Legal Disclaimer

All opinions expressed on this site are those of the author and may contain errors (I make mistakes) or omissions (I am not telling the whole truth).

!Thank You!

Saturday, November 3, 2007

The Bonddad Blog: Two Charts of the SPYs That Should Cause Some Concern

Another point of view from The Bonddad Blog.

Visit the site to read more about it.



1 comments:

zstock7.com said...

F8, i think your SPY chart is spooky...


I don’t have any technicals but i think the banks are going down some more on Monday, which means SPY is probably going down. I think what’s key are the DOW futures tonight
DIA closed with a bull candle.
bull candles never engulf.
They either add to the last close, or they retest down to the bottom of the candlestick. So they are extreme 50/50....
if the DOW futures are up, then the next candle will be white, and vice versa, if the DOW futures are down, then the next candle will be red