Soft Landing
#1
Posted 31 January 2007 - 03:22 PM
#2
Posted 31 January 2007 - 03:36 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#3
Posted 31 January 2007 - 03:40 PM
#4
Posted 31 January 2007 - 03:57 PM
As of yesterdays data, the NASDAQ still has a little more work to do before I would switch to long.What do you think of NASDAQ here? Buy on today's close?
However, the SML was leading today's breakout, and today we have new all time highs on the SML, RUT, MID, VLE so we're back in sync again.
So, I'll just have to wait to see how we settle today. I'll make mention of it in the chat tonight and you can review the transcripts tomorrow if you're not able to join us later.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#5
Posted 31 January 2007 - 06:17 PM
#6
Posted 31 January 2007 - 06:27 PM
#7
Posted 31 January 2007 - 07:28 PM
Edited by Teaparty, 31 January 2007 - 07:29 PM.
#8
Posted 31 January 2007 - 10:24 PM
The biggest difference? The 4 year cycle.Fib, what's the difference in between the last May's new highs in RUT, dismal performance in NDX and the marginal new highs of the SPX and DJIs?
Second place? The 9 month cycle.
Other differences?
New all time highs on the ratio adjusted NYAD.
Higher MCSUM highs than that of last May with no divergences as yet.
Basing price pattern structures just completed on the RUT, SML, MID, and more than likely, the NDX and COMPQ.
General intermediate term price pattern structures showing bottoms above bottoms and the angle of ascent.
There are others.
Well, you don't mention what kind of liquidity you're referring to, but the liquidity that really counts in all this, money that's available for investment, has been continuing to increase since 2001 with no sign of decay. To be candid, if the last 45 days of corrective action hasn't at least made you consider this, I don't know what will.In my opinion nothing, actually it is worse now since the high in last May was clearly made by the excess liquidity, while this one is barely made due to the depleting liquidity in my measures.
That's entirely possible at this stage. As always, its up to the markets participants to provide the conviction that will be needed to push higher from here. The next week or so will tell the tale in this area....either we top out in February and chop around into the next 9 month cycle nesting in March/April, or we "slamma jamma" higher and have a quick correction into this same bottom that will look like a blip on the longer term charts.I remain bearish for the intermediate term, although I can see the current short term momentum carrying on for a few more days or even a week or two into Feb.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 01 February 2007 - 11:43 AM
#10
Posted 01 February 2007 - 01:01 PM
http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=9&dy=0&i=p21491008167&a=95622208&r=5972.png