5 replies to this topic

[mss]

Current outlook is still for a consolidation and bounce several times till the oversold condition is eased. Momentum is slowing and may become a bad problem leading to steep decline to as low as 1140/50 SPX. For the short term a narrow trading range. IMO we are not yet starting a Bear leg even tho divergence's are showing up in several LT charts






Comments are welcome.
mss

[samsung]

Hey mss, Nice chartwork,,, got too love those pin point turms on the 21BOP chart.. Not sure if I am inturpeting the weekly charts correctly or not, unless we get a sharp rebound this week, they seem too be indicating more decline ? Am I reading them correctly? Have a great week ahead.. Sam.

[bln]

Really nice charts you got there, especially like last two ones. Same thinking here, one thing that puzzles my mind is how bradley 8/30 will fit into the IT bearish scenario.

[Trend-Signals]

Hi MSS,

I like that colorful and pleasant looking charts.

Agree with your comment.

The bottom line is to look for confirmation i.e. if breaks the trendline for SPX/NASDAQ and 50ma

For DOW, break of 200ma x


BP charts are DT.

Sharon

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPSPX,uu[w,a]dncyyOy[de][pc3!c5!c8!c13!c20!c50!][iuo100!la20,100,50!ll14!].png


http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPCOMPQ,uu[w,a]dncyyOy[de][ppc3!c5!c8!c13!c20!c50![iuo100!la20,100,50!ll14!].png

[PorkLoin]

mss, congratulations on the good charts and the 1140/1150 SPX forecast -- that is real Fearless Forecaster stuff. I'm too chicken right now -- don't see any clear picture. Lots of possibilities but I want to see more chart action from the recent high before I really commit. Thus far we've only got three waves down blah blah blah.

bln, if we get a move higher to the Bradley date, that could do it, and all the while be going down further.

Best,

Doug

[bobalou]

hay,,you mad at me, were are the up dates ?