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The latest from the
OptionHunter session 11/2/2009 DIA - the macd formed a new low on the hourly, but the low is getting higher which is called a reversal. This pattern shouldn't make you feel ultra-confident, It requires more than what we're getting. We need to see the blue line already above the signal line with a V-shape in the price. IGT - hourly has the blue line above the signal line, it came back to the signal line and then bounced back up. It also has an upside divergence which can help turn the daily back up. the daily is still really weak. Weekly level is still remaining high, which could stabilize the daily. Monthly technicals are not validating the price higher, but they also don't say the price will collapse. VIX - starting to stabilize. SKF - the hourly doesn't show the surge up that we like to see for our purposes. CF - has a good
opportunity to move higher. The whole group is very
strong. |