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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (10426)9/24/2010 12:13:18 PM
From: TraderMann  Respond to of 221958
 
I am only looking for an intraday pullback because it went fast up and is hovering. I probably will not go into next week with my puts even though I see a pullback on the horizon...



To: robert b furman who wrote (10426)9/26/2010 7:51:46 PM
From: GROUND ZERO™1 Recommendation  Read Replies (1) | Respond to of 221958
 
No more dips, this baby is going to explode higher much of this coming week, let's enjoy the ride...<g>

GZ



To: robert b furman who wrote (10426)9/27/2010 2:12:04 AM
From: Hawkmoon  Read Replies (1) | Respond to of 221958
 
Yeah.. those are strong candles.. Marubozus.

futurestechs.co.uk

Now we need to find confirmation, which should mean that any retracement should not violate a 50% retracement of the previous day's Marubozu. Often they will indicate a blow-off top forming, so I try and watch the following day's actions for counter-trend possibilities.

We're not seeing a lot of volume on this uptrend, so it's likely short-covering. But when the shorts are done, there won't be anything propping the market up anymore.

Hawk