I have some concerns
I've got an hourly sell that kicked in on oex last night....I'm also wondering about the number of people that are seeing this as an orderly pullback .....from what I can tell...LOTS! I just have a feeling that the orderly pull back could also have been distribution...but that's a guess.. Not being able to get back on top of 1331 SPX on an hourly close is bearish. OEX 615 is also key...610 is next...and that is a must hold..below 610 and I think we are off to new lows. I'm neutral...and will believe in that abcxabc count for the time being ....but guarded. Also watch the 40sma on spx MONTHLY at Mondays close..closing below it is a big "tell"..fwiw.
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2008
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March
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- Stay focused..
- OEX monthly
- Concerns..
- GOLD
- Another crack at it..
- Impossible?
- A few charts of interest
- Why I'm watching oex 630
- Bottom in?
- Morning of the 20th
- "this still bugs me" revisited...
- This still bugs me
- SPX bigger picture
- Ya just never know..
- Another..
- Also should be watched
- Watch this...
- INDU...the one with overlap!
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March
(18)
3 comments:
Is it possible for you to post charts that update?
As was the case in your previous blog
Andreas..no..they won't update...and I've tried posting links but they don't work either.
I really didn't want to get into answering comments as my time is short. This is just to give ideas for people doing there own charting....set up your own charts.
I'm closing off the comments..sorry.
Teaparty...
Hey man! Looking like a slow morning. Maybe a intraday triangle forming in most indexs. Thanks for sharing your charts.
Cheers.
PS I am one who feels like its an orderly pull back
StillLearnin (SL)
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