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


To: rayrohn who wrote (8537)9/10/2008 2:02:41 PM
From: jaker  Read Replies (1) | Respond to of 41424
 
close enough for me...

BREAKDOWN WATCH for possible breakdown below 42.11, no support in area just below



To: rayrohn who wrote (8537)9/10/2008 2:14:27 PM
From: Galirayo  Respond to of 41424
 
I'm not sure yet .. the NDX is stronger than the other indices.

But today / This Week .. it's on the Fence of Support on the 200WMA .. and that Line.

If you step back and look at it from a distance .. the recent Momo .. may break it. Taking out the Prior Congestion area would open up the Down side Slide.

That Weekly Slow Sto Crossover is a Powerful One.

stockcharts.com



To: rayrohn who wrote (8537)9/10/2008 2:25:41 PM
From: skinowski  Respond to of 41424
 
SPY near 125 1/2. Short some more, stop about 1 point. Getting up there would require SPY to make a solid overlap wit the Monday morning's decline - the putative wiggle wave 1 down. All on 15 min.

Another 10 SP points up would damage the short term bearish case.



To: rayrohn who wrote (8537)9/10/2008 2:29:58 PM
From: Galirayo  Respond to of 41424
 
Compare the Look of the Sto and MACD of the NDX today to the Look of the same on MER when it Broke.

MACD did a crossover and Breakdown at the Zero Line with Sto Confirming the break with Negative divergence off the Top with a Crossover at the 50 Line.

stockcharts.com

stockcharts.com