Are we there yet?
Started by
nicolasillo
, Jul 10 2008 03:02 AM
8 replies to this topic
#1
Posted 10 July 2008 - 03:02 AM
Notice how the spikes of the black/red line capture the end of declines.
#2
Posted 10 July 2008 - 03:11 AM
very useful chart. i say: let it spike then!
#4
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
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.
#6
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=$SPX&p=60&yr=0&mn=2&dy=21&i=p72761122698&a=79672211&r=228.png
http://investorshub....age_id=30589011
http://investorshub....age_id=30589102
http://stockcharts.com/c-sc/sc?s=$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
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
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
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