tag:blogger.com,1999:blog-6842036031859472688.post4918467729540950411..comments2024-03-20T23:01:34.838-07:00Comments on Art Of Trading: Looking For a ReversalUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6842036031859472688.post-41981461950868082602008-11-13T13:06:00.000-08:002008-11-13T13:06:00.000-08:00Around 12:50 I thought the breakdown was happening...Around 12:50 I thought the breakdown was happening. Then of course the bulls jumped out the gates. Great call Stewie. I ended up playing the Qs long for a decent gain. I wonder how soon they'll sell this bounce though - I still think we head much lower soon.SkyTraderhttps://www.blogger.com/profile/04106750474814659336noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-65725946984007865012008-11-12T22:06:00.000-08:002008-11-12T22:06:00.000-08:00i am expecting this particular test of support to ...i am expecting this particular test of support to be successful. I will be hunting for reversals very early. it's very rare that a market slices thru support easily. so i am expecting at least this test to be successful. plus negativity is rampant right now and all the ingredients are there for a reversal.Stewiehttps://www.blogger.com/profile/18426469322190080207noreply@blogger.comtag:blogger.com,1999:blog-6842036031859472688.post-69992034819449177552008-11-12T20:58:00.000-08:002008-11-12T20:58:00.000-08:00I see the lines you've drawn, but could you descri...I see the lines you've drawn, but could you describe why you see a bounce coming first, in some more detail?<BR/><BR/>To me this looks like an enormous selloff coming - bigger than any we've seen yet. The last histogram bar on the MACD tells me this selloff is picking up momentum, too.<BR/><BR/>As always I appreciate your ideas and analysis. Keep up the great blog.SkyTraderhttps://www.blogger.com/profile/04106750474814659336noreply@blogger.com