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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (62762)2/7/2003 5:53:47 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Those lines present a down trending picture, but I look at these charts very differently, I see support just about where it is and a good chance for a rally early next week from these levels...

GZ



To: Trumptown who wrote (62762)2/8/2003 5:03:47 AM
From: robert b furman  Read Replies (1) | Respond to of 94695
 
Hi Sting Ray,

SAAVY's charts have been right on for years now.

Notice the Stochastics - where it says oversold.

That second anemic bounce usually must get to a flatline status - historically that is where the "buy the dip" is done at its best. That flat line will mark a capitulation zone.Vix over 50 and put /call ratio above 1 with a -DI crossover of +DI on the put/call ratio.Up to dwn volume 1-9.

That looks likea godd setup for next week wednesday - the wednesday of the week before expiration - historically a very volatile time period.

BWDIK

GZ's got it nailed - just a little early.You know what they say about the early bird.ggg

Bob