SHORT TERM BOTTOM
#1
Posted 20 October 2005 - 04:42 PM
Right or wrong, I am suggesting that a short term bottom is in. A little more down may happen, but my money is on a tradable bottom. The last chart may be the killer, but I'm betting on the other three holding up.
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 20 October 2005 - 04:44 PM
#3
Posted 20 October 2005 - 05:11 PM
I like your stuff. I should have heeded your warning earlier on the miners.
BTW, the 320 dma is a great LT bull/bear signal. Bull above and bear below.
http://bigcharts.mar...&mocktick=1.gif
http://bigcharts.mar...&mocktick=1.gif
Looks like we are right there again! An SPX breakdown here and its toast.
cheers,
john
Edited by SilentOne, 20 October 2005 - 05:14 PM.
#4
Posted 20 October 2005 - 05:26 PM
Wait a minute -- holy cow, are you crazy?
Doug
#5
Posted 20 October 2005 - 06:29 PM
Right or wrong, I am suggesting that a short term bottom is in. A little more down may happen, but my money is on a tradable bottom. The last chart may be the killer, but I'm betting on the other three holding up.
mss
Hi MSS,
I am still debating whether I see a reversal for sure. I thought that markets will consolidate today; but, instead, it took out all the gains that we had yesterday. Having said that SPX didn't take out the low and closed at the higher low. Even so, today action suggests that Bears are in control. It is the "FED EFFECT", as we have seen it today. My customized indicators says that it is not the bottom. I have 3 out of 4 signals are Long; but, the one is still sell. I think that markets will consolidate at here a bit longer and trade up.
T-S
PS These charts do not show all the indicators, but the link does.
http://stockcharts.c...t?obj=ID1478824
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=SPY,uu[e,a]dhcayyoy[d20050101,20051231][pc5!c8!c13!b20!b50!b100!b200!b320!][vc60][iud20!uo50!la12,26,9][J60853624,Y].png
&disp=O]http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1478824&cmd=show[s60421011]&disp=O
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$SPX,uu[e,a]dhcayyoy[dd][pd!f][iud20!uo50!la12,26,9!ll14!][J60452523,Y].png
#6
Posted 20 October 2005 - 07:43 PM
MSS, how "short" is "short-term" in your thinking ? TIA.
A week at most, for now, can change any day.
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#7
Posted 20 October 2005 - 07:46 PM
Nice charts, i like them. You are right-sink or swim time.Hi mss,
I like your stuff. I should have heeded your warning earlier on the miners.
BTW, the 320 dma is a great LT bull/bear signal. Bull above and bear below.
Looks like we are right there again! An SPX breakdown here and its toast.
cheers,
john
mss
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#8
Posted 20 October 2005 - 07:46 PM
Edited by beta, 20 October 2005 - 07:47 PM.
#9
Posted 20 October 2005 - 07:49 PM
mss, that's some really good *Fearless Forecaster* stuff. You have courage to forecast a bottom being in right here.
Wait a minute -- holy cow, are you crazy?
Doug
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#10
Posted 20 October 2005 - 07:54 PM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!