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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (12874)10/13/2011 3:36:43 PM
From: Hawkmoon  Read Replies (3) | Respond to of 33421
 
Too hard to say for me at this point. Still very volatile.

Wound up taking profits, then a nap, and now I'm starting to see if there are any late market opportunities..

I still think FAS may be rolling over, along with the rest of the market. We're at top of range, not really positive news to drive the market higher (yet) and Europe continuing to lurk like a pending storm on the horizon (which I feel it is).

I'll feel better if we can get a rally and drive up that daily MACD, as well as "flip" that daily PSAR.

Hawk



To: robert b furman who wrote (12874)10/18/2011 10:30:33 PM
From: Hawkmoon  Read Replies (2) | Respond to of 33421
 
Robert,

FAS flipped it's Daily PSAR (acc=1) today on that late afternoon surge.

Not sure it's going to hold, but hopefully may suggest a change of trend forthcoming.

But the uptrend tick has started at around $10.50 so that's much lower than the current price level.. Could see some consolidation.

Hawk