Friday, February 25, 2011

Converting Log To Gas Fireplace With Gas Starter

Nasdaq & SP500 & SP500 28-2-11 25-2-11

Today the market has behaved quite as expected, the Nasdaq has come to 2350 compared to 2358 and indicated the sp has fallen to the full 1320 (in response to the fact that Paul has "jumped" from 1300 is not relevant or rather, in the sense that the gap is created not leave quietly count the movement made.


However, for the main bearish count, we have:
- that the previous gap was not closed;
- that the volumes are a bit 'under the media (unfortunately not sufficiently low to provide conclusive information) ;
- that the day was largely characterized by discharge, which goes to offset the purchases of the last day
- many indicators that mark bearish divergence.
against:
I did not like the closure around the top despite the differences in place, mostly because they could make yet another joke during the night, but that goes for both sides, but I find it strange that we have voluto rimanere esposti alle possibili evoluzioni degli eventi nel week end.

Ovviamente la principale alternativa al nostro conteggio è la seguente, rialzista, anche se, ancora una volta penserei, nel caso, ad un ultimo allungo.

Oggi ho osservato a lungo il book dello sp500 e ho notato che orsi e tori nella zona 1318/20 se le sono date alla grande, ma nessuno ha avuto la meglio, come al solito il futuro non è predeterminato quindi possiamo solo aspettare e tutelarci con gli stop.
La posizioni short dovrebbero essere state chiuse in tempo avendo annunciato la "fine della prima onda" direi che si possono riaprire sui valori correnti con stop in caso di chiusura gap a 2384 (n.b. lo stop sulla gap closing is my ball, technically should be placed over 2403)

I make a small addition, around the opinions are evenly split between those who show a remarkable similarity between the movement of these days and that of January 20 to 21 and / or 28 (although I noticed that earlier volumes were slightly higher) and those who assume a wave 3 down (which I would expect, but do not for certain, of course), a third way could be a new 2420/1350 type more than a few points so that even if the stop closely observe the market ready to fall short or even from a C to get at this point as both contrarian expectations would consider the most likely. Ps
personally Instead I saw a similarity with the 26-29/4/2010, but they are all leaving comments make any difference.

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