5 replies to this topic

[mss]

Depending on your time frame for trading, a bottom of sorts is very close at hand. The overall trend is still down as many others have stated, but a good bounce is very close, JMHO. mss





Comments welcome

[PorkLoin]

Hey Mss, I'm looking for a low, too, one more new low from April and we've got a completed wave structure, at least short-term. Yet now there seem to be quite a few people thinking like us, and it makes me suspicious.... Doug

[eminimee]

Thanks mss, great info. I'm still working with ema crosses on the daily and weekly spx:vxo's. trying to work out buy and sell signals. Work in progress. Porkloin, I'm thinking the same way, that's why I'm thinking we still have an up-down left to go to do some more shaking. The last down move has to be scary and I'm thinking 1060 spx. Bear flag on the spx, one trip up to top of the flag and then down out the bottom? two charts

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$spx:$vxo,uu[e,a]dallyiay[d20030801,20041222][pc13!c26!f][vc60][iut][j28799683,y]&r=2815.gif

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$spx,uu[w,a]daclyiay[d20031101,20041201][pb200!b10!b20!f][vc60][iut!ub14!la5,34,5!ld20!lm12!lp14,3,3!ls12,26,9!lh21,7][j20043389,y]&r=1651.gif

[samsung]

I am thinking along the same lines for another drop too complete 5 waves down,, but I think we will get a short rally first ??? A little long at present with tight stops just in case it is an ABC instead of 5 down........

[bobalou]

for window dressing low should be tuesday, then up we could GO. THAT'S MY BS

[mss]

I'm still working with ema crosses on the daily and weekly spx:vxo's. trying to work out buy and sell signals. Work in progress.

Don't know your time frame for trading. Suggest you try 5 or 8ema with test bands at 34 & 89ema, this has low whipsaw. Always use two indicators
Good luck mss

P.S. Think we get a low, (1082-85) but not a new low, for this cycle.