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SPY/SPX Fib/MA at Pivot


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#1 Trend-Signals

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Posted 21 August 2005 - 06:15 AM

This week will be an interesting week. It could either:

1. Small move up.
2. Break the strong trendline supports, fall fast. :bear: x :redbull:

Bears are shouting that it will be a bloody week. :blush:

Should look for confirmations as it breaks out from the coil.


What do you thing? :D


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SPY is supported by the lower DT line and 50ma on the daily chart during the last three days forming a tight coil on 30m. The symmetrical triangle/pennant on 30m will guide us for the next move as it breaks out from its formation. Speculators are leaning toward to downside.


SPX has the same formation as NASDAQ supported by the lower DT line and 50ma on the daily chart during the last three days forming a tight coil on 30m. It retraced 23.60% of the Apr05 rally. The symmetrical triangle/pennant on 30m will guide us for the next move as it breaks out from its formation. Speculators are leaning toward to downside.

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http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=SPY,uu[w,a]dnhyioy[pc5!c8!c13!b20!b50!b100!b200!b322!][vc60][iud20!uo40!la12,26,9!lc20!].png


http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=spy,uu[w,a]gnhyioy[d10][pc5!c8!c13!b20!b50!b100!b200!b322!][vc60][iud20!uo40!la12,26,9!lc100!].png
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#2 samsung

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Posted 21 August 2005 - 12:32 PM

Hey Sharon,

I think you are right on track with the critical junture positions. Seems that most indexes are at this position. A break below these trendlines may indicate the 5% too 7% pullback that some Analysist are calling for. The DOW might possibly be holding up a little better than the rest at present ? Dropped in a chart of the DOW, SPX, and MID, the indexes I watch the most for a little comparison. The S&P Small-Caps and the Russell 2000 look about the same as the MID.. I think you are right in the fact that this will be a very interesting week. Have a great trading week.........

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#3 Trend-Signals

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Posted 21 August 2005 - 01:02 PM

Hi Samsung

How have you been? How's TN?

Will see how it plays out. While my bias is continuing the recent pull back,
I will be cautious since markets are major juncture. :bear: x :redbull:

How do you use your comparative indices charts?

Could you regularly post SMH, INTC, AMAT overlay charts if you can?

Do you trade those? I can do that, but you might already have those. :)
TIA


Another thing to watch for is $NASI:$VXN.

Good trades,

Sharon :D

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$nasi:$vxn,uu[w,A]dacaynay[dd][pc5!c8!c13!b20!][iub10!!uo20!la10,30,10!ll14!].png
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#4 mss

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Posted 21 August 2005 - 02:02 PM

:) Nice very helpful charts from both of you. B) :cat:
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#5 samsung

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Posted 21 August 2005 - 02:23 PM

Hey Sharon, TN is hot and humid :sweatingbullets: I don't keep any comparison charts of individual stocks since I am mostly an Index trader. I watch the comparisons too see which is out performing. As you can see by the chart, the DOW is "negative" since Jan. 04.. I could probably make up some individual comparisons if you like... Hey mss, Nice ratio charts,, I will have too come up and check them out closer.... All the best... :D Sam.

#6 Trend-Signals

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Posted 21 August 2005 - 05:41 PM

Sam, If you would like to, I would like to see SMH, INTC, AMAT together; if it is not too much trouble for you. :) Thanks As I said, I could do that, but it seems that you are into comparative analysis. :D I can keep up with Fib charts and share with all. Thanks => MSS I will check out your updated ratio charts. GL to you ALL
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