Comments on: Reading the Market is Not Predicting the Market http://ptv-investing.com/blog/2008/11/12/reading-the-market-is-not-predicting-the-market/ Stock Market Cycles, Gann Angles and Squares Mon, 15 Feb 2010 01:35:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: rayN http://ptv-investing.com/blog/2008/11/12/reading-the-market-is-not-predicting-the-market/#comment-2820 rayN Thu, 13 Nov 2008 03:54:13 +0000 http://ptv-investing.com/blog/?p=1716#comment-2820 A few thoughts. Tomorrow is reversal day or die day, I think Libby mentioned that earlier. I had read several weeks ago somewhere that 11/13 and 12/22 are dates to watch for market turns. I wish I remember where I read it and by whom. Anyone else here sees any significance of these dates? Things I am not liking in market now are that big stocks are closing into new lows. Correct me if wrong here: GOOG, BAC, GS, and maybe INTC and others tomorrow. This for me is big red warning flag to be very very careful. A seasoned trader should be able to see signs of reversal tomorrow but until they are seen and continue into close then stay away. GOOG has broken down from triangle earlier and today closed into new lows. DJIA broke down through bottom triangle side today. Many potential reverse Head & Shoulders were almost deleted today. Volume was not too high or lower a good sign? Not sure I buy into that since that also mean not many buying around especially when things close into their lows. Significant moves downward can start on low volume. Especially if we entered into the slow bleeding phase again. all above negative things could mean crap if market can manage to reverse with "authority" tomorrow, and then follow through. my 2 cents. A few thoughts. Tomorrow is reversal day or die day, I think Libby mentioned that earlier. I had read several weeks ago somewhere that 11/13 and 12/22 are dates to watch for market turns. I wish I remember where I read it and by whom. Anyone else here sees any significance of these dates?

Things I am not liking in market now are that big stocks are closing into new lows. Correct me if wrong here: GOOG, BAC, GS, and maybe INTC and others tomorrow. This for me is big
red warning flag to be very very careful. A seasoned trader should be able to see signs of reversal tomorrow but until they are seen and continue into close then stay away.

GOOG has broken down from triangle earlier and today closed into new lows. DJIA broke down through bottom triangle side today. Many potential reverse Head & Shoulders were almost deleted today.

Volume was not too high or lower a good sign? Not sure I buy into that since that also mean not many buying around especially when things close into their lows. Significant moves downward can start on low volume. Especially if we entered into the slow bleeding phase again.

all above negative things could mean crap if market can manage to reverse with “authority” tomorrow, and then follow through. my 2 cents.

]]>