6 replies to this topic

[Trend-Signals]

Qs closed at 47.92 after reversing at 46.46 which is 61% of Mar2007 and about 40% of Jun-Jul2006 rally. It is 15% correction from 10/31/07 high. Also, there are other technical analysis that I do showing the support.

As shown on the weekly chart, it is weekly uptrend line support.

I have noted that I was looking for a reversal to trade up for the next few months after a sharp correction which is one of the worst first week of new year performance since 1937. Also after the INTC correction, I noted that much of bad earning news is priced in as we can see on INTC chart, it has fallen off from cliff as if the company reported bad earning news. This is different from the last earning report season when market priced in good news. Now I think that market has priced in bad news, so any good earning reports will take markets higher.

SPX closed at 1409.13 after reversing at 1378.07. As noted earlier closing above 1400 is a good sign of reversal with the price formation ending {4} of {5}.

Today's market action is a good sign of market reversal; therefore, I think that markets have bottomed for the next few months. Will look for a confirmation.


http://trend-signals...day-market.html

http://trend-signals...third-kind.html


Hope that Bernanke does not say anything that will scare markets hell.






PS on the weekly chart, {3} needs to be positioned the same as daily.

Edited by Trend-Signals, 09 January 2008 - 09:03 PM.

[Trend-Signals]

http://investorshub....age_id=25860601

SPX closing above 1400 is also a good sign for reversal.

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Date:1/9/2008 3:09:51 PM
Post #of 36291

Qs closing near at 48 is a major accomplishment of bottoming.

~~~

Date:1/9/2008 2:59:34 PM
Post #of 36290

Qs 46.46 DTL support as well as 61.80% and 38% RT and SPX 1380 +/- get supports!! Will show you chart later.



http://www.stockchar...09398&r=157.png
http://www.stockchar...77535&r=760.png
http://www.stockchar...31079&r=924.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=17&i=p98670794592&a=79285156&r=270.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p81023012923&a=76929034&r=769.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p55194635798&a=78987374&r=406.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=2&dy=17&i=p98670794592&a=115940541&r=286.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p63357307913&a=76966992&r=390.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=6&dy=0&i=p84820925254&a=115943650&r=605.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=60&yr=0&mn=2&dy=17&i=p56734971977&a=95692191&r=957.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p80974725427&a=76909044&r=483.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=6&dy=0&i=p84820925254&a=77295648&r=657.png

[Trend-Signals]

DOW p/c ratio looks like expecting burning hell ? That is not looking good. Maybe Bernanke will say something horrible to market. Half Hourly Volume Report for Selected Indices For 1/9/2008 DOW Industrials S&P 100 S&P 500 Time Calls Puts Total Calls Puts Total Calls Puts Total 9:00 AM 525 829 1354 4002 1309 5311 15457 25897 41354 9:30 AM 1041 5854 6895 8694 12849 21543 61910 96999 158909 10:00 AM 1041 7068 8109 11123 15216 26339 93234 133245 226479 10:30 AM 2787 7456 10243 12116 16055 28171 128173 233002 361175 11:00 AM 2823 7549 10372 14119 17646 31765 143673 259236 402909 11:30 AM 2928 7871 10799 14975 24047 39022 185811 318802 504613 12:00 PM 2964 7887 10851 15415 25111 40526 213472 342418 555890 12:30 PM 3105 9322 12427 17479 27178 44657 231025 360481 591506 1:00 PM 3145 11491 14636 18046 28148 46194 239884 400500 640384 1:30 PM 3591 12662 16253 20808 31991 52799 271991 473013 745004 2:00 PM 3866 12884 16750 22510 33401 55911 289979 530732 820711 2:30 PM 4206 17877 22083 25699 36511 62210 327426 571186 898612 3:00 PM 4697 18244 22941 28351 38230 66581 340847 601914 942761

[TheArchitect]

Qs closed at 47.92 after reversing at 46.46 which is 61% of Mar2007 and about 40% of Jun-Jul2006 rally. It is 15% correction from 10/31/07 high. Also, there are other technical analysis that I do showing the support.

As shown on the weekly chart, it is weekly uptrend line support.

I have noted that I was looking for a reversal to trade up for the next few months after a sharp correction which is one of the worst first week of new year performance since 1937. Also after the INTC correction, I noted that much of bad earning news is priced in as we can see on INTC chart, it has fallen off from cliff as if the company reported bad earning news. This is different from the last earning report season when market priced in good news. Now I think that market has priced in bad news, so any good earning reports will take markets higher.

SPX closed at 1409.13 after reversing at 1378.07. As noted earlier closing above 1400 is a good sign of reversal with the price formation ending {4} of {5}.

Today's market action is a good sign of market reversal; therefore, I think that markets have bottomed for the next few months. Will look for a confirmation.


http://trend-signals...day-market.html

http://trend-signals...third-kind.html


Hope that Bernanke does not say anything that will scare markets hell.






PS on the weekly chart, {3} needs to be positioned the same as daily.

question TS...how have you calculated the slope on your uptrend line off todays lows. i agree with a bounce, however i also believe it is totally dependent on what ben says (or how the street boys take what he says) tomorrow. I'm not seeing anything definite until past his speech. how could one make such a prediction with such a moving condition taking place at such a time?

Just a question??

[Trend-Signals]

The slope is showing a direction. I have shown market analysis over years for market view and calls.

You were posting Nas 3100 out of no where which I posted Nas 3100 based on complete technical analysis. You posted twice on Nas 3100, then, now you are backing off which is quite amusing.

I have a bit of hard time dealing with new posters coming off with ideas where market is heading as I need to see how their thought patterns work with enough due diligence. Having said that, I don't read TT often enough, but I do notice some posters.

Don't know anything about you beside what I noticed today on what you posted.



Bottomline: as far as I am concerned, need to be careful with expressing market sentiment since that could be interpret as irrational.



I am done with posting tonight.


Will see.




~~~








THIS IS MY REPLY TO PABST:

I think that markets are very different from what we have seen before as markets are selectively selling off while markets were advancing with big caps.

I'm hesitant to think we'll just keep rallying into Fed meetings like an obediant dog looking for a cheap money treat. On the other hand I'm also hesitant to think we'll keep collapsing in the aftermath of those cuts.

This is bizzaro world. Libor has stabalized and stocks haven't even come close to their levels of 5 quarters ago yet the Fed acts like it's 1933. All with food, energy and most everything else on all time highs. Against this backdrop rates near multi decade lows. Truth be known: Bond traders are much more yield whores than inflation hawks. If the Fed keeps cutting, bonds will keep rallying no matter what the inflation forecast says.

Good to see you.

On the contrary, Markets were selling off like hell.

As shown on the link that I expressed how markets were selling off methodically.
Market level is just a dress up.

http://investorshub....age_id=25857126

Date:1/9/2008 11:52:28 AM
Post #of 5349

Just take a look $SOX and $BKX, the evil greed were selling for years underneath. The evil greed was planning this from the beginning as we can see on $SOX ratio chart. They were whip-whip and chop-chop stocks from the beginning of this cycle. For that matter, bubbling and bursting of R.E. market as well with blue prints where to start and to end as it can be seen the price break out and the targeted peak point before the fall of the R.E. prices.

Edited by Trend-Signals, 09 January 2008 - 09:58 PM.

[TheArchitect]

Who said i was backing off nasdaq 3100? I just see some turbulence today after ben speaks.

[Trend-Signals]

Nas 3100 is the number which I posted during the last year, and I am seeing the same number which you are posting baseless, so far. As we can see market selling off today. By reading a few posts as I just signed on, your posts are not really making sense to me, then, again, I don't know you as you are a new member on TT and furthermore, I don't read all TT posts as I am off and don't sign on weeks or months sometimes. A lot of whipsaws so far.