6 replies to this topic

[mss]

Most of my indicators went flat or declined after yesterday. This is a little unusual as they are related to different time frames, and change 2-3 at the time. My best "buy" & "sell" indicator went from "buy" to flat in one day, not normal. Attached is chart on DOW, but the SPX looks the same.
Once again I have a very bad feeling, (and i took my medication), the weakness is getting weaker IMHO.


Some helpful thoughts are really needed here. Thanks, mss

[Modest Trader]

The 2-week rally from the Aug. 13 low was either the start of the next bull phase, or the biggest sucker rally since August 2000. I'm in the camp seeing the latter scenario playing out. BTW, September 2000 was just horrible after that August rally. Batten down the hatches.

[bobalou]

fri should tell some of the story ,it;s after rep. conv.a good pump up, then let's see ..I'm thinking of a short. look at the bonds. MSS what are you thinking in the gold??time wise

[mss]

MSS what are you thinking in the gold??time wise

<{POST_SNAPBACK}>

Still looking for "piddling" around till mid Sept. Things have gotten a little fuzzy on gold outlook at the present.

[bobalou]

well I may just have to stand pat,and pick up some jrs.any of jrs you like.I was hopping to switch. I also like a move to end of sept. ....Still looking for "piddling" around till mid Sept. Things have gotten a little fuzzy on gold outlook at the present.

[Mr Dev]

I would say a flat warning on your indicator should be a Sell warning for this seasonal period. If it smell like a skunk it is a skunk

[bobalou]

MSS I put some channel lines on this chart ,If you send me a funny e-mail address I will send it back a little dif. view.I just can not post it.wish I could.