| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 13 14 15 16 17 ... 30 >>Post Follow-up |
| karennma 8,057 posts msg #62052 - Ignore karennma |
5/2/2008 9:37:21 AM I haven't forgotten 2000-2003 either. |
| nikoschopen 2,824 posts msg #62055 - Ignore nikoschopen |
5/2/2008 10:27:28 AM Karen, do you remember when we were furiously debating about whether CROX was a fad or not? Well, it turned out to be one, but the real point is that the general markets for the most part also act like fads and fads don't go out of fashion overnight. |
| johnpaulca 12,036 posts msg #62056 - Ignore johnpaulca |
5/2/2008 10:59:38 AM I don't think it will stay under 20 for much longer.  |
| karennma 8,057 posts msg #62058 - Ignore karennma |
5/2/2008 11:35:41 AM it may go to 15. :>( |
| nikoschopen 2,824 posts msg #62059 - Ignore nikoschopen |
5/2/2008 11:38:27 AM It would make sense for the bulls to take profit today. However, I would have to concur with Tim Knight that we are presently in a danger zone where the market can tip either way. One clear indication that might work in favor of the bears is the lack of volume. |
| karennma 8,057 posts msg #62061 - Ignore karennma |
5/2/2008 11:48:14 AM lack of volume? the volume isn't low. yesterday's was 4,448,780,000. that's about average isn't it? |
| nikoschopen 2,824 posts msg #62063 - Ignore nikoschopen |
5/2/2008 11:55:31 AM Just an "average" volume doesn't cut it when it comes to breaking out above such an important technical pattern as the inverted head and shoulders we see before us. Another idiotic phenomenon that I've noticed alot these days is how the bulls are pushing the market up during lunch time on volume that's thinner than air. This would obviously be exploited further by big institutions when the afternoon session kicks in. |
| nikoschopen 2,824 posts msg #62064 - Ignore nikoschopen |
5/2/2008 11:58:18 AM BTW where did ya get the number for 4,448,780,000? |
| karennma 8,057 posts msg #62066 - Ignore karennma |
5/2/2008 12:13:37 PM yahoo finance. i clicked price history. ^DJI |
| nikoschopen 2,824 posts msg #62068 - Ignore nikoschopen |
5/2/2008 12:29:21 PM My source reveals that ^DJI had volume of 1,398,631,000 yesterday. |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 13 14 15 16 17 ... 30 >>Post Follow-up |