Loading ...Stock Markets Short term chartology
Still think we’ll go lower creating big bull flags but if these break will sell my shorts.
Above is Dow on stockcharts. Below is Dow on netdania which shows the after hours trading. Makes a difference as it shows more of a bear flag.
Thanks Chuck – I entered my short at Friday’s close – looking for reversal over the next couple of days, but always the possibility of running it all the way back to new highs (in a B Wave) before another drop back down to the bottom of the range. My suspicion is it will rollover by Wednesday, FWIW
Thanks guys I have a small short on too…because I am bored
Absolutely. Rambus has pointed that out. Teasing these lines but not breaking. Worst would be the dreaded gap for our shorts.
I’m short the market in my 401k so would have to trade at the end of day 🙁
Looks like a massive IH&S building out to me.
If that gap gets filled, I’d take it as an opportunity to cut my losses if I were you.
Incidentally, I do think markets are going to drop shortly, possible quite badly, but only after they’ve formed something of a double top.
Yea. This short is no good.
Phew. Held on waiting to see what today did since the Nasdaq had already about double topped and the Dow utilities had started rolling over which I was looking for.