RATIO CHARTS Update 8/19
Started by
mss
, Aug 21 2005 01:56 PM
5 replies to this topic
#1
Posted 21 August 2005 - 01:56 PM
Current outlook is still for a consolidation and bounce several times till the oversold condition is eased. Momentum is slowing and may become a bad problem leading to steep decline to as low as 1140/50 SPX. For the short term a narrow trading range. IMO we are not yet starting a Bear leg even tho divergence's are showing up in several LT charts
Comments are welcome.
mss
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#2
Posted 21 August 2005 - 03:39 PM
Hey mss,
Nice chartwork,,, got too love those pin point turms on the 21BOP chart.. Not sure if I am inturpeting the weekly charts correctly or not, unless we get a sharp rebound this week, they seem too be indicating more decline ? Am I reading them correctly? Have a great week ahead..
Sam.
#3
Posted 21 August 2005 - 04:59 PM
Really nice charts you got there, especially like last two ones. Same thinking here, one thing that puzzles my mind is how bradley 8/30 will fit into the IT bearish scenario.
#4
Posted 21 August 2005 - 05:49 PM
Hi MSS,
I like that colorful and pleasant looking charts.
Agree with your comment.
The bottom line is to look for confirmation i.e. if breaks the trendline for SPX/NASDAQ and 50ma
For DOW, break of 200ma x
BP charts are DT.
Sharon
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPSPX,uu[w,a]dncyyOy[de][pc3!c5!c8!c13!c20!c50!][iuo100!la20,100,50!ll14!].png
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPCOMPQ,uu[w,a]dncyyOy[de][ppc3!c5!c8!c13!c20!c50![iuo100!la20,100,50!ll14!].png
I like that colorful and pleasant looking charts.
Agree with your comment.
The bottom line is to look for confirmation i.e. if breaks the trendline for SPX/NASDAQ and 50ma
For DOW, break of 200ma x
BP charts are DT.
Sharon
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPSPX,uu[w,a]dncyyOy[de][pc3!c5!c8!c13!c20!c50!][iuo100!la20,100,50!ll14!].png
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPCOMPQ,uu[w,a]dncyyOy[de][ppc3!c5!c8!c13!c20!c50![iuo100!la20,100,50!ll14!].png
Market Timing ... Trend-Signals.com
#5
Posted 21 August 2005 - 05:51 PM
mss, congratulations on the good charts and the 1140/1150 SPX forecast -- that is real Fearless Forecaster stuff. I'm too chicken right now -- don't see any clear picture. Lots of possibilities but I want to see more chart action from the recent high before I really commit. Thus far we've only got three waves down blah blah blah.
bln, if we get a move higher to the Bradley date, that could do it, and all the while be going down further.
Best,
Doug
bln, if we get a move higher to the Bradley date, that could do it, and all the while be going down further.
Best,
Doug
#6
Posted 10 September 2005 - 03:58 PM
hay,,you mad at me, were are the up dates ?