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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
57,145.07
(
-1.98%
)
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techcharter

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techcharter

Re: BlissBull post# 43605

Monday, 05/17/2010 5:14:12 PM

Monday, May 17, 2010 5:14:12 PM

Post# of 51808
Bliss, Minor Rally Time

The charts in todays US markets did make a nice rebound off the lows; however, the rally was very choppy. In some markets the price decline from Thursday's highs looks like a zigzag, in others a 5 segment motive wave. All markets show a widening, steep lower bollinger band, indicating further price decline is probable. Stochastics are oversold. So there are conflicting signs. Need more time to see a high probability set-up.
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