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Back to the Lows
December 1st, 2008 at 5:37pm · 2 Comments
This first bar of the day in each of the 60 minute, 135 minute and daily chart registered net-line sell signals today. The only support close by, the lower 60 minute channel at 840 gave way without a fight. The 135 minute channel is at 737 and the daily at 741. It looks like the eMini is going to revisit the lows below 750.
Tags: General Market Commentary · S&P 500
2 responses so far ↓
1 jaja // Dec 2, 2008 at 5:00 pm
Hi…I’ve only been looking at this site for the last couple of weeks but already have realised Christopher knows what he’s talking about…the thing is I don’t! The post he made today refers to ‘net-line sell signals’..could some one possibly explain this to me. Thanks
2 chris // Dec 2, 2008 at 5:40 pm
The indicator page here, http://carolan.org/indicators/ has some explanations.
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