DECK blasted off +7% -- finally
DECK has a lot of call buying at the offer -- big name is buying.
advn-decn -900 ....
long tail candle here though 5 min.
need more of a base -- too much damage, signals too weak for a sharp bounce entry.
long tail negated - new lows.
-1031 advn-decn. fear...
stall but -1075 advn-decn suggests - break to downside.
difficult to look for fib bounce with heavy sell signals.
-1200 advn-decn -- keeps you out of longs....
advn-decn -1300 no buyers. no base to work with.
-1400 advn-decn -- heavy TICK. doesn't take a genius to see which way the winds blowing today.
see a lot of bottom fishing longs... but these early longs are exactly why the pullback keeps pulling... the last sellers are the most bullish... see?
/es drops 1400.
Dow under 13,000.
-1649 advn-decn /tf 825 harsh. -1.2%
broke 5 min TL -- advn-decn - slight improvement -- could be a 50% intraday bounce -- which would be around 50 ticks today.
if we bounce (after 4 days down) -- will require a multi-hour base at least still early, but bottom may be in.
sold /tf for 15 ticks paper. -- first fib level.
/tf - bounce was to 38% fib level (2nd fib) to the tick - and fast pullback - perfect if you use fibs.
bounce end of day -- back to breakeven -- was out... triple bottom before the ramp on 5 min chart -- clear as day. Top was the 78.6% fib -- to the tick. Talk about fib levels!
advn-decn - almost at ZERO from -1600 lows... !!!
Triple Bottoms are still major strong signals and are worth entering.
/tf slight pb AH to 61.8 fiblevel. 833
|/tf: fiscal cliff rumor create dive and rainbow rally|