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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (8346)8/26/2008 1:28:10 PM
From: jaker  Read Replies (2) | Respond to of 41419
 
I have no idea where we are going... Nothing says that the regression channel can not be pushed down... However, If the Q's want to bounce, it sure could...Just for today an inverse hammer is building... but it is still early and so could desolve and even then it needs confirmation...

h1.ripway.com

P.S. I am sure anyone here can dig up a Bearish chart... :-)

price dropping below regression channel now, If and a big *IF* price pops back into the channel a nice bounce possible... look to see what happened last time that happen... Granted a real Crap Shoot.



To: skinowski who wrote (8346)8/26/2008 5:15:32 PM
From: skinowski  Read Replies (2) | Respond to of 41419
 
We did get a new small intraday SPX low, but nothing changed. In the very short term - anything goes, maybe more of a bounce, maybe not. In the IT time frame, the line in the sand is SP 1293. If we rally from here and break that level, we'll have a higher low and a higher high on the hourly. Until that happens the trend is down. When the going gets tough, the tough think simple... :)


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