5 replies to this topic

[mss]

Daily and weekly SPX charts are at the top of this board. Based on the following charts we do have a bottom of some sort. Is it a large double bottom or two "V" bottoms close together, I don't really know, yet. I will stick my neck out and say whatever we got , at the present, it is very weak and has a good chance of turning quick. IMO we are range bound from 1409 to 1541, with the most likely spread 1473- 1523. Price and strength are not moving at the same pace as suggested by many indicators.
Most charts have notes on them or "view" is self sufficient.













On the last chart it is not a spike, but it is more "wiggle", ....so????

Comments are always welcome, sharing opinions is how we learn.
mss

[iloli way]

mss, thanks for the update, as promised . It does look like a wiggle than a spike. How money flow being represented here? Up move meaning more money flow in? Also notice the move before a huge spike is always down first. Shed any light?

[iloli way]

mss, Sorry, after double check, I just looked at a wrong chart. It should be 5th, as you told me, not the last, 6th, that I just replied to. Anyhow, that down move before a spike in the last chart means anything? Thanks again. goflow

[mss]

mss,
Anyhow, that down move before a spike in the last chart means anything?
Thanks again.

Here is a longer term chart. I think it suggests caulation "flush out" and then a "refill", just a guess.
Just know when I get the hint of one I change positions.



Best to you,
mss

[mss]

A little update on the 8eSCH chart. Just shows that after 4 days the up trend is still weak and has not reached the "0" line, and tomorrow wont do it unless it's a barn-burner. [attachment=6250:attachment]

[mss]

Nothing has changed enough on my personal charts to repost this weeks. All indicators look much the same, indicating a very weak market is stil in play. Below is a weekly chart with Sup. & Res. lines that are still strong. [attachment=6259:attachment] 347

Edited by mss, 17 December 2007 - 09:07 AM.