Today's closing-trend will be....

Discussion in 'Trading' started by William Rennick, Dec 19, 2005.

  1. Monday, Dec.19 1:15 pm EST

    Look for Strong Market Action with a "tradable" uptrend for this afternoon. Dow is up 16 as I write this. I'm waiting for this counter-trend to peak to use as an entry point. I'm looking to get in with dow in the negative.

    Rennick out.
  2. Looks like the rest of the market is following your lead.:p
    Say, the metals complex look like bargains to me.:D

    Risktaker 10-4!
  3. I don't know, Rennick. Look at the Nasdaq Comp daily chart. It looks like it's heading into a serious downtrend and the other indices are looking ill also. The Dow is about the only one that looks halfway healthy and that's probably because of its drug stocks.

    I wouldn't go long here. Of course, anything could happen over the next few days but I think we're headed lower.