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#11 SilentOne

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Posted 12 October 2007 - 09:48 AM

I continue to watch this market in some disbelief. Yesterday we had a solid outside reversal on the major indices and some bad inflation data this morning. There's hardly a reaction today. There is a solid bid under this market and it is powering the $SPX to breakout in a major way. I don't know what kind of correction will come in the next few days, I bet but it won't last long as it slides into a 10 week low. One could even speculate that the SPX will stay in that uptrend channel into December. I will be adding to core longs on this correction.

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

I think the behaviour of various markets confirms the very inflationary prospects ahead.

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

#12 mss

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Posted 12 October 2007 - 01:57 PM

:)
Hi john,
Adding a new chart to follow for awhile. Weekly with "mo-mo" ratios that I think are very usefull, at least to me.
Takes awhile to get the feel of early warnings, but think you will get it the first time. First chart will update daily thinking each day is a weekending. (rolling 5day wk.) The last chart is to give a long term view of the ratios. It will not update.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=0&dy=0&i=p13263721818&a=119311347&r=6852.png

Posted Image

Comments welcome.
590
mss

Edited by mss, 12 October 2007 - 01:58 PM.

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!!

#13 mss

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Posted 30 October 2007 - 09:15 AM

:) Suggest the two charts at the top of the thread be reviewed closely and the weekly just above. Getting just a little concerned about ST market action and starting to question the IT also. Any and all thoughts 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!!

#14 Rogerdodger

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Posted 30 October 2007 - 09:40 AM

I'm watching that dashed down trend line on your chart. And 1540 looks important.

Edited by Rogerdodger, 30 October 2007 - 09:41 AM.


#15 mss

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Posted 30 October 2007 - 11:14 AM

I'm watching that dashed down trend line on your chart.
And 1540 looks important.


:blink: which chart and what color dashed trend line??????? :wacko:

But 1540 IS VERY important, and so is 1478 ;)

Please get your chap stick handy. :P
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!!

#16 mss

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Posted 01 November 2007 - 10:19 AM

:)
Here is a new chart to watch which includes ratios and the new, IMO, TA pattern.
The great arrow will tell us a lot when it breaks .......... UP or DOWN.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p58262263344&a=121042485&r=5278.png

I have updated the chart below thru 10/31/07 to see what it looks like. Am still troubled by the decline of the BOP trend line with the massive rise in the SPX. From an "eyeball" view they are too far out of sync to be a normal thing. Then we have this great "arrow" pointing up at a 45* angle, something has to give. JMHO

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Comments welcome,
mss
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Edited by mss, 01 November 2007 - 10:20 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!!