I think you just may get your gravestone doji, (or something close)...
I've been taking a look at charts for COMP, NDX, SOX, BTK. Except for BTK, the daily charts have not budged out of oversold. BUT the 120, 60, 30, and 15 minute charts tell a different story. The 120s are all at about the 50% mark on my extra-smoothed full stochastic, the 60s are in overbought and starting to roll over, the 30s are overbought and rolling over, and the 15s are overbought, rolled over, and plunging back down toward the 80 line. (The COMP itself is less extreme, but we know that where the SOX and BTK go, so goes the NDX, and where the NDX goes, so goes the COMP.)
The only way the NAZ doesn't start the day in the red tomorrow is if the PPT (or da boyz) comes in tonight and gooses the futures. And if they do that, it could very well have the opposite of the intended effect, i.e., rather than sustaining the rally, it could just cause a short covering blow-off which will paint as a long shooting star.
COMP
120 stockcharts.com[e,a]eaclynay[pd26,2][iup28,14,6!le10,26,16!ll14][J7153055,Y]&listNum=4
60 stockcharts.com[e,a]eaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153097,Y]&listNum=4
30 stockcharts.com[e,a]faclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153098,Y]&listNum=4
15 stockcharts.com[e,a]gaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153136,Y]&listNum=4
NDX
120 stockcharts.com[e,a]eaclynay[pd26,2][iup28,14,6!le10,26,16!ll14][J7160134,Y]&listNum=9
60 stockcharts.com[e,a]eaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160135,Y]&listNum=9
30 stockcharts.com[e,a]faclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160136,Y]&listNum=9
15 stockcharts.com[e,a]gaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160137,Y]&listNum=9
SOX
120 stockcharts.com[e,a]eaclynay[pd26,2][iup28,14,6!le10,26,16!ll14][J7153852,Y]&listNum=8
60 stockcharts.com[e,a]eaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153855,Y]&listNum=8
30 stockcharts.com[e,a]faclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153883,Y]&listNum=8
15 stockcharts.com[e,a]gaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7153914,Y]&listNum=8
BTK
120 stockcharts.com[e,a]eaclynay[pd26,2][iup28,14,6!le10,26,16!ll14][J7160820,Y]&listNum=10
60 stockcharts.com[e,a]eaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160844,Y]&listNum=10
30 stockcharts.com[e,a]faclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160909,Y]&listNum=10
15 stockcharts.com[e,a]gaclynay[pd13,2][iup14,7,3!le5,13,8!ll7][J7160925,Y]&listNum=10 |
