Eman93 4,750 posts msg #72602 - Ignore Eman93 |
3/12/2009 10:58:11 PM
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Eman93 4,750 posts msg #72603 - Ignore Eman93 |
3/12/2009 11:10:56 PM
I think folks are screwed up when they say we are past important resistance.
If you use the "LOW" CLOSE and not the lows of November we are right at resistance.
I hope most of you know from TRO that the CLOSE is a very strong price point.
The Nov 20 close was 752.44
Todays high was 752.63 and was rejected back down under 752.44 to close @ 750.74.
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Eman93 4,750 posts msg #73040 - Ignore Eman93 modified |
3/23/2009 10:40:10 PM
Looks like the "all gaps get filled" line is holding true.......we need to get to 826 to fill the 2/17 gap down.
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Eman93 4,750 posts msg #73357 - Ignore Eman93 modified |
4/7/2009 12:32:24 AM
Have we reached the top?
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johnpaulca 12,036 posts msg #73358 - Ignore johnpaulca modified |
4/7/2009 12:52:34 AM
It is what it is, a downward trend, every rally should be shorted...imho
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tomm1111 202 posts msg #73381 - Ignore tomm1111 |
4/8/2009 2:42:46 AM
Eman93,
Nice chart.
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Eman93 4,750 posts msg #73446 - Ignore Eman93 modified |
4/9/2009 9:27:38 PM
OK we have a break out, all be it on fake bank earnings and Gov manipulation of the markets, but hell its a run to the 200 day SMA (upper red line). Now my trusty trading book says to go long a above the breakout bar with a stop below the break out bar.
The bears are running for their lives right now.
Any way the depth of the channel is 207 so 100% would put you to 1043. I am not saying with a straight face tha we will run to 1043 but to the 200 day MA is possable, take profits half way.... I will ball up and put on some swing trades Monday.
Stocks in strong sectors with lots of short intrest should be golden, lets kick some bear ass.....
I think we rip higher in a very excelerated manner as the bears capitulate. I am not waiting for pull back on this one. The bears will cover on every dip.
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Eman93 4,750 posts msg #74183 - Ignore Eman93 |
5/6/2009 11:37:35 PM
Almost time to get short..........
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