InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,855.43
(
-0.76%
)
Post# of 51808
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Monday, 12/15/2008 10:16:28 PM

Monday, December 15, 2008 10:16:28 PM

Post# of 51808
2 Choppy Days

The First UP
The Second DOWN.

My guess is the next is UP since moves have at least 3 segments. This would lead to the 5th wave of an ending diagonal in the wave C of a corrective flat. The duration of this dip is about the same as the duration of the dip the first week of December. The stochastics pulled away from over bought areas a little bit. Historically the first time (like now) is a false sell signal. The second or third time is THE true sell signal.

Upside is limited as the 50 DMA and upper bollinger bands are creating a ceiling.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up