195 replies to this topic

[Vector]

I'll never forget that launch or the Aug 1982 one or the Sept 1985 one or the Dec 1986 one or the Dec 1994 one or the Oct 2002 one or the March 2003 one did I miss any?

[da_cheif]

I'll never forget that launch

or the Aug 1982 one
or the Sept 1985 one
or the Dec 1986 one
or the Dec 1994 one
or the Oct 2002 one
or the March 2003 one

did I miss any?

oct 66 november 74 apr 81. lol

[Jnavin]

October 66 is too far back for me, but I remember November 74 -- it was a month later that I heard a fellow on the radio named Richard Ney talking about something called "technical analysis." He insisted that an incredible low had been established and that everyone listening should buy stocks right away. About a month after that I computed my first moving average...

[da_cheif]

yup...richard was quite a guy......RIP

[J.Bilkins]

I'll never forget that launch

or the Aug 1982 one
or the Sept 1985 one
or the Dec 1986 one
or the Dec 1994 one
or the Oct 2002 one
or the March 2003 one

did I miss any?

Yes, August 04. Don't you remember going super long?

[da_cheif]

From George Rodart...a great market student on Wollie World

http://www.georgerod.../MCO-060630.gif

Yesterdays move followed on the positive divergences between the price action and the MCO (heavy green lines)

Since the 10% index (0.9 exponential of the A/D) is only at 200 it appears the rally may have a ways to go. I would expect the 10% index to reach the +500 zone, probably not all at once but within 10 days. As a result it looks like the MCO should break above the recent highs in the vicinity of 200.

This would suggest that whatever cycle low is due, we just made. About the only thing which would change my mind would be an immediate failure of the recent rally which would signal it's just a trap.

[da_cheif]

From Investors intell july 5..... "The difference between the bulls and bears was 4.3%, expanding slightly from 1.1% and 0% shown the prior two weeks. A plurality of bears would be an additional positive signal, but that usually occurs only at a bear market bottom. During a correction, the current increase from the even readings two weeks ago is a bullish signal. " WATCH THE SKY

[da_cheif]

wierd wollie wed coming cup on a week from today......post holiday yank hopefully will get them 2 gaps filled.........

[da_cheif]

47 handles off the low and everyone still scared witlless..http://img204.imageshack.us/img204/4442/aaii76067gt.gif......fridays decline was typical....3 days of fear for the price of one. Any further decline is deemed as corrective with the focus on weird wollie wed for the end of whatever terrorist activity those weasels that control our financial destinies have in store for us. The end result? Much higher prices.

[traderpaul]

Chief, I think the harder the correction the higher the bounce.....We are only a few % from the top.....If we stop here the bounce will be so small.....Not the mother of bull markets.....That is what you are looking for.....