karennma
8,057 posts
msg #113902
- Ignore karennma |
6/4/2013 11:43:18 AM
The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.
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That last sentence reminds me of a crystal ball reader.
It's a BS indicator.
DNDN is on that list.
There's NO "high pole" in site on a DNDN chart.
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johnpaulca
12,036 posts
msg #113913
- Ignore johnpaulca |
6/5/2013 12:47:51 PM
SCTY($37.98)...looks tempting here
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johnpaulca
12,036 posts
msg #113914
- Ignore johnpaulca |
6/5/2013 1:20:53 PM
SCTY...bailed at $38.67
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johnpaulca
12,036 posts
msg #113915
- Ignore johnpaulca |
6/5/2013 3:25:03 PM
Bull markets are born in pessimism, grow on skepticism, mature on optimism, and die of euphoria." -- Sir John Templeton
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compound_gains
225 posts
msg #113917
- Ignore compound_gains |
6/5/2013 8:19:02 PM
Hmmm...I'm thinking we're past optimism?
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Eman93
4,750 posts
msg #113922
- Ignore Eman93 |
6/6/2013 8:55:23 AM
long IWM 96.52
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Eman93
4,750 posts
msg #113923
- Ignore Eman93 |
6/6/2013 9:04:35 AM
out flat
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johnpaulca
12,036 posts
msg #113924
- Ignore johnpaulca |
6/6/2013 9:10:07 AM
IWM...my buy signal is way lower about $94ish
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Eman93
4,750 posts
msg #113927
- Ignore Eman93 |
6/6/2013 9:36:42 AM
I had a support level at there and usd/jpy was crossing the 50 but then was rejected..
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Eman93
4,750 posts
msg #113928
- Ignore Eman93 |
6/6/2013 9:54:02 AM
I am in agreement IWM 95 is support.
other things to consider for a bounce today VIX is pulling back 60min
USD will prob bounce and XJY at resistance the 50 day..
GLT......
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