TA Update (intraday) by Dr. Bob, RG's DRBOB board...
ragingbull.altavista.com
>>>Nasdaq just turned to the red a few min ago, and TRIN rising sharply, now .84, and 30 min stochastic crossed over to upside and hourly is just ready to cross as well, bearish signs for the near term.
Looks like the technical bounce may be over and we can fill gap at 3582 as the next significant move, perhaps by Thursday.
Then we shall see if we get an immediate reversal, and if not, then we can test the 3227/3048 levels in the next week or two. <<<
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REPLY
... from lvlamb, a brilliant engineer and a T/A pro.
ragingbull.altavista.com
>>>DrBob immediate reversal?
My whole problem:
guessing for a zigzag before FOMC meeting.
A sharp drop tomorrow to close the gap could be followed, in the current mood, by a week or so recovery (after employments numbers).
Then drift back lower again by fear of the FOMC.<<< |
