Lipstick some pigs

So you've bracketed the W4 range with the geometric and numeric bisects.

Im getting that super bearish feeling, closing the channel centerline for the month
is too contrived and the oscillators feel overbought with a price failure by dropping
off maximum momentum days. Still closed below the 2sd bands.

MCO swing high with price swing failure vs 10/13 feels like
a lipsticked pig.

And you should get one more vix close above the top band.

Edited by AChartist, 01 November 2008 - 10:53 AM.

So you've bracketed the W4 range with the geometric and numeric bisects.

Im getting that super bearish feeling, closing the channel centerline for the month
is too contrived and the oscillators feel overbought with a price failure by dropping
off maximum momentum days. Still closed below the 2sd bands.

MCO swing high with price swing failure vs 10/13 feels like
a lipsticked pig.

And you should get one more vix close above the top band.

Hi AChartist, thanks for the informative $SPX quarterly chart and the heads up on the $SPX and MCO.

Cheers,

Bob-C

Unless its closes above 10/13 I'll rethink, probably not going to happen, Monday may be the highest price for many years. Depends on market reaction Weds or whispers Tues. Crazy to place a bet for up, go to vegas instead.

Unless its closes above 10/13 I'll rethink, probably not going to
happen, Monday may be the highest price for many years.
Depends on market reaction Weds or whispers Tues. Crazy to
place a bet for up, go to vegas instead.

Thank you AChartist! Keep up your good work!

Cheers,

Bob-C

AChartist....MCO +235 is overbought but does not mean we're headed down. The summation index is -3690 and will need big positive #'s to return it to the Zero marker. So I'd expect sideways to higher markets for a few weeks or months to reset this massive historic oversold condition(maybe a chance to buy in Dec with a Bradley Turn Date and Tax Loss Selling). I'm a big buyer SPX 920 or lower to 845 and a seller low 1100's. IWM(RUT) could rally to 60-65. Remember as the MCO goes from +235 to zero the Market can go higher or lower. The $NASI is -1638(historic lows), so the COMPQ and NDX is a buy here as this indicator should also move to low -100's. I believe that all the evidence points to higher prices for now!

Yes, possible in a W4 time action to stay in this range for longer than it should,
but still lacking a W5 in individual
stocks and on the scale of the monthly chart.

There are many cases that the higher MCO swing brings an immediate reversal.
There is a the bull market case of a breadth thrust ,
but seriously doubt that is the context of this bear market.

It basically comes down to, the people were withdrawing 7% of GDP per year from
their home values to buy a lame 2% GDP growth and the remaining 5% was just lost.

The next dominoe is a sudden contraction in federal tax receipts with ecomony to
stimulate and 2 wars. How many shoes does this pig wear?

Semi has been like a prophet, I know exactly what he meant, he said we are never
going to be like it was before. Swenlin just posted an article talking about 15-20
years in consolidation. If prices can't resume the historic growth rate the channel bottom
envelopes the SP. That growth rate isnt coming from more personal debt, they wont do
that again, never. That lesson was learned once by the great generation. It wont happen for at least
50 years if ever. It takes 50 years to replace the generations with new pawns. Three generations
lived this one, the last of WWII, boomers, and the echo, the next ones wont be ripe for the
monitization rape for another 50 years. They aren't going to buy sh^% on plastic again.

But I think Swenlin was too sanquine as though we have seen the bottom of the range.

AChartist....MCO +235 is overbought but does not mean we're headed down. The summation index is -3690 and will need big positive #'s to return it to the Zero marker. So I'd expect sideways to higher markets for a few weeks or months to reset this massive historic oversold condition(maybe a chance to buy in Dec with a Bradley Turn Date and Tax Loss Selling). I'm a big buyer SPX 920 or lower to 845 and a seller low 1100's. IWM(RUT) could rally to 60-65.
Remember as the MCO goes from +235 to zero the Market can go higher or lower.
The $NASI is -1638(historic lows), so the COMPQ and NDX is a buy here as this indicator should also move to low -100's.
I believe that all the evidence points to higher prices for now!

Your conversation inspired me to seek out a place where I could track federal tax revenue and I found a very interesting web site that tracks a broad variety of data.

Scanning quickly it looks like no one is paying enough taxes for the medicare and medicaid rates
of growth. Unsustainable. So we need more tax cuts and to never mention the growth of these
programs and/or the related demographic load on the system? It looks like nothing changes.
But also hidden here is the shifting of taxation from federal to local sales and property.
Property tax seems completely unconstitutional vs property ownership rights.

One way is to kill them off earlier, they say the life expectancy is dropping, probably the drugs, ahem phamaceuticals.

Your conversation inspired me to seek out a place where I could track federal tax revenue and I found a very interesting web site that tracks a broad variety of data.

You're overthinking this thing. The market might make much lower lows next year, but that remains to be seen. FOR Now you have to ask yourself how do i make money in a market that has to Alleviate a Serious Max Oversold Condition. Either by tracking sideways eating up time or a large trading range as i have stated. Remember in Oct we had the major low on the 10th, lunar low on the 27th and 29th new moon. All were predicted on this board by many members. Dec will be the next major buy and most see it being a higher low. Given the technicals that i stated before, the odds are 90% for a higher tracking market until we get to a neutral reading in these oscillators.

Ok, I'll chill out, nothing too serious 'till Dec is most likely and I'll work on trading this
range, but small.
Breaking the 9/19 to 10/14 downtrend finishes that wave, now 8/15 to 9/18 W1 needs it's W5
is what I'm looking at.

You're overthinking this thing. The market might make much lower lows next year, but that remains to be seen. FOR Now you have to ask yourself how do i make money in a market that has to Alleviate a Serious Max Oversold Condition. Either by tracking sideways eating up time or a large trading range as i have stated. Remember in Oct we had the major low on the 10th, lunar low on the 27th and 29th new moon. All were predicted on this board by many members. Dec will be the next major buy and most see it being a higher low. Given the technicals that i stated before, the odds are 90% for a higher tracking market until we get to a neutral reading in these oscillators.