15 replies to this topic

[Trend-Signals]

Thanks for the comments.


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btw, re Russ on Armstrong

Since Russ is closely following the Armstrong's model, I wonder what he is thinking about China bull market. I think that Armstrong stated that one bull market is at an expense of other market.

Since I don't closely follow his model, I might be misquoting his view.

Having said that, I think that $SSEC bull market is somewhat at the expense of US economy-market since fundamentally we are not as strong as how we appear to be.



Date:4/10/2007 10:12:04 AM
Post #of 171

Qs & SPX: anticipating another narrow range trading before Alcoa earning report in AH. Qs trading near to 44.75 +/- resistance, yesterday HOD.

AA is trading with double top resistance, so will see how market will react to earning report in AH.

Asian Bull market, China made a new high 3444, nearing the next target of 3500.

$KOSPI and $NIKK are comparatively lagging to $SSEC performance.

blasher - sent you emails.

Good trades, ALL

http://www.investors...age_id=18619646


http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=0&mn=6&dy=0&i=p02439948996&a=66381250&r=667.png
http://www.stockcharts.com/c-sc/sc?s=$KOSPI&p=W&yr=3&mn=6&dy=0&i=p75413615740&a=94929938&r=190.png
http://www.stockcharts.com/c-sc/sc?s=$NIKK&i=p75413615740&a=66382662&r=238.png

Edited by Trend-Signals, 10 April 2007 - 02:50 PM.

[fib_1618]

since 1896 the decline into a 4 year low has never been lower than 12.6%.

That may be so, but we are currently dealing with a whole different animal than anything we've ever seen in the past.

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I'm a little confused Trend-Signals...what 15 year overhead resistance line are you referring to at 3050?

Fib

http://stockcharts.com/c-sc/sc?s=$SSEC&p=M&b=3&g=0&i=t95938898320&a=55555212&r=2795.png

[skott]

famous last words. Look at the last 2 vertical moves on that chart.

[Trend-Signals]

Hi D,

This is the $SSEC 15yr TL breakout which I was referring.

Good trades

http://stockcharts.com/c-sc/sc?s=$SSEC&p=M&st=1991-01-07&i=p41832746448&a=103246091&r=77.png

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I'm a little confused Trend-Signals...what 15 year overhead resistance line are you referring to at 3050?

Fib

[fib_1618]

This is the $SSEC 15yr TL breakout which I was referring.

Thanks for the clarification...the horizontal line you drew on your original chart threw me.

Best to you as well.

Fib

[Trend-Signals]

This is the $SSEC 15yr TL breakout which I was referring.

Thanks for the clarification...the horizontal line you drew on your original chart threw me.

Best to you as well.

Fib

Thanks, D

Best to you too! Market is selling off before the Fed Min announcement as noted yesterday to exit long if one is very risk-adverse.

Also noted high P/C ratio this morning:

http://www.investors...age_id=18654636

I will reassess market after the Fed Min and Market close.




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Tuesday, April 10, 2007

Market traded in a narrow range as noted, before the Alcoa earning report.
10:12:04 AM Qs & SPX: anticipating another narrow range trading before Alcoa earning report in AH. Qs trading near to 44.75 +/- resistance, yesterday HOD.

SPX traded to higher/high 1448.73 and Qs to 44.68 to respective resistances as shown on 60m charts. Most of traders weren't expecting the market actions staying in narrow range today as we can see that the price actions shown on 60m are unusual showing no retracement. Note that Qs and SPX intraday actions stay above the break above 3/22 high of cup & handle formations. At this point, if you are not comfortable with staying long, exiting holding position is a good idea.

While major markets are at resistance, NYA traded to new high, breaking above Feb 07 high to 9472.81, as noted that NYA is leading other major markets.

Breadth is improving, but not as strong as I would like to see unless market is on the way to breakout mode which could create volatility buying into the possible breakout. Whether we could see buying pressure into Breakout to new high is questionable. At this point, it is wise to be cautious as we could see a market pull back during OE week.

Market reaction to Alcoa report in AH was positive which is a good start of Q1 earning season.

http://www.investors...age_id=18649003