Recent content by solentsurfer

Four words.... paint, dry, grass, grow!

Up then down?

If it goes down through 7800-7780 looks like free air to around 7450 - although I'm trying not to get wedded to the idea that it's going further down just yet. Out of yesterdays shorts and just watching.

:thumbsup: Excellent summary - I've always had admiration for journalists' ability to use so many words around a few salient points, probably stems from my panic in English lessons if asked to come up with 500 words on what I did during the holidays when all I could think of was 'played...

SB daily cash should pretty acurately represent the actual market, although there is often a bias in the SB co's favour around the spread ie better to sell when price is moving up and vise versa. As for Yahoo, that should represent actual market although their hi/lo historical figures are...

It all appears to be pointing to one thing :idea::thumbsdow

If you need intraday data, you are obviously daytrading. You won't get reliable live intraday data for free so will have to pay for it. All free intra day data is delayed.

:-0

There is some support around 7540 (remember the big reversal last Wednesday) If this doesn't hold, some support at 7400. otherwise clear air to 7200

I think the rise was based on several things, hope, greed and the belief that it had to go back up sometime - not much else! I agree with your feeling of the situation and the daily chart would support it. Not much supporting further rise other than more of the above.

My concern would be that similar support levels on the Dow and S&P are a fair way off yet.

A massive overhead of resistance at 8000 compared to little apparent support on the way down. All depends on your timeframes of course.

I've been watching this daily chart too. What's the significance of the dotted yellow lines?