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#1 mss

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Posted 23 September 2007 - 05:07 PM

:)
Well after reviewing many charts and indicators, it appears that the bottom is in. However, a "V" bottom is very rare and often is followed soon by another quick "V" or double "V" bottom, even at higher or lower lows. We are on the verge of a very large move and IMO to the upside. I also think we get at least one more scary down move. NONE of these opinions are just mine alone, I got lots of company. :D
Below are two charts that will signal quickly where we are . The VXO still has not broken the RED HZ. line to the upside but appears to be ready soon. Carl at DP says we broke out of the triangle and I agree. I also see two potential movements both in a larger triangle failure/breakout and in a channel retrace to lower TL and so forth. Great times ahead, be ready. B)

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=7&dy=0&i=p71826300982&a=116044349&r=7822.png

http://stockcharts.com/c-sc/sc?s=$ONE:$VXO&p=D&yr=0&mn=3&dy=0&i=p04265175043&a=117451476&r=2958.png

Comments always welcome.
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#2 SilentOne

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Posted 24 September 2007 - 05:47 AM

hi mss,

We are on the same page. If it weren't for the FED dramatics, I would be a lot longer in core positions. Remember this? <_<

Meanwhile I watch this chart of yours. It would not surprise me if this chart confirms a bottom next week.


http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p77850608334&a=113511538&r=1010.png

I read Carl Swenlin's comment this weekend as well. So as I mention in a recent post, the challenge will be where and when to pick long entries from here. I still see consolidation from here into October, but a test of the highs could be dramatic (ie. Major Bull Market Breakout time). It is the same dilemma in the PM sector.

cheers,

john
"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

#3 bobalou

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Posted 24 September 2007 - 07:12 AM

I like it that we see the same thing. w/ window dressing,the tell could come in on thursday. if you look at my chart on the rut the testing could be done.pull backs to work higher O K. but,I do not see a big move up at this time. .thx

#4 mss

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Posted 27 September 2007 - 10:03 AM

:) Don't laugh folks, but I'm starting to see 1543-52 very soon. Two steps, 1539, a breath, then1543ish to 1549ish. 231 mss

Edited by mss, 27 September 2007 - 10:04 AM.

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#5 Doug

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Posted 27 September 2007 - 10:13 AM

All very well but do you see 1560 before OCT expiration? regards.

#6 mss

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Posted 27 September 2007 - 03:39 PM

All very well but do you see 1560 before OCT expiration?

regards.

:) 1552.39 ;)
:cat:
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#7 Doug

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Posted 27 September 2007 - 04:14 PM

As a seller of calls and puts - I'll hold you to that number :lol: Regards,

#8 mss

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Posted 01 October 2007 - 06:55 PM

All very well but do you see 1560 before OCT expiration?

regards.

:) 1552.39 ;)
:cat:


Doug,
Is 1549.02 close enough, or are you good for tomorrow? :D 0.002% error, i'll do better next time. B)
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#9 SilentOne

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Posted 04 October 2007 - 03:19 PM

hi mss,

I'm not sure what this market wants to do with the unemployment number Friday, but I would have to guess there will be limited upside after that occasion. Do we get bear capitulation tomorrow?

So the SPX is +4% from FED day. Now just give me a decent opportunity to add some longs this month. :D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p77850608334&a=113511538&r=1010.png

I guess market sentiment has changed some from August (ie. YES!! the bottom is in)

cheers,

john
"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

#10 Jnavin

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Posted 04 October 2007 - 09:46 PM

Slight new high, then...selling, perhaps back to 1515. Just guessing.