so what does the crystal ball say?

[#1]

12815 on the Dow is a significant number....methinks we will rally till there and turn around which means we could give up 500pts or so on the top 40 later.... we are already setting up for a squeeze to the short side...but hey anything can happen...

[asylum]

Hi chartist i understand the squeeze using BB band but how do you know which way its gonna go, ok today is a dead give away with 4.5% up but in normal circumstances where the market has not moved up to much. ta

[#3]

never a dead give away...just cause we are up 1000 pts doent mean we cant go higher...this is not physics....use the momentum oscilator....midline is the decider...direction not important....

[platsak]

Chartist- Which one is the momentum oscilator

[schizo]

momentum oscillator very difficult to read especially around the mid point

[org]

The dow is moving down in 5-wave structure, looks very similar to 2001 -2003 market,with sharp rallies inbetween.looks if we are busy with x- corective before downtrend resumes.see www.gold-eagle.com tech analysis.there are daily articles explaining it well.Yes this rally can run for a while.

[org]

The dow is moving down in 5-wave structure, looks very similar to 2001 -2003 market,with sharp rallies inbetween.looks if we are busy with x- corective before downtrend resumes.see www.gold-eagle.com tech analysis.there are daily articles explaining it well.Yes this rally can run for a while.

[#8]

we got to within 35 pts of this ...should see the dow sell off now...

[org]

look at the daily closing prices, there u can easy see small 5-wave recent upleg on dow, almost complete.what about some gap trading, any suggestions on open gaps?Tere is open gap on dow at bout 11000

[#10]

i would say 140 pts or so...down on the dow....