http://stockcharts.com/c-sc/sc?s=$XBD&p=W&yr=5&mn=6&dy=0&i=p98940164093&a=99114659&r=8695.png
Edited by Russ, 29 March 2007 - 04:53 PM.
Broker-Dealer Index (XBD) Charts
Started by
Russ
, Mar 29 2007 04:49 PM
2 replies to this topic
#1
Russ
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Posted 29 March 2007 - 04:49 PM
The major uptrend since the big slump in late 2002 has been broken. Second chart is from Teaparty's blog. How anyone can think the market is just going to brush this off easily is hard to see.
http://stockcharts.com/c-sc/sc?s=$XBD&p=W&yr=5&mn=6&dy=0&i=p98940164093&a=99114659&r=8695.png
http://stockcharts.com/c-sc/sc?s=$XBD&p=W&yr=5&mn=6&dy=0&i=p98940164093&a=99114659&r=8695.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
HiFiGuy
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Posted 29 March 2007 - 07:20 PM
Russ,
Nice charts. I think you may be right...160 looks like a good target range.
http://stockcharts.com/c-sc/sc?s=$XBD&p=W&yr=5&mn=0&dy=0&i=p52625419052&a=102238350&r=3733.png
Nice charts. I think you may be right...160 looks like a good target range.
http://stockcharts.com/c-sc/sc?s=$XBD&p=W&yr=5&mn=0&dy=0&i=p52625419052&a=102238350&r=3733.png
"A state of war only serves as an excuse for domestic tyranny." - Aleksandr Solzhenitsyn
http://www.trueworldhistory.info/
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#3
Russ
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Posted 29 March 2007 - 07:33 PM
Yes the upper line looks to weak to be a major target, I think you are likely right. Wonder if there is a way to tranlate that decline into a dow or spx number?
name='HiFiGuy' date='Mar 29 2007, 07:20 PM' post='279988'
name='HiFiGuy' date='Mar 29 2007, 07:20 PM' post='279988'
Russ,
Nice charts. I think you may be right...160 looks like a good target range
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
