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
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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.
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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.
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