CFZ E-Wiggle Workspace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Galirayo who wrote (9318)	11/14/2008 11:01:35 PM
From: Ron	Read Replies (1) of 41410

That's interesting, the 13 EMA certainly is acting as a magnet/resistance here. TA is open to so much interpretation. The chicken/egg cause-effect aspect: What I see on the recent daily SPX charts is traders buying these hard thrusts down- then another wave of bad economic/earnings news driving another round of selling until the spike down comes and then... It is possible a rough and sloppy bottom is forming here, but if the breakdown comes, there won't be much doubt. The volume of forced margin and desperation selling will put an exclamation point on it. I enjoy the different charting methods here. Lots of good ideas.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next