Friday, June 4, 2010

Intraday double bottom??

Possible intraday double bottom right at support, near the 1065 5/26 lows. Broke thru but not by much.. lows 1064.12. Although.. no turn seems apparent in the TRIN, still aimed up and HUGE at 1496!!! Massive liquidation going on, I'm surprised the markets not much lower and blown thru all this support.
Posted by Geoff Panek at 12:41 PM

1 comment:

  1. Geoff PanekJune 4, 2010 at 12:46 PM

    well so much for the double bottom. The hint was no change in the directin of the TRIN. There was some support at the 1059-60 area and it seems to have bounced there. I am seeing the nasdaq trin rollover here.. a little. also the TRIn is starting to slow and roll once it got to 1500! ... now 1330

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