Potential double bottom on the daily
Joined Jan 27, 2008
7,405 Blog Posts
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We rally off these, or close to these levels. Could be a good one.
Trying to find vehicles to play it.
SM BREAKING OUT
Ragin a better way is to see the graph of DIA and see how the two recent tops have greased the VWAP. If the VWAP breaks then we have something.
…Majin
Plus theres barely any volume to fuel it.
true, all I’m saying is proceed with caution.
Quick question, do you find the VWAP extremely helpful?
Yes for shortterm movements..and since Brian Shannon uses it like condoms on a friday night i say they are for the safety/risk management.
Die DE, CHL, CMG, AAPL.
new lows coming soon to a monitor near you.
Triple bottom anyone ?
Nah .. lets just fall of the ledge.
A third test of the lows and a bounce just now. Lets see is we “break the seal” so to speak.
i only see two bottoms???
Check out that AKS. That thing just will not get beat down like the rest of them.It looks like another 2:30 lift off into the close.Same goes for POT.