Comments on: Using Technical Analyis to Identify Market Direction, Pre-Market Commentary Nov 30 2007 http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/ Investing Online Made Easy Fri, 20 Nov 2009 09:55:02 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Weekend Reading - December 2, 2007 | My Adventures into The Street http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/comment-page-1/#comment-35344 Weekend Reading - December 2, 2007 | My Adventures into The Street Sun, 02 Dec 2007 14:02:19 +0000 http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/#comment-35344 [...] has recruited a number of investors to help with the commentary on his blog.  Here’s a TA on market direction, although the potential Fed rate cut may be violating quite a few TA rules out [...] [...] has recruited a number of investors to help with the commentary on his blog.  Here’s a TA on market direction, although the potential Fed rate cut may be violating quite a few TA rules out [...]

]]> By: Bryan http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/comment-page-1/#comment-35322 Bryan Sat, 01 Dec 2007 03:29:03 +0000 http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/#comment-35322 When you're talking about SHLD you say the stock "peaked in 2008." I think you mean 2007 unless you have a time machine you're not telling us about. :mrgreen: In regards to descending triangles, esp. on the $INDU chart, those last few days seemed so oversold that the market almost had to correct to revert to the mean. I'd suspect we trend between around 13,000 and 13,400 until the rate cut arrives, it's only about seven trading days away, then we'll see a pop back up. DELL got bitchslapped by the market today, and if tech spending is slowing down that's something to watch out for. Anyone figure out why RIMM dropped so big today? Almost 7%. Oh well, maybe I'll BUYBUYBUY some on Monday. When you’re talking about SHLD you say the stock “peaked in 2008.” I think you mean 2007 unless you have a time machine you’re not telling us about. :mrgreen:

In regards to descending triangles, esp. on the $INDU chart, those last few days seemed so oversold that the market almost had to correct to revert to the mean. I’d suspect we trend between around 13,000 and 13,400 until the rate cut arrives, it’s only about seven trading days away, then we’ll see a pop back up.

DELL got bitchslapped by the market today, and if tech spending is slowing down that’s something to watch out for. Anyone figure out why RIMM dropped so big today? Almost 7%. Oh well, maybe I’ll BUYBUYBUY some on Monday.

]]> By: My Trader's Journal http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/comment-page-1/#comment-35313 My Trader's Journal Fri, 30 Nov 2007 19:00:36 +0000 http://www.stocktradingtogo.com/2007/11/30/using-technical-analyis-to-identify-market-direction-pre-market-commentary-nov-30-2007/#comment-35313 Good analysis. I think you could use the late October high as a starting point for the downward trend and you'd be led to believe we just broke out of the downward trend. You're analysis is safer. I'm still leaning more bullish though. Good analysis. I think you could use the late October high as a starting point for the downward trend and you’d be led to believe we just broke out of the downward trend. You’re analysis is safer. I’m still leaning more bullish though.

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