And there comes the rejection...

I have many reasons here to beleive that we would fail on the daily charts i.e see a strong rejection on the daily charts. I can state them, but it's putting the cart ahead of the horse. We peirced the upper BB on the daily over the last two days, but closed below it. Now in a bull market, the next logical step would have been that the BB would have adapted to the rising prices and flared up. But this is still a bear market by all measures and the logical resolution would be a rejection from this general area with the upper BB acting as resistance. Looking at the MCOs, phenomenal amount of money has been thrown at the markets in the last 30 days against the intermediate trend. But with all that ammo, the power of the rally in terms of price momentum has not even been half of that 12 day decline from 11/5 top. We'll see...

Swing sell confirmed. SPX 850 next and then the retest of Nov lows. But one step at a time....

Nav,


best specific fundamental analysis on the net and he's a brother. Who need S&P ratings

He actually trades of specific fundamental data.

http://boombustblog.com

i agree the next several days will be down...if we chop down with the nq's playing hard to get then i think i will put the bull cap back on good to have ya back

Agreed.

Nav,


best specific fundamental analysis on the net and he's a brother. Who need S&P ratings

He actually trades of specific fundamental data.

http://boombustblog.com

Do not click on this link, it will hang your computer while it try's to install something on your hd.

Edited by Russ, 08 January 2009 - 12:19 AM.

Nav,


best specific fundamental analysis on the net and he's a brother. Who need S&P ratings

He actually trades of specific fundamental data.

http://boombustblog.com

Do not click on this link, it will hang your computer while it try's to install something on your hd.

Yep...same happened to me...looks like a virus attack from the site...

Not sure about site , but its the best I have seen

Big Bad Bear, It would seem prudent to edit your message to delete the bad link if possible. I was fortunate to have read down the thread a bit before clicking on it. If you can't edit, than I suggest the monitors do so. Tks.