donald: I also feel that the short-term top is now set, and most are thinking that it was Fridays highs, actually it was last TUE's highs at 9375.
I did not even think about that. The call you made (and un-modestly will add my own call) may have turned out to be right on. Whew, that makes me feel a little better...<g>
Of course, you were right on the day and the range. I was expecting the same days, but my range was 9150/9250, with the possibility of some penetration.
Of course at the time, I thought I had missed...<g> But forward looking my stuff does not have the same reliability as your guitar. In a few months, I will begin to convert my technicals to intraday. Maybe then I will do much better.
However, I do expect short-term sell signals with today's closing numbers on several Indices.
And let us not forget, the supporting rising trend lines have been broken on many Indices, as well. (Actual Intraday 60 Minute Interval Charts)
Regards,
LG |
