This could be a 90/90 day (90% up issues, 90% up volume) which would reverse the 90/90 down day 2 weeks ago. China inflation wasn't that bad and it's up to the EU to not screw up the Greek thing next week.
Fck, did anybody at Retard Central catch that? A chinese beer not only talking but asking market related questions. I'm just not going to tell anybody what I'm experiencing and seeing at ET.
it is not good to keep those disturbing things to yourself. you might even end up having to go through therapy later on.
Going by teh reactions here, reasonably oversold. Going by particular measures, it's up there in the list of most oversold events in the past 20 years and going by me I think it's unlikely to go down much more although it might stay depressed longer (i.e. will continue to range while people go crazy with anxiety over the "perfect storm" and surrender their shit to cooler heads. Fact remains that the economy remains shit, there isn't much reason to be rallying except options expiration
============== Your guts were right[JUNE -12/+ area]; brief reversal Except for price /sell volume, ; SPY is still in a 3 year long term uptrend[$00.33/+; plus dividends So no; wouldnt call it oversold now, unless the bulls do a custers last stand @125.25 approximate area,SPY. If one likes a good uptrend, wouldnt call Citigroup, or SPY a good uptrend; gold is nicely uptrending by many measures. Not a prediction.
So, for the kind of trades you're looking at you should look mainly at about 30 days of dailies; for the big picture 6 months of weeklies; for entries at about a week of hourly. Isn't it? Your poll time frames are way over your head.