3 replies to this topic

[Trend-Signals]

Markets are trading at resistances -- SPX 1485 +/-, DOW 12950 +/-, Nasdaq 2532 +/-, and Qs 45.60 +/- upper resistances as shown on the charts.

The positive divergence on money flow which alerted is working out as we see that DOW is now approaching DOW 13000.

Volume will be taping off after the morning spike with gap open. Money flow is showing positive divergences as alerted a week ago.

Breadth is breaking out of down trendline.


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http://www.traders-t...showtopic=69204

DOW Breakout with Positive Divergence in money flow

4/18/2007 11:17:38 AM
DOW is approaching higher/high HOD heading to 12795.93 on 9/20.

$SOX/SMH positive price action is certainly helping and, breaking above the trading range, will confirm the recent market breakout.

http://www.investors...age_id=18890136

http://www.traders-t...showtopic=69052


Money Flow positive divergence with higher/high price actions with markets breaking out.
http://www.investors...age_id=18750334

Risky business to bet against "Breaking out" unless we have evidences showing a failure of "Breakout". So far, price actions are progressively confirming "Breakout Retest" scenario which I commented.

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http://www.stockchar...09398&r=374.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22648394504&a=76929034&r=579.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=3&dy=0&i=p72794457382&a=76929550&r=647.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=3&dy=0&i=p53935525265&a=77295648&r=218.png

[Trend-Signals]

Market gap open is now almost closed.

SMH and $TRANS have shown initial higher/high price actions at the breakout resistances.


http://www.stockcharts.com/c-sc/sc?s=$TRAN&p=D&yr=1&mn=0&dy=0&i=p81785759841&a=65761744&r=415.png

http://www.stockchar...98557&r=872.png

[Trend-Signals]

Low $USD... look at the positive side.


http://www.chicagofe...weak_dollar.cfm


http://stockcharts.com/c-sc/sc?s=$USD&p=D&yr=0&mn=9&dy=0&i=p42425454012&a=90803963&r=163.png

[Trend-Signals]

Market Internals Issues NYSE Nasdaq Advancing 2,296 1,843 Declining 863 1,077 Unchanged 140 148 Total 3,299 3,068 Ratio Advancers to Decliners 2.66 1.71 Market breadth & Volume excellent during mid day