Posts Tagged ‘exhaustion’
Posted by StockRake on October 6, 2008 in Leveraged ETFs, Leveraged Funds, Stock Comments, Technical Analysis
The Good, The Bad, and The Ugly
Lets start out with the Ugly. – Dow down 800 points at the lows of the day. – New lows vs New highs were extremely lopsided – VIX, VXN both made new highs. Now the Bad. – We didn’t see capitulatory volume. – Market rallied way off its lows. – I had to eat 8% …
Posted by StockRake on October 6, 2008 in Market Comments
Futures Are Down Big Again – GOOD!
As I’ve already posted that I’m long heavily. It is therapeutic to talk your book. Everyone does it because everyone is typically nervous about being wrong to some degree. During these times those feelings are heightened a smidge. A gap down open is what I need and what I want to see. It spells temporary …
Posted by StockRake on July 27, 2007 in Market Comments
Market Finishes Down Big Another 200 Pts for the DOW
I love it. Well technically I don’t because I’m stuck in some long trades, but the finish today was climactic for sure. Whenever you get the indexes closing at exact lows of the day this late in the trend is a sign of selling exhaustion in its simplest terms. Yes you can look at new …
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