boool markets
Started by
da_cheif
, Feb 01 2007 10:02 AM
4 replies to this topic
#1
da_cheif
-
- Traders-Talk User
- 10,960 posts
Member
Posted 01 February 2007 - 10:02 AM
can be sooooooo boring........the march to the upper trendline of the dows expanding triangle in this slow and methodical way is going to go down in the history books as how the boys were able to get from wholesale to retail with as few aboard as possible.....for the entire ride.......that trendline is constructed by connecting and extending a line drawn up off the highs of may 1999 and jan 2000 in the dow......that same technique we used many years ago to project the value lines current blast.....im sure those with putter charting skills will be able to provide a picture of all this for the unwashed..........
SLAMMA JAMMA.......(snort).....(honk honk)
#2
colours
-
- Traders-Talk User
- 427 posts
Member
Posted 01 February 2007 - 10:49 AM
A chart of the DOW 1984- 2007 with support / resistance lines drawn
http://charts.dachar...OW monthly1.png
http://charts.dachar...OW monthly1.png
#3
traderpaul
-
- Traders-Talk User
- 6,034 posts
Member
Posted 01 February 2007 - 12:09 PM
Seems like the time to buy is after a sell off.....Not when she been up for a while.....Take year 2000 for example......You brought the top and sx years later, you have nothing to show for it.....It was a boooo market alright.....A chart of the DOW 1984- 2007 with support / resistance lines drawn
http://charts.dachar...OW monthly1.png
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#4
denleo
-
- Chartist
- 3,097 posts
Member
Posted 01 February 2007 - 12:29 PM
Hey Da_Chief, yesterday you said that a decline into www is the likely outcome. Do you still think so?
Thanks
Denleo
#5
da_cheif
-
- Traders-Talk User
- 10,960 posts
Member
Posted 01 February 2007 - 01:27 PM
hey leo in da lions den.....wadda u think??.....>
yess lets take 2000 for example......as you recall.....most stocks bottomed in 2000 after a 2 year correction as measure by the weekly ad line of the primary market.........big fake out....take a time out in a few narrowly based indexes and while thats goin on sneek the broad market up.......Of course most didnt see that cuz they wuznt lookin......
Seems like the time to buy is after a sell off.....Not when she been up for a while.....Take year 2000 for example......You brought the top and sx years later, you have nothing to show for it.....It was a boooo market alright.....A chart of the DOW 1984- 2007 with support / resistance lines drawn
http://charts.dachar...OW monthly1.png
yess lets take 2000 for example......as you recall.....most stocks bottomed in 2000 after a 2 year correction as measure by the weekly ad line of the primary market.........big fake out....take a time out in a few narrowly based indexes and while thats goin on sneek the broad market up.......Of course most didnt see that cuz they wuznt lookin......
