8 replies to this topic

[Trend-Signals]

Good morning ALL


After selling off into close in light volume, we now have positive divergences on 60m and daily price actions. Furthermore, market breadth is also showing positive divergence.

Markets closed at or near critical and pivotal LT supports.

Asian markets sold off except $SSEC and Euro markets are also negative at the moment.

However, with the positive divergences and post-climactic volume actions, a reversal is likely at this point.



http://www.traders-t...showtopic=74649

http://www.stockchar...77535&r=859.png

http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22232131775&a=76929034&r=724.png

http://www.stockcharts.com/c-sc/sc?s=$NAHL&p=D&st=2002-01-01&i=p25111625053&a=78651973&r=306.png

http://www.stockcharts.com/c-sc/sc?s=$NALOW&p=D&st=2002-01-01&i=p15756359942&a=62867880&r=917.png

http://www.stockcharts.com/c-sc/sc?s=$NYLOW&p=W&st=2002-01-01&i=p51359800370&a=62867881&r=781.png

Edited by Trend-Signals, 15 August 2007 - 05:05 AM.

[Trend-Signals]

In reference to the COT comment, I am hearing that big investors are buying at this level...

http://investorshub....age_id=22070081
http://www.traders-t...showtopic=74649

[Trend-Signals]

All right, the MEAN BAD WOLF-BEARS are warning us to stay off from the falling knife. It seems that they didn't have enuf BEAR-FEAST. Just be careful... and Good luck

Edited by Trend-Signals, 15 August 2007 - 05:41 AM.

[Trend-Signals]

All Right!!!

[ogm]

In reference to the COT comment, I am hearing that big investors are buying at this level...

http://investorshub....age_id=22070081
http://www.traders-t...showtopic=74649

Yes, Warren Buffet is is helping me to hold up the Bank of America stock

Filing disclosed that he's buying it here.

[Trend-Signals]

Yes, Warren Buffet is is helping me to hold up the Bank of America stock

Filing disclosed that he's buying it here.

Hi OGM, yes, also a few other stocks as well as he is bullish on rails and health care. However, it seems that big short hedge funds were aligning to short market with the subprime drama as we can see on COT.

Sure, the media is killing all Bullish confidence during the last few weeks. The crowd sentiment goes overboard... as I have anticipated a correction, but didn't expect this much fear drama.

Well, will see how the day ends, but, as noted, positive divergences are building a good case for bulls.

Good luck


PS just hearing that other billionaires are buying at this level as well, Soros.

Edited by Trend-Signals, 15 August 2007 - 07:02 AM.

[hiker]

SPY premkt low of 142.15 vs. decline low of 142.53...now trading at 142.67....FWIW my FF, 1421 could easily be the SPX cash low today, though 1405 area is a fib extension target

Edited by hiker, 15 August 2007 - 08:29 AM.

[Trend-Signals]

Posted by: __1Best__
In reply to: None
Date:8/15/2007 9:21:24 AM
Post #of 2079

Qs traded to 46.50 +/- in premarket low. With the overshoot market actions with volatility, buying at this level is reasonable.

Supports: SPX 1400 +/-, Qs 46.30 +/- and DOW 13000 +/-


http://investorshub....age_id=22079776

[hiker]

closed today longs at area of SPX 1436 R1 ...have no idea what next...still long a couple equities bought near open

Edited by hiker, 15 August 2007 - 08:58 AM.