Key Reversal

no_pm_please · Aug 22, 2003

ES is shaping up as a Key Reversal day. The swing traders looking for a short signal are probably drooling.....

http://www.twistedtunes.com/player/playMain.asp?ID=334&Speed=2

Free Thinker · Aug 22, 2003

good song.

waggie945 · Aug 22, 2003

Banks crashing and Chip Stocls looking EXHAUSTED.

Not a good sign for the market.
Everything going out on the lows.

Looks like a close below the 10-Day in the S&P Futures as well.

:eek:

doublea · Aug 22, 2003

Look at the DOW daily chart.

5/29/03 was a true reversal day too but DOW went up 650 pts. before any retracement.

7/25/03 was another TRD but DOW went down about 300 points.

I don't know what to make out of this market. For a TRD to be more valid I think it has to be confirmed by volume. The volume was very light.

I think we might go down to about 9126 and then to 9900.

Too bad it's Friday today, we'll have to wait 2 freaking days to find out whether or not today's TRD is valid.

LouieR · Aug 22, 2003

Cool tune

simstim · Aug 22, 2003

is that your tune no_pm? if i remember correctly, you're a musician.

cool song regardless.

doublea · Aug 26, 2003

Quote from doublea:

Look at the DOW daily chart.

5/29/03 was a true reversal day too but DOW went up 650 pts. before any retracement.

7/25/03 was another TRD but DOW went down about 300 points.

I don't know what to make out of this market. For a TRD to be more valid I think it has to be confirmed by volume. The volume was very light.

I think we might go down to about 9126 and then to 9900.

Too bad it's Friday today, we'll have to wait 2 freaking days to find out whether or not today's TRD is valid.

We might be headed to 9900. Late day reversal seems strong.

Free Thinker · Aug 26, 2003

Quote from doublea:

We might be headed to 9900. Late day reversal seems strong.

possibly just eom window dressing

doublea · Nov 5, 2003

Quote from doublea:

We might be headed to 9900. Late day reversal seems strong.

Target reached. Pullback to 9550.