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Traders Thread & Thoughts - Monday 5th January (2004)
Crocodile - 03 Jan 2004 20:12
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Fundamentalist
- 05 Jan 2004 15:08
- 32 of 35
thanks melnibone, i agree entirely, its just nice to have clarification of a charting view (its even nicer if it actually agrees with my fundamental view!) Let me know if you ever get your hands on the time machine though - lol
Crocodile - 05 Jan 2004 17:03 - 33 of 35
Warning! Beware of Citywire EMails
They are downloading the Bluestreak Trojan virus cookie on the EMails they send out with financial info.
They are downloading the Bluestreak Trojan virus cookie on the EMails they send out with financial info.
zarif
- 05 Jan 2004 17:26
- 34 of 35
thanks croc - trojans -we doint need them
Melnibone - 05 Jan 2004 19:01 - 35 of 35
Well it's not much, but it's a start.
This is the first day since December 15 that we've had a lower high.
This is now looking similar to October when we had a similar
run for the first third of the month. Slow stochastic was stuck
between 80 and 100. We then got a lower high and in the next 6
trading sessions we dropped 200 points to the 60 Day EMA.
We are now in a similar position. If history repeats itself, we
could drop to the 60 Day EMA again over a week which would put
us at around 4380 by that time.
Just an observation, not a Time Machine prediction. ;-)
Melnibone.
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