InvestorsHub Logo
Post# of 2740
Next 10
Followers 6
Posts 1745
Boards Moderated 0
Alias Born 01/30/2007

Re: teahmahn post# 2617

Sunday, 03/22/2009 5:58:11 PM

Sunday, March 22, 2009 5:58:11 PM

Post# of 2740
ey Teah...good to see ya...

the 'new world order' is certainly one that can lend itself to many explanations...i agree on overbought bounces, but i'd like to think that at least one of the significant bottoms has been put in, IF in fact we are looking for a double, which would require that the next one punch below 6400. it would appear to me that the INDu had significant volume, much like that of capitulation, to mark the recent bottom, which was certainly histo diverged...although, i expect a decline, as it is doing, to circa 6900 followed by consolidation (maybe an asc-tri or pennant formation) before testing 8000...but who knows where the next flaming camel will come from...i'll be looking at crop stocks eg: fertilizers, seeds and such and i think china will have some decent trades ahead...but i agree jack be nimble, jack be quick...

here's a picture to support my current opinion which i reserve the right to change at anytime...lol...




Join InvestorsHub

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.