Key Reversal

ES is shaping up as a Key Reversal day. The swing traders looking for a short signal are probably drooling.....

http://www.twistedtunes.com/player/playMain.asp?ID=334&Speed=2

 

good song.

 

Banks crashing and Chip Stocls looking EXHAUSTED.

Not a good sign for the market.
Everything going out on the lows.

Looks like a close below the 10-Day in the S&P Futures as well.

:eek:

 

Look at the DOW daily chart.

5/29/03 was a true reversal day too but DOW went up 650 pts. before any retracement.

7/25/03 was another TRD but DOW went down about 300 points.

I don't know what to make out of this market. For a TRD to be more valid I think it has to be confirmed by volume. The volume was very light.

I think we might go down to about 9126 and then to 9900.


Too bad it's Friday today, we'll have to wait 2 freaking days to find out whether or not today's TRD is valid.

 

Cool tune

 

is that your tune no_pm? if i remember correctly, you're a musician. cool song regardless.

 

We might be headed to 9900. Late day reversal seems strong.

 

possibly just eom window dressing

 

Target reached. Pullback to 9550.