[ninner]

i heard ERS on the chat replays from wed night....looks like it may be forming a double bottom am i reading it correctly.

[mesa613]

I don't know about that one ninner. That pattern might become a double bottom, but it really needs to break through the 50 dma pretty soon. On the positive side, that gap still has not been filled. I guess with today's doji, Tuesday's movement may be the key to finding out.

Think there's much upside potential for SBUX right now?

[ninner]

looks like to me the 50 day will act as resistance..i think there is greater likelihood there is more downside....Im concerned that the bottom will fall out of these markets ....sooner than later. I see 2 year treasury yields are going up which means the bond market is anticipating rate hikes rather than cuts....im not sure the stock market will react favorable to this. Anyone want to comment????

[Harry]

ninner, come on get real. It is one thing to read the charts but to try to predict the direction of the market. There are financial people out there making a seven figure annual salary trying to do the same thing without much success.

[ninner]

and who is to say we cant do it any better than they can....let the games begin!!!