Isn't that a bit of a tautology? If it doesn't go down it will go up. It's the same as saying if 1300 holds we'll see 82.
I see where you are coming from but he's just trying to be objective to price as he notices an inverse head and shoulders forming giving the opportunity for a right shoulder pullback to project it to the area he stated. Right now that's about the cleanest PA afterhours is displaying anything else would be pure guess. FoN
when only one starts to flatline,then it needs to continue, started to rise again after that pair of lines,became a normal up day,could have resumed flatline after 12 30 cst lunch but didnt
I'd be stunned. With the action at the end of trading today and the indicators tonight: http://money.cnn.com/data/afterhours/ I would think tomorrow will be a down day. Just my opinion, respectfully. Arnie
Possible. However, we haven't seen the lows of this run yet. You don't have tops or bottoms without tails in the daily candles.
Everybody has their own OS indicators, and based on price / momentum it may look oversold. But I use the ADD (advance / decline) and that has definitely not gotten oversold through all this selling. So I too look for a bit more of a climax before any sustained rallies. Here are the last ten closes: 1232 1324 1569 -1974 -197 -1306 -1802 371 -1498 788 No -2000, no big doubles.