sorry folks but Monday is DOWN

Quote from poohbear:

Logikos, so what's your opinion on midterm trend? Do you think the market has bottomed? Or another leg down to 11600 for Dow?
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Classical TA shows a measured move for the DOW another leg down. I don't have my charts up as I write this, but if you project the next leg down equal to the last leg, it will bring it almost exactly to a major resistance point last year. Same for Nasdaq. It almost seems to perfect of a setup, but I have to go with that analysis until I see otherwise.
 
Quote from logikos:

Classical TA shows a measured move for the DOW another leg down. I don't have my charts up as I write this, but if you project the next leg down equal to the last leg, it will bring it almost exactly to a major resistance point last year. Same for Nasdaq. It almost seems to perfect of a setup, but I have to go with that analysis until I see otherwise.
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If the mini-crash ends here, it will be too shallow, too short, small probability.
 
Quote from poohbear:

If the mini-crash ends here, it will be too shallow, too short, small probability.
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Um thats why its a mni-crash.

It was just a SINGLE day of profit taking. ONe big sellign day and then all upside afterwards.

Thats what I said Feb 28th and that seems to be the case now.
 
Quote from stock_trad3r:

Um thats why its a mni-crash.

It was just a SINGLE day of profit taking. ONe big sellign day and then all upside afterwards.

Thats what I said Feb 28th and that seems to be the case now.
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dear stock_trad3r if you actually trade real money you are a goner

let me guess, you are one of those longer term swingers

it will take 10 years for guys like you to learn that you can't trade

I know nothing about you so if I am wrong sorry :(
 
Quote from logikos:/poohbear

Classical TA shows a measured move for the DOW another leg down. I don't have my charts up as I write this, but if you project the next leg down equal to the last leg, it will bring it almost exactly to a major resistance point last year. Same for Nasdaq. It almost seems to perfect of a setup, but I have to go with that analysis until I see otherwise.
More...
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DIA on 20 day chart =down
SPY on 20 day chart =down
QQQQ on 20 day chart -=down

QQQQ on 7year chart =down & still down from midpoint
QQQQ direction of 50 day moving average=down[past20 days],
like polar bear.

QQQQ sell volume better than buy volume, last 20 or30 days

Looks like 1st quarter selling has already started ,on QQQQ;
not a prediction.

Weekly charts are up[dia,spy,qqqq] however, as are 200dma;
looks polar bearish this week-not a prediction.

Plans of the diligent tend only to advantage-
Solomon,trader king:cool:
 
Quote from optioncoach:

Not much news today except housing, I think the bigger news comes later in the week so today may be a little boring..
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Bernanke is speaking this week as well, so expect the markets to go up!!!! :eek: :eek: :eek: :eek: :eek:
 
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