WOW HUUUGE white candle very bullish..ouch dow up 50 points in 6 minutes lol they're gonna run the markets huge into close
The big white candle method never fails maybe I should get into active trading but dont have the stomach for it
Oh f-k off....just kidding... congratulations, you perma-bull freak...the PPT saved you a black Monday....for now... but seriously, on your chart you have marked off some support points...now we all know what good traders are supposed to do when support is broken. what price level is that top support line drawn at?
The red lines simply show the average trading price for the trading range. They don't indicate support levels. The concept of support and reistance levels for indexes dosn't work. You can't apply those type of TA tools to indexes.
stock, For this evening, I had planned a 4 in a bed sex romp with Maria Bartiromo, Ben Bernanke, and that cute little red head from Bloomberg who reports from Washington. But I have canceled it, to hear your theory of how S & R cannot be used to trade indexes. please explain....
Stock_trad3r likes big bubbles. cos it's so HUUUGE, so round and out there. <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/7zER7SSti3A&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/7zER7SSti3A&autoplay=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
indexes are dirven mainly by fundamentals such as earnings, growth and profits. Subsequently, technicals such as double tops, double bottoms, moving averages, and so on generally don't apply to indexes such as the DOW or Spooz. With regard to stocks, however, some technicals can be useful such as the cup and handle, which I have found to be the most reliable. Support and resistance lines aren't very reliable.