Here's an early morning update from my chart last week....which way do we go?Attachment 621
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Here's an early morning update from my chart last week....which way do we go?Attachment 621
Here's the current High/Low that has turned bullish with a 3.13 target. Of course that can change quickly. A close in the 2.80s would be good for the Bulls....
Attachment 622
Nice to see some friendly posts. Thanks den, sly and pp.
Done!Quote:
Originally Posted by Pom Poms
How will potential rising capital gains rates affect the market? Seriously, I haven't had my head in any investing news in weeks. Do they predict a sell off to end the year?
I think any individuals that were concerned about an increase in the capital gains tax have already sold. I am not sure about any sell-off in particular if you are referring to the "poll question"....I was just really, really tired the other night and thought it would be interesting. There was a lot of turmoil in the markets surrounding the 9/11 events and it just made me wonder what other "market moving" events are there to consider at this point in time?Quote:
Originally Posted by SiriusBuzz
Closing chart also turned Bullish with the double top breaks and 2.80 close. Comfirmation tomorrow with the Macro headwinds would be nice.....
Attachment 623
I wasn't referring to the poll, just referring to people worried about tax increases. I heard something about people trying to close on properties so they didn't take as big of a hit. Figured the same might apply to the stock market.Quote:
Originally Posted by Pom Poms
Thanks for the Combo CLR!
Seems like most of the BIG BOYS did the smart thing and sold right after the election. While I was complacent after the results they were locking in gains and are probably getting ready to re buy or have done so already. Either that or they are still on the sidelines laughing at me.......:mad:
Well Denc, your bullish P&F is duking it out with the bearish trendlines on my chartAttachment 624.....it sure is having a hard time closing above 2.80 lately. I will need to see a close above 2.80 on good volume before I am convinced of this mini-rally....Quote:
Originally Posted by denco1
Bass done stole the nick name smi gave me, the poll needs a maybe button:) I shall cast my vote. I posted something at the watering hole, sure is drying up fast. Sucks having to learn new UI's after grown so used to one, S happen's. Attachment 625