7 replies to this topic

[airedale88]

the minor 3/3.5 day cycle was just a sideways consolidation. it's also a mid channel pause more pronounced on intraday charts. the price projection off this mid channel pause confirms earlier cycle projections that SPX will test and exceed it's previous high.

[traderpaul]

http://stockcharts.com/c-sc/sc?s=$BPCOMPQ&p=D&yr=0&mn=6&dy=0&i=p17744575227&a=65516045&r=1567.png


A little optimistic with your porjection? We are knida far from new high....

[LeroyB3]

He's been right much more then he's been wrong. Best, LB

[traderpaul]

He's been right much more then he's been wrong.

Best,

LB

Exactly, I am projecting the price of stamps will go up.....I will never be worng with my projection.....This market has an upward bias, but inflation accounts for all (most) of it.....So what if SnP will be 1500?......The cost of everything will be going up.....The chart that I posted shows how much the internals are lagging behind.....If that is not divergence then what is devergence?...

Edited by traderpaul, 06 April 2007 - 09:36 AM.

[Russ]

What if that is a reverse head and shoulders on your bullish percent chart?

He's been right much more then he's been wrong.

Best,

LB

Exactly, I am projecting the price of stamps will go up.....I will never be worng with my projection.....This market has an upward bias, but inflation accounts for all (most) of it.....So what if SnP will be 1500?......The cost of everything will be going up.....The chart that I posted shows how much the internals are lagging behind.....If that is not divergence then what is devergence?...

[LeroyB3]

He's been right much more then he's been wrong.

Best,

LB

Exactly, I am projecting the price of stamps will go up.....I will never be worng with my projection.....This market has an upward bias, but inflation accounts for all (most) of it.....So what if SnP will be 1500?......The cost of everything will be going up.....The chart that I posted shows how much the internals are lagging behind.....If that is not divergence then what is devergence?...

Airedale,

Did you know that inflation is the reason for your uncanny ability to pick both tops and bottoms? I didn't either. I guess that instead of thanking Hurst maybe you should begin thanking the Fed.



Best,

LB

[kamakazeman]

http://stockcharts.com/c-sc/sc?s=$BPCOMPQ&p=D&yr=0&mn=6&dy=0&i=p17744575227&a=65516045&r=1567.png


A little optimistic with your porjection? We are knida far from new high....

Hmmmmmmmmm,
TP,
you want to consider whether the NASDAQ is really tracking the SnP?
I know, I know, the conventional wisdom is that the junk on the NASDAQ "Leads" the mkt, etc and etc,
Isn't it curious that it's always something ELSE we are supposed to watch to deterimine market directions and the "reasons" why the indexes fluctuate.
Used to be the thursday Fed report in the late 70's and now it's the Fed tuesday meeting or the bond market or oil or gold or the yen, I mean it's hard to keep track!
Sure the NASDAQ is wallowing in bad technicals, except, wait! theres's the tickQ is it? that the one on the NASDAQ that continues to go up-trend?

[airedale88]

He's been right much more then he's been wrong.

Best,

LB

Exactly, I am projecting the price of stamps will go up.....I will never be worng with my projection.....This market has an upward bias, but inflation accounts for all (most) of it.....So what if SnP will be 1500?......The cost of everything will be going up.....The chart that I posted shows how much the internals are lagging behind.....If that is not divergence then what is devergence?...

"If that is not divergence then what is devergence?..."



hmmm, a typo?



i sure hope you don't volunteer to answer phones at a suicide hotline. everyone would kill themselves.