but have watched 17K in profit drop to 10K >>>
nuk dude you must have missed this post, which called the top in the xau and the utilities:
Message 15061733
and was coincident with the blowout low in the nas a/d line.
the xau and the utilities may have both made bottoms yesterday and are set for a rally, which could be coincident with that doji on nas being a distribution candle 2.5 billion shares.
stockcharts.com
now i question whether we have a similar ABC bear market rally in the naz a/d line, like we had off the october bottom, or this is the bottom, i don't like it that my moon dude is jumpin up and down bullish, that makes me nervous, along with the fact that many star players stalled at falling windows from the december decline and most of the windows were on big volume, to name a few, msft, glw, emc.
also inverted H&S patterns are famous for failing in bear markets, like they regular ones do in bull markets.
the sentiment which was screaming bearish just before christmas, has now turned around completely, but the question is, is the bottom in or is this just a bullish reaction on the slope of hope, the ndx doji off the downtrendline (arithmetic - sorry lg, didn't make the log trend)
while the market has been pretty easy to call with the wide swings over the last several weeks, it's getting a little cloudy here, i'll have to call madame zelda -g- |
