Lower low ahead within next few days...

luckystar2006

This setup has been working reliable for many times.  What it does not indicate is whether it's a pull back or a short-term top.  How it works is that lower bb must cross below red line first and then blue line will cross below red line to indicate momentum strength.  So, I guess there should be a lower low ahead for tomorrow or Wednesday before market resumes its uptrend.

zjbjf

cutloss-runp

Thanks for the update. Still cannot figure out the BB parameter, and what are the lines stand for....
Any way, good input, it works pretty well last time... hope it works again this time....

georgeyn

qianshui

luckystar2006

So we did have a new low this morning....

luckystar2006

So far it looks like a bull trap.  I guess it's caused by too many dip buyers

luckystar2006

Looks like bears are in full control right now judging by # of advancing and declining

luckystar2006

Pull-back here and then more on the upside???  Look like bears are over for the next coming days if market closes above open mark.