Looking for that Weekly key Reversal...
Enviado: 17/6/2003 12:32Another strong day for the bulls...
Overbought is not the word, -insane might. The Dow and SPX power higher when the turn comes I can only imagine it will scare the bulls pretty bad.
This week will be quadruple witching!!! -who knows what that will mean but we could reverse prior trends here, -the most recent being up...
Time will tell what we need is a weekly key reversal to halt this advance... we haven't had it yet. Maybe this week? We are already starting strong... going higher with mkt up 200 points on monday... lets see how the week unfolds?
A key reversal is up then lower than the prior weeks close(or lower after a decline) ... we have gone up... let's see what happens by friday.
By: Damon Vickers
Overbought is not the word, -insane might. The Dow and SPX power higher when the turn comes I can only imagine it will scare the bulls pretty bad.
This week will be quadruple witching!!! -who knows what that will mean but we could reverse prior trends here, -the most recent being up...
Time will tell what we need is a weekly key reversal to halt this advance... we haven't had it yet. Maybe this week? We are already starting strong... going higher with mkt up 200 points on monday... lets see how the week unfolds?
A key reversal is up then lower than the prior weeks close(or lower after a decline) ... we have gone up... let's see what happens by friday.
By: Damon Vickers