12 replies to this topic

[spielchekr]

Since 1970, there have been four other times when a daily price opened above the 20ma/50ma/200ma and closed below all three. Whatever your bias, expect to run into a BIG move now. And when you do, don't argue with it.

(PS~ 1971 was also 200 over 50 over 20 until now)

Edited by spielchekr, 28 December 2007 - 08:01 PM.

[SemiBizz]

Well, it's kinda up to the Feds, if they just leave things alone, we'll probably move down smartly on volume, but I expect they'll pony up ... probably not til after New Years but you never know. I'm expecting a full point cut, whenever they do it.

Edited by SemiBizz, 28 December 2007 - 07:58 PM.

[kaiser soze]

Thanks Spiel. Fantastic research.

[spielchekr]

Let me git my ******** together. 1971 was 200 over 50 over 20, as was this past Thursday.

[SemiBizz]

Now, let's take a look at what's really been going on with the SPX for the past 7 years.



http://bigcharts.mar...&mocktick=1.gif



See the Wide Range Candle on SPX(4/4/00), although this chart does not give volume, that was the highest volume after the tech crash began in March of '00. The range is 1416 - 1526.



Now look at this year's SPX.



http://bigcharts.mar...&mocktick=1.gif



We've struggled with that range all year long and it's still not resolved.

[spielchekr]

Let me git my ******** together. 1971 was 200 over 50 over 20, as was this past Thursday.

Sheesh, take away the eggnog already. I was right the first time... 200 over 50 over 20 is virgin territory.

(Wait, let me finish this one first).

Edited by spielchekr, 28 December 2007 - 09:09 PM.

[SemiBizz]

Since this summer the trading band has narrowed, we ended today about in the center of it.

[SemiBizz]

But when I reaaally zero in on it it's all about what happened on 11/8, the last day of extreme volume in the SPX, today we closed inside the 11/8 candle...

[spielchekr]

That's not extreme volume.



THAT"S extreme volume.

(..urrrp)

[spielchekr]

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