Feb. 12.09 :: Dow Off Nearly 250pts, Big Rally Saves Day
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I love HAMMER TIME!
FreeTradingVideos 3 years ago
Just to clarify:
The red descending trendline I was referring to is in my annotation.
February 20
918.85 (yellow horizontal trendline)
red descending trendline
seems to be the coordinates.
:)
Jegejig 3 years ago
This was a BS hammer. Against all odds= BS press release about the USG paying off houses.
mistapikkles 3 years ago
It looks like SPX may be going for a sideway movement (until it reaches the red descending trendline).
WHEN it hits the red descending trendline then we'll have to see if
it breaksout
or
fails to break out
of the red descending trendline.
These are resistance areas that I'm looking at:
918.85
877.86
851.35
Jegejig 3 years ago
Looking at a 4 month/daily chart of the SPX:
Bullish MACD divergence near zero.
Hammer that still closed below the 8ema and 50s sma.
Watching the +1.618 at 852.43
as possible resistance (from yesterday's high and low)
Jegejig 3 years ago
how come you are so bullish!!!
this is a bearish formation ,very soon we are going to break the support line in S&P500.
mehrbodd 3 years ago
you bet it was...opex coming up
maximumvalues 3 years ago
this is the fourth hammer that will fail to produce a rally in this bear market
maximumvalues 3 years ago
thanks for the great Videos.
we will get over 840 bcs this is OPTIONS EX manipulation. this money will be unwound in a hurry right after OPEX.
maximumvalues 3 years ago
Oh come on dude. Retails sales up. Retailers are going out of business right and left. Also why do you care so much about hammer candles? We got a hammer in the 2nd plunge in Oct and right in the middle of the Nov plunge. Neither hammer did squat to stop the decline.
soulharvest2012 3 years ago