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trickshot
 

Registered: Feb 2007
Posts: 659

 

05-08-12 08:24 PM

Looks like a reversal on the daily to me, should be meaningful since we broke key support today (but is now well above it).

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FreakofNature
 

Registered: Jun 2011
Posts: 1059

 

05-08-12 08:29 PM

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.

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trickshot
 

Registered: Feb 2007
Posts: 659

 

05-08-12 08:34 PM


Quote from FreakofNature:

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.



LLs mean downtrend, but there will always be retracements.

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mastacoli71
 

Registered: Dec 2006
Posts: 2093

 

05-08-12 08:41 PM


Quote from FreakofNature:

These markets, take the last lows, then a massive daily hammer begins to develop.

I thought lower lows meant downtrend , got to think outside the box that's for sure.



remember, market makers push in direction of the most pain.

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ammo
 

Registered: Feb 2007
Posts: 18258

 

05-08-12 08:43 PM

more often than not, one noted tech,erlanger, says it's a must for validation, a head n sh will retest the neck before descending, short 60

2012-05-08-prophet.png hns spx.png
This has been downloaded 49 time(s).

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creekboy
 

Registered: Jun 2010
Posts: 367

 

05-08-12 08:55 PM

long 1361.50 target 62,50

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