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#1 nicolasillo

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Posted 10 July 2008 - 03:02 AM

Notice how the spikes of the black/red line capture the end of declines.


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#2 TMN

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Posted 10 July 2008 - 03:11 AM

very useful chart. i say: let it spike then!

#3 nicolasillo

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Posted 10 July 2008 - 03:13 AM

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#4 eminimee

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Posted 10 July 2008 - 06:13 AM

It will be interesting to see if this Dow and ROH deal puts any bid under the market......I still want to see a new low but the deal could sweeten the mood of the market. ROH closed at around 44...DOW buying them for 78

#5 linrom1

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Posted 10 July 2008 - 06:35 AM

It will be interesting to see if this Dow and ROH deal puts any bid under the market......I still want to see a new low but the deal could sweeten the mood of the market.
ROH closed at around 44...DOW buying them for 78



Some premium..........kind of throws into question current market valuation. :lol:
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#6 eminimee

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Posted 10 July 2008 - 07:00 AM

Now it's a question if we need a new low...or 3 was actually 5....With the Dow / Roh news...and the parallels fitting a bit better....the low might be in already....Tough call.....would like to see another low because of wanting divergence in this sense...sorry for link...just easier.

http://investorshub....age_id=30589102


http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=21&i=p72761122698&a=79672211&r=228.png



http://investorshub....age_id=30589011

Edited by Teaparty, 10 July 2008 - 07:02 AM.


#7 thespookyone

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Posted 10 July 2008 - 08:18 AM

Nice charts Tea. I still favor that being a 3, but the beauty of it is how quick we'll know. My take is we blow 1240 and change to the downside-and 3 it was.

#8 thespookyone

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Posted 10 July 2008 - 09:00 AM

My perfect storm is to finish the possible 4 in a flat, get everyone in calls for options ex (myself in puts,though,lol) and run the 5 down into about next Thursday-I think wave alternation gives that take a bit of support, as well.

#9 eminimee

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Posted 10 July 2008 - 09:40 AM

any new low...which we have....could do it with this count by the way....be on the look out for rampage....although my wet dream is to see oex 559/562....or spx 1232