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SPX - VXO


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#31 SilentOne

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Posted 19 September 2007 - 04:37 AM

hi mss,

I think we can safely assume the bottom is in based on yesterday's events. The 4.5 year low was in August as projected by airedale. Hard to beat his Hurst work. I guess I should have stuck with my Sept. 10th long entries but then FED days are just something I can do without. :D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p61289556629&a=116507500&r=5546.png

The challenge now is how to get longer in the coming weeks. I may have to wait until late Oct. before getting too aggressive. Certainly that applies for precious metals as well as I cannot see a good entry point right now to add to a core position.

cheers,

john

Edited by SilentOne, 19 September 2007 - 04:38 AM.

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#32 mss

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Posted 19 September 2007 - 12:03 PM

:)
Changed some of the charts above, you moght take a look.
So now we wait. Chart below has all the congestion points thru 9/14. Will change and add thru 9/21 if needed.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=2&dy=0&i=p82812582738&a=96922046&r=5575.png

btw: The bottom may be in, but is not confirmed till VXO crosses above the RED line in VXO chart.
The fun is just starting.
mss

Edited by mss, 19 September 2007 - 12:05 PM.

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