options expiration BS.




nikoschopen
2,824 posts
msg #61585
Ignore nikoschopen
4/18/2008 11:02:35 AM

This is in fact scary. Not so much because Google reported 20% higher AdClick growth or that Citigroup reported only $5.1 billion loss, but the damn chart is displaying an inverted head & shoulders.


S&P 500 Daily


nikoschopen
2,824 posts
msg #61587
Ignore nikoschopen
4/18/2008 11:06:28 AM

Whether that IHS will be broken remains to be seen, the market will most likely go overboard and test 1400 in the meantime. If it shows any weakness at that point, I will definitely whip out my short order.

maxreturn
745 posts
msg #61589
Ignore maxreturn
4/18/2008 11:13:59 AM

Just like I posted earlier the 139-140 area is critical right now basis SPY. Tons of resistance and the EMA200 lurking overhead. Who will win the battle....da bulls or da bears? Either way I'll be ready :)

johnpaulca
10,080 posts
msg #61592
Ignore johnpaulca
4/18/2008 11:53:10 AM

I am net short....I don't see the driver for this market...I am taking it on the chin being short.

nikoschopen
2,824 posts
msg #61593
Ignore nikoschopen
4/18/2008 11:54:48 AM

What's up with this IHS?

S&P 5-minute


nikoschopen
2,824 posts
msg #61597
Ignore nikoschopen
4/18/2008 1:56:29 PM

Alright, jumping in short here just under the lower channel line.

karennma
6,386 posts
msg #61598
Ignore karennma
4/18/2008 1:57:09 PM

Niko -- do me a favor please ... ?
Post a DOW chart ... show IHS if you see it.
THANKS.
:>)



nikoschopen
2,824 posts
msg #61599
Ignore nikoschopen
4/18/2008 2:30:17 PM

I don't speak in tongues (only tongue in cheek), but the tower of Babel is falling!

Yo Karen, I'll post the chart after the close. Sorry, I gotta trade.


StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 10 11 12 13 14 ... 30 >>Post Follow-up

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