Tagged "NATV:NYTV"
SHORT-TERM: THE BIAS IS ON THE UPSIDE
As mentioned in today’s Trading Signals, Nasdaq Total Volume to NYSE Total Volume Ratio argues for a top again but the intraday chart pattern looks bullish, could be an Ascending Triangle in the forming, so my guess is there’s at least one more push up tomorrow (might see some morning weakness first though because the rally before the close was too sharp, could be an overreaction). [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Three cents:
- From indicators or signals we’ve been discussing in the past few days, the top was in.
SHORT-TERM: MAY SEE PULLBACK TOMORROW
I see two very reliable top signals today, however, whether the top was in, we still need a price pattern to confirm. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
As mentioned in today’s Trading Signals, anytime a revisit of the previous high, there’s a chance of reversal. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Clearly from the chart below, the push up this round is not simply an overshot, it’s a renewed strength, so the 3 Push Up I’ve been blah blah recently was a total failure. [Read the Rest]
...SHORT-TERM: MORE ON THE UPSIDE BUT WON’T GO TOO FAR
No new conclusion, I still believe there’s some room on the upside but it’s very limited. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Two cents:
- The big picture, I still suspect that a top of some kind was in or very close.
SHORT-TERM: IN WAIT AND SEE MODE
No conclusion today, need see tomorrow. Although I don’t believe we’ll have QE3 but it’s really hard to say what the market responses will be. [Read the Rest]
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