35 replies to this topic

[SemiBizz]

Pretty pathetic retracement... not even .25. If we get a new high from here... we could be on our way to that "Shock and Awe" Rally I am expecting....

[relax]

exactly really pathetic - seems like we have to go higher to trigger a proper retracement

have a question for you semibizz regarding the key levels

2.645 we know is a fib level - but why 2.660 (think you mentioned this)

is it because the candlestick from 2000 has this as its high

and second how far do you think this beast go? with 2.645 behind us, next fib level is around 3.000

I just have a problem with the latest gap in Nasdaq Composite followed by a close inside the Bollinger band

maybe we will continue along the upper band until we get a big black one down - a sort of bearish evening star

cheers - always enjoy your posts

Pretty pathetic retracement... not even .25. If we get a new high from here... we could be on our way to that "Shock and Awe" Rally I am expecting....

[ogm]

I don't think this is over just yet. I think its only starting. The 60 min summations have just rolled over 2 hours ago after 5 days of rallying. Internals are crappy to say the least. More so on NYSE. Equity put/call solidly at .5 all morning. People are loading up for the rally.

Edited by ogm, 05 July 2007 - 12:59 PM.

[SemiBizz]

http://www.traders-t...?...st&p=297298



http://bigcharts.mar...&mocktick=1.gif



2661.97 - the high volume high of 1/11/01....

Edited by SemiBizz, 05 July 2007 - 01:11 PM.

[relax]

wespect!

so is that your final target before we get a retracement? or you see other key levels after that

http://www.traders-t...?...st&p=297298



http://bigcharts.mar...&mocktick=1.gif



2661.97 - the high volume high of 1/11/01....

[arbman]

There are just too many shorts from the previous week that are still stubbornly holding, the indices are managing to go higher despite the crappy internals, it happens...

[SemiBizz]

Final Target? This is more about time now than price... we're a week away, who knows how far it goes... 2892 is the high volume monthly high... there's plenty of room to run here...

[relax]

a week away - just my thoughts!

how have you come to the conclusion that we have just one week to go - any specific indicator or "rule"?

do you have other methods for the time aspect of the market

Thanks

Final Target? This is more about time now than price... we're a week away, who knows how far it goes...



2892 is the high volume monthly high... there's plenty of room to run here...

[arbman]

This market is not supposed to go up there are less new highs, less advancers, less upside volume than the days' before, everything deteriorated since the first day of the rally, cyclically it is about time to turn down. I am pulling my hair out here, I don't understand this market...

[SemiBizz]

Cycles...