donald: If I understand you correct, you feel the market will break to the upside on after WED/THU, when you said the the trendline will hold until WED/THU.
Well, penetrations of the Intraday Actual 60 min interval charts of the Bull Pennants are taking place on the NYA, SPX and DOW Ind. as I type. So, it seems I may be off a day! Unless they are just violations.
I have received short-term sell signals on many Indices. On rare occasion they will quickly reverse. In the past when they have had quick reversals, the next short-term sell signal usually portends a much stronger move to the downside.
This Market is determined to separate the chaff from the wheat. Hey, I don't know about you but the old "neck" is feeling extended. Of course you do this on a regular basis, you got a strong neck bud...<g>
You do such a good job with your INDEX UPDATES, I don't know why I bother to post. Trying to force myself to take a more thorough look I guess. I suspect TSO and BK have suffered through enough clutter from me, already!
Congratulations on your trade!
BWDIK
Regards,
LG |
