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S&P 500
5,751.13
(
0.97%
)
US TECH 100
19,560.44
(
1.43%
)
Dow Jones
42,080.37
(
0.30%
)
Brent Oil
77.35
(
-4.44%
)
Bitcoin
62,060.88
(
-0.26%
)
Post# of 51852
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techcharter

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techcharter

Re: BlissBull post# 28018

Tuesday, 08/21/2007 7:44:07 PM

Tuesday, August 21, 2007 7:44:07 PM

Post# of 51852
GE Bull Trap?

I'm not familiar with that formation. I've noticed declining volume as the price has gone up, a divergence. The 20 day moving avg closed below the 50 day moving average, near term bearish. The price bounced off this intersection, also bearish. The MACD trajectory is starting to round over, not a good sign

What might happen is an island reversal. Friday was a gap up day. Wave 3 of 3 should have started this afternoon. Gapping lower would confirm a wave 3-3 and reversal.
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