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Strategies & Market Trends : Strictly: Drilling II

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To: longdong_63 who wrote (18371)9/5/2002 11:38:53 AM
From: Roebear  Read Replies (1) of 36161
 
ld,
Alert, bottom reversal pattern on DOW SPX showing on hourly, also positive divergences last 2-3 days on 60 & 15 min charts.
Counter trend rally in progress.

You are right, long term charts are "Scaaaaarrryyy!!"

Paul Shreads HUGE H&S charts indicating quite a run off the cliff possible, and the index charts are all HUGE H&S charts here. Which makes sense as the 90's bubble compares with the very largest historical bubbles I've seen.

Just bring up a multi decade YEARLY Dow or SPX chart to get some real religion!!!!!!!!

I think I'm going to stick to the short term voodoo I do so well, ggg.

[EDIT, that's one fast rally!, SPX gap at 890 initial target.]
[EIDTIEDIT, on 5 minute]
Best Regards,

Roebear
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