SPX - BOTTOM ?

After looking at 50+ charts I have come to the conclusion that more bounce is coming (nothing new), and a tradable decline is at hand. The daily charts suggests that until VXO clears the "wiggle" chart below no real bottom has formed. S&P 1421 may be a stopping point. The next two charts suggest, in picture form why. Monday might go both ways AC/DC, Roger D. might need to explain that to you younger traders. More info on weekly charts to be posted tomorrow.



NO TURN BACK-UP


TURN DOWN-HOOK


Comments welcome,
mss

After looking at 50+ charts I have come to the conclusion that more bounce is coming (nothing new), and a tradable decline is at hand. The daily charts suggests that until VXO clears the "wiggle" chart below no real bottom has formed. S&P 1421 may be a stopping point. The next two charts suggest, in picture form why. Monday might go both ways AC/DC, Roger D. might need to explain that to you younger traders. More info on weekly charts to be posted tomorrow.



NO TURN BACK-UP


TURN DOWN-HOOK


Comments welcome,
mss

I wish they would gap it down monday have the capitulation decline with the v bottom off the 360 day ema on the spx cash at around 1394 like we would do in the 90's is that too much to ask

with all the volume that came in at the close I am thinking we do what we did on Wednesday of this past week which puts off the capitualtion phase

Monday might go both ways AC/DC, Roger D. might need to explain that to you younger traders.

AC/DC was a popular band back when MSS first began getting his government checks.

[img]http://tbn0.google.com/images?q=tbn:FUcEyOwuARD8MM:http://www.musikmarkt-wiesbaden.de/images/AC-DC%20highway%20to%20hell.JPG[/img]

Very nice charts.

Monday might go both ways AC/DC, Roger D. might need to explain that to you younger traders.

AC/DC was a popular band back when MSS first began getting his government checks.

[img]http://tbn0.google.com/images?q=tbn:FUcEyOwuARD8MM:http://www.musikmarkt-wiesbaden.de/images/AC-DC%20highway%20to%20hell.JPG[/img]

i thought MSS was a female...was there a recent sex change that the board was not made aware of?

Edited by iron cross, 04 August 2007 - 08:32 PM.

i thought MSS was a female...

No. That would be "Ms"

Besides my wife would kill me if some woman was sending me those e-mails.

Unless....Scott is ac/dc...

Naw. It couldn't be.

Edited by Rogerdodger, 04 August 2007 - 08:52 PM.

that was funny ...

Monday might go both ways AC/DC, Roger D. might need to explain that to you younger traders.

AC/DC was a popular band back when MSS first began getting his government checks.

[img]http://tbn0.google.com/images?q=tbn:FUcEyOwuARD8MM:http://www.musikmarkt-wiesbaden.de/images/AC-DC%20highway%20to%20hell.JPG[/img]

MSS, Looks like your BULL-BEAR OSC has a nice bullish diverg similar to March lows. Echo