TLT is up 68 cents and the Euro is down 137 pips...
SPX
Resistance: 1,200, 1,209, 1,220
Support: 1,190, 1,182, 1,170Trading Down - PCLN, GOOG, ISRG, AAPL, AMZN, VIDU, MICC, WYNN, JOYG, CMG, FFIV, NFLX, WLT, FLS, CRM, FCX, LVS, GS, SWK, VMW, SWN, CLF, AGU, PNC, CREE, CLF, CSTR, URE, DECK, TSL, CF, JEC, SLB, UNP, POT, CAT, GMCR, ATI, RVBD, MOS, SOHU, FAS, CHL, VECO, BA, ARUN, WFMI, X, MA, DE, MCD, SNDK, MHS, TBT, ACN, GR, GES, V, DOW, ATW, INFA, LDK, NTAP, RIMM, CTXS, EBAY, ALTR, LIFE, SNDK, QCOM, CTSH, LOGI, LRCX, VMED, ADBE, TEVA, SBUX
Trading Up - TLT, FAZ, SKX, AKAM, BYI, URBN, GILD, CELG, HOLX
4 comments:
I still have the same question and comment from a few days ago:
"You posted:
The short term 3 day trend is up.
The two-month trend is up.
The twelve-month trend is up.
Why didn't you mention the short term as down for the last 2 weeks? A 3 day trend up can be just a bounce in the short term.
Any comments?
November 19, 2010 6:46 AM"
Reading your blog is now a regular step in my daily action list.
Thank you for doing this Dave.
Good afternoon DAVE! Thanks for your daily bread. It looks like some of the trading down companies have turned around. I see what appear to be some good set ups forming. Have a good afternoon, Judy
Anon,
Why do you ask 2 weeks? Why not 5, 8, 13, 21 days etc.? Of all the time frames you could choose for your question why two weeks?
I would be guessing, but is it because you look at the two week trend?
Any time frame (including two weeks) can be either a bounce or pull back in any larger time frame.
So two weeks has no advantage or disadvantage over three days other than it is a different time frame.
In my blog I simply write what I am looking at. One of the things I look at is the 3 day short term trend, so I mention it.
Did you look at the posts on Nov 12, 15, 16 and 17 when I identified the short term trend as down?
Feel free to identify yourself in the future.
Thanks for the question.
Cheers,
Dave
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