195 replies to this topic

[da_cheif]

the mother of all bull markets in the primary market...(Nyse n value line) are and have been underway big time. T0 control sentiment the exchanges decided decades ago to use the dow and its 30 components to trigger investors in and out of the market . Little if any media attention is directed to the very broadest of market measures such as the NYSE and Value Line which are of course in the mother of all bull markets. Thus by using easily manipulated narrow based indexes such as the dow snp and nasdaq investors are kept at bay until they are invited into the market at much higher prices.

[da_cheif]

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.....

"Chief, I think the harder the correction the higher the bounce".......indeed......thus the biggest correction in market history from 2000 to 2002 will produce the biggest bounce in history.......will make the 90.s look like childs play

[Vector]

I've been eyeing the NYSE ever since June 13th. Amazing strength in it. The other indexes are very misleading right now, especially NDX. Doing exactly what you said, making people not trust the [current] rally.

[da_cheif]

Seems that if those 2 gaps or even one gets filled 1241 1258 in the sept contract.....they got till WWW to do it....unless its another one of those post expiration assaults on investors sensibilities........fortunately there are a lot of open gaps left above the market.........for those interested my 900 updates are now available on the web........no per minit charges.....www.wolanchuk.com.........i c most on these threads are populated with traders astute enuff to trade alone. My service is there just to keep you company if you need it. .

[da_cheif]

CLX students....if you notice......in the Sept SnP large contract there are 2 gaps left open under the market ...1258 and 1241.......the 1258 gap is rite at the 75% retrace off the swing low of 6/28 and the 1241 gap is just below the 78.6% retrace off the 6/14 low.....clx offsets will turn favorable on both the 30 and 10 day around monday or tues...sentiment on this 2nd wave pullback should get white hot....notice the equity pc ratio was at its highest in many moons yesterday 84% acually hit 102% at the opening.....and vix pc ratio at 7% the lowest ever....so far however the 38.2 retrace off the 6/14 low at 1266.66 tho penetrated has not seen a close below it. For a change we are seeing down gap openings ...a plus......and there are now gaps above the market...a huge plus.....1282.30...1288.20..1299.10 ...1305.90...1322.90....and 1339.20

[Vector]

didn't think so in May but we are witnessing a larger than expected cycle bottom(ing) (1 1/2 deal), perhaps even the 4 yr early. Gonna be crummy for bulls in the near term but very rewarding afterwards. Its always very rewarding afterwards - always worth the wait

[da_cheif]

awrightee then....cycle low....1241 gap filled....7 gaps to fill above the market all the way up to 1339......lets rock......

[libs]

fwiw and probably not relevant but the last time Israel attacked Lebanon in June 1982 -a major stockmarket low formed in August after a 15% decline in the preceding 2-3 months. The following year saw a 70+% gain. Jeez....where was I.....oh yeah...school.
This link is a Jewish history site but good for timeline. http://www.jewishvir...ebanon_War.html

[da_cheif]

good one........btw in 1982 alotta things came together......snort http://www.nytimes.c...82DARKDAYS.html

[Vector]

I forgot about that. Here's my prediction, which I'm sure will happen... Most who are waiting for the 4 yr cycle low to come will still be waiting for it 3 yrs from now AFTER it already came (never as planned, envisioned or expected) and they will miss the next 4 yr up phase. Sitting there saying, "it hasn't come yet" or "it might have BUT it's too late now to hop on...it's waaaay overvalued and too parabolic." That's why I'm staying put and riding it out. Its not worth the shuffle.