4 replies to this topic

[Russ]

Dow refused to close its feb. gap by a few points, doji's for 2 days, vix is coiled and ready to go up and close its gap @ 14.50, volume has collapsed, oex put buyers have stepped up to the plate while stock option buyers think nirvana is around the corner, es is falling already after the bell on volume.

Edited by Russ, 10 April 2007 - 03:24 PM.

[Trend-Signals]

Dow refused to close its feb. gap by a few points, doji's for 2 days, vix is coiled and ready to go up and close its gap @ 14.50, volume has collapsed, oex put buyers have stepped up to the plate while stock option buyers think nirvana is around the corner, es is falling already after the bell on volume.

Hi Russ,

Please take a look at my question below.

http://www.traders-t...showtopic=68811

Also, my comment below on market.

DOW, Nasdaq, and SPX are at intraday resistances and weekly TL resistances, in addition to gaps.

I didn't notate the minor weekly resistances which I am referring to though, but I am giving more weight to the TR resistances over filling the gap in this case.

Thanks and Good trades

http://www.investors...age_id=18639902

[Russ]

Hi Russ,
Please take a look at my question below.

http://www.traders-t...showtopic=68811

Also, my comment below on market.

DOW, Nasdaq, and SPX are at intraday resistances and weekly TL resistances, in addition to gaps.

I didn't notate the minor weekly resistances which I am referring to though, but I am giving more weight to the TR resistances over filling the gap in this case.
Thanks and Good trades

Hi TS,

I have an HUI low post on the gold board for a low this week, it could be this week or next. I am not sure about a low this summer at this time. It looks like earning reports are going to be a problem right now.

Russ

[Trend-Signals]

Hi Russ,
Please take a look at my question below.

http://www.traders-t...showtopic=68811

Also, my comment below on market.

DOW, Nasdaq, and SPX are at intraday resistances and weekly TL resistances, in addition to gaps.

I didn't notate the minor weekly resistances which I am referring to though, but I am giving more weight to the TR resistances over filling the gap in this case.
Thanks and Good trades

Hi TS,

I have an HUI low post on the gold board for a low this week, it could be this week or next. I am not sure about a low this summer at this time. It looks like earning reports are going to be a problem right now.

Russ

Thanks, Russ, for your thought on the Mid-year low.

About the question which I am referring to:

I was referring to my post at 3:47 PM which I posted it again.



3:47 PM

http://www.traders-t...showtopic=68811


~~~

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 - 03:52 PM.

[Russ]

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.

Armstrong's model tracked where international capital flows. Right now the US and China have a symbiotic relationship, if China pulls the plug on the US's debt then China will see its exports suffer, at some point though the shift will happen whether either country wants it to and Rome will be in trouble.

Edited by Russ, 10 April 2007 - 04:02 PM.