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NDX chart for greenie


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#1 hiker

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Posted 13 February 2007 - 07:29 PM

scroll down a bit to NDX chart...who is to know whether it will breakout above upper channel line or fail?

http://tradertim.blogspot.com/

I know greenie, you believe it is possible to predict the future. The price evidence suggests a bullish uptrend remains in play.

greenie, you may like this site since most of the setups and TA interpretations in recent weeks have been bearish...the archives are a worthwhile read.

Edited by hiker, 13 February 2007 - 07:33 PM.


#2 nimblebear

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Posted 13 February 2007 - 08:22 PM

Tim seems like a bear in hiding. or waiting. he's incredulous at how many stocks are simply going straight up. A lot of people seem to be riding these stocks higher.
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#3 greenie

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Posted 13 February 2007 - 09:04 PM

scroll down a bit to NDX chart...who is to know whether it will breakout above upper channel line or fail?


Thanks Hiker for the post. If NDX breaks out above the line, who is to know whether it is a breakout or fakeout? You see, market can always keep one on his toes, if he looks at only one line for his make or break decision such as what Tim presented. In any case, I have seen his blog, but do not like it. He is always too bearish, and reads every chart in a bearish manner. I like bullish blogs or chats. People, who have opposite opinion from me help me to think more. So, please send me more bullish links, like the chats of Fib.

I am looking at the following charts for tomorrow:

TLT, after breaking out, is now testing its broken trendline. If it bounces back, we know that bonds are going to rise now (and that may lead to some stock weakness as well). Otherwise, I am worried.

Posted Image

In this chart, MACD back-kissed and fell. So, the high-probability direction is down. Will see if it continues as well.

http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=D&b=5&g=0&i=t11086088507&r=2162&.png

This one also reversed. Weakness ahead?
http://stockcharts.com/c-sc/sc?s=$RUO:$RLV&p=D&b=5&g=0&i=t11086088507&r=2162&.png



Bottom or top? To me it seems like more weakness ahead.

http://stockcharts.com/c-sc/sc?s=$NDXA50R:$NAA50R&p=D&yr=3&mn=0&dy=0&i=t39740160077&r=3686&.png


What else? VXN has a gap above. VXN usually closes its gaps in 2-3 days. Because of yesterday's unfilled gap below, I was not bearish for today. Now there is a gap above, so I presume the default move for VXN is up, unless proven otherwise.

TRINQ is rising for few months. Check its 20EMA.


Also, I look at about 15 or 20 components of NDX everyday. They all look broken or on the verge of breaking down, except ROST. MICC, one of the top percentage gainers for last three years, is hanging on the trendline by a thread. It has the best risk-reward setup for a ST 4-5% move.
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#4 VolPivots

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Posted 13 February 2007 - 09:32 PM

Hiker, Just curious....what's your current take on GROW? You effectively nailed the top through action......I see a gap magnet down below in the low 30s. Thx, D

#5 vitaminm

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Posted 13 February 2007 - 10:05 PM

TLT,NDX/in red zone

http://finance.yahoo... ^NDX...0&a=&c=
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#6 hiker

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Posted 13 February 2007 - 11:27 PM

D - yes on GROW at that spot.