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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: humble1 who wrote (10175)3/2/2013 4:23:42 PM
From: h_  Read Replies (1) | Respond to of 41036
 
That's a hanging man, not a hammer, and is a bearish reversal candle.



To: humble1 who wrote (10175)3/3/2013 11:21:35 PM
From: The Ox  Respond to of 41036
 
...under 1470ish, then I'd be worried. Until then, enjoy the ride.


I think this still holds true. Break below 1470 would imply that 1460 goes down and that we have to look down to the gap in the 1420 range. I believe it's important to view all possibilities, so that's why I posted the next level down.

With the same breath, there's no reason to worry unless we find ourselves 50 S+P500 points below where we were on Friday. Whether we are in a basing pattern or ready to head higher is anyone's guess but I remain in the longer term bull camp until such time as we head below those levels!

JMO

Good trading!

TO