Cannot tell you how much money my little one has cost me but he probably saved me even more avoiding mistakes lol...
Possible DB forming on 60-min with bullish divergence. 4-hour also looks bullish. EDIT: Not yet sure enough about this to go long. I'd be more comfortable doing that in the 40s or 30s. EDIT: Someone was obviously listening!
There were three attempts to rally, and all failed. I gave up (three trades, all stopped at even), and it looks like just about everyone else did too!
If you look at some of the big cap nasdaq stocks that have lead this market down - AAPL, RIMM, YHOO, GOOG they all look like they are hitting good support zones, which makes me think we are going to get a good dead cat bounce. Thoughts?
Good eye. I never really look at the individual components but when they're aligning like this I think its something at least worth noting. FWIW NDX is 10 points from the 61.8% Fib. I'm gonna watch for the negativity to carry over into globex... if some support shows up it could be a good long. ... theres definitely some divergence going on on the 60-min and lower timeframes... specifically 5-15 min.
chart pattern predictive of 1375 test, then bounce to 1440, then retest of 1375 to break it...and head to 1250..