Also.. oil is overbought and XLE got an upgrade, but could not rally
XOM, CVX are showing weekeness. if oil tanks.. oil stocks will tank and you know what that will do to the DOW and S&P
Also, Tech is catching up to the downside.. IBM (10% of the…
Hey permabear, there is a huge triangle forming on the ES(since 12pm on Thursday). We could stay in the triangle for few days..
Bulls will need to get above 695 and 700 tomorrow and stay above or they are toasted.
There are lota overhead resistence…
$compQ is not really oversold.. look at the weekly chart. CompQ can go lower.
Nasdaq has been strong... so it can definately crash 20% in 1 week and SPX drop maybe 13-15%
If the 1937 chart plays out..
Also, keep in mind, AAPL is a leader and it's b…
This chart is always on the back of my mind. This is highly unlikey to happen, but who knows.. Since this is the mother of all bears..
I can see this scenario playing out if
1) G.M. files bankcrupcy
2) G.E. says "We need a bail out"
You have to ke…
Blue, it's really good to have you here. IMHO, this board has some of the best traders.
BTW, can you belive H1 never got stopped out of his longs? lol poor guy...