Quote:
Originally Posted by pakiestra
There is complete stanstill in the credit markets, everybody is sitting on the hands.
Shall we stay and watch a death spiral ?
This maybe a final market spasm and then year, two, three of stagflation. Maybe is close to the bottom ?  |
Good question,my friend.
I'm targeting 169.70 .On the weekly,the 89 ema is < 144 and 89 is @ the 200 ( heading down). STO and MacD are down.
On the D, MacD is < H20 and signal lines- going down. But $ is < low BB ( (slight retrace?) On the D, the 5ema has been strong resistance since Sept. 30.
On the 4H, MacD is < signal/H20 lines. The 10 ema is possible resistance @174.70 or a down TL @175.40.
On the 15m,previous support @ 174.34 is a possible resistance.
I don't think that I'll buy up to these areas ( wait and see if $ breaks them real good to get me to buy).
A S.E.L around 175 appeals to me.