EOD 02/18/09 MajorMoves Comments by Chi2
EXCERPT
Earlier today I called an ALERT for the NEXT two (2) Trading Days for Major Moves in Most General Indices due to heavy coiling all day. Also several thoughts leading to possible/probable Turn Up here into some form of Off_Low_Rally_To_Eleviate_Some_Pressure.
I do not expect an immediate Drop into 600 or 6000 by $SPX or DOW, but I do think we have a chance of moving into those Realms by October 2009 for the Bottom of this Period. Meanwhile I expect some Radical Ups and Dns, testing out the limits of our minds.
The Major Triangles we are Technically operating under give us these Bottoming areas, and they have been known now for a long time, so their odds of coming are increasing not diminishing with each of our US Governments' choices.
siliconinvestor.com
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SignalWatch(EdDowns) DOW_HOLDs
If 7,450 happens to hold, we could see a big rush of buying pressure off this level. Watch 7,700 for confirmed strength.
signalwatch.com
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Boxer:"IndicesCloseNearFlat in Potential_Bear-Flag_Consolidation_Patterns" 02/18
EXCERPT
"indices backed and filled again today similar to yesterday in a choppy fashion, with the NDX moving laterally and the SPX in a downward slope."
"Both of those patterns look like potential 2-day bear flags, and unless they can take out resistance, which is 1205 NDX and 800 SPX, the indices may be in trouble. Until those reversals take place, the indices certainly have more downside potential."
thetechtrader.com
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TA "A Market on the Brink" by PaulShread_02/18
Dow_or_S&P_could_predict_direction_here.
internetnews.com
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