Tuesday, October 21, 2008

10am prints 977/9202/1338 turnaround tuesday or trillion dollar tuesday

the opening range continues to lean towards the idea that squeezing higher is still more likely than crashing under recent support at 946 hourly

if this is a down day, the selling should intensify after 11am.

after all the longs are trapped by 13 S&P points . trading under 981 hourly would look more bearish too

further hourly lows are the way all the declines traded with a late day swoosh of 50 S&P points or so

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3026812

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3080705

EBS above $19 and my stops are raised to book profits on all positions can always start rebuilding long at 15-17 if that happens or at 20-22 if that happens

ASEI above $59 is a P&F buy

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3080705

No comments: