As I said the other day, it is FAST approaching the LINE OF DEATH at 4200.
Its 4250 as I type this.
I believe in the one market theory. Especially one as big as China, where a lot of the new wealth investors have their toes (if not their feet/legs) dipped into.
Can the world weather china's dump?
Let's find out.
Oh dear, SSEC...
Started by
dcengr
, Feb 24 2008 08:57 PM
8 replies to this topic
#1
dcengr
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Posted 24 February 2008 - 08:57 PM
Qui custodiet ipsos custodes?
#2
eminimee
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I don't care who's fur is flying...
Posted 24 February 2008 - 09:18 PM
Why is 4200 the line of death? Admittedly...below it's last low could be bearish .....but I wouldn't use such a drastic term......first...it has a good chance of bouncing before we see a new low....and second....any new low could also be some sort of reversal.
http://stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=3&mn=6&dy=13&i=p55187228154&a=120817562&r=2638.png
http://stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=3&mn=6&dy=13&i=p55187228154&a=120817562&r=2638.png
#3
dcengr
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Posted 24 February 2008 - 09:40 PM
This might explain my view...
Qui custodiet ipsos custodes?
#4
eminimee
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I don't care who's fur is flying...
Posted 24 February 2008 - 10:04 PM
Yeah....I've seen the possibility....a few months back I compared SSEC with COMPQ bubble....using the BB's...don't know if you remember or not.. I said it could test the .618 and the rising tops TL
..Could happen...but not yet if it does.....imvho....if it's going to test the 3000 area....it needs higher in the X wave first.
The vertical lined areas are also areas where SSEC took decent corrections and SPX weathered them well. fwiw
http://stockcharts.com/c-sc/sc?s=$SSEC&p=W&st=1990-01-01&i=p14117094489&a=97965328&r=8151.png
..Could happen...but not yet if it does.....imvho....if it's going to test the 3000 area....it needs higher in the X wave first.
The vertical lined areas are also areas where SSEC took decent corrections and SPX weathered them well. fwiw
http://stockcharts.com/c-sc/sc?s=$SSEC&p=W&st=1990-01-01&i=p14117094489&a=97965328&r=8151.png
Edited by Teaparty, 24 February 2008 - 10:08 PM.
#5
kwest
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Posted 24 February 2008 - 10:29 PM
Why is 4200 the line of death? Admittedly...below it's last low could be bearish .....but I wouldn't use such a drastic term......first...it has a good chance of bouncing before we see a new low....and second....any new low could also be some sort of reversal.
Tea-
Curious why label as ABC when the down waves look impulsive (5 waves). The other indicators are looking pretty weak, too. Or is the ABC just an alternate count, to support a devil's advocate position?
Isn't the SSEC chart just what you'd expect when a parabolic pattern cracks?
If it has cracked (NIKK not looking hot, either), isn't that a problem for most other equity markets?
When in doubt, cash it out.
#6
vitaminm
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Posted 24 February 2008 - 10:50 PM
ssec........R/S.......4400...4385 / ...4212..3918
vitaminm
#7
AChartist
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Tim
Posted 24 February 2008 - 11:04 PM
I'd buy it 3550 to 3770.
Could be a clue we'll get our low.
Could be a clue we'll get our low.
As I said the other day, it is FAST approaching the LINE OF DEATH at 4200.
Its 4250 as I type this.
I believe in the one market theory. Especially one as big as China, where a lot of the new wealth investors have their toes (if not their feet/legs) dipped into.
Can the world weather china's dump?
Let's find out.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#8
dcengr
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Posted 24 February 2008 - 11:31 PM
A while back I said 2007 russia = 1937 germany...
Putin is getting more hitlerish every day..
Sort of scary if you think about it. Hindenburg lead the way to Adolf's reins, sort of like how Yeltzin for Putin. Lots of similarities there.
Putin
Putin is getting more hitlerish every day..
Sort of scary if you think about it. Hindenburg lead the way to Adolf's reins, sort of like how Yeltzin for Putin. Lots of similarities there.
Putin
Qui custodiet ipsos custodes?
#9
dcengr
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Posted 25 February 2008 - 01:50 AM
SSEC... new lows just printed.
Qui custodiet ipsos custodes?
