Jump to content



Photo

In the land of happy parabolas


  • Please log in to reply
5 replies to this topic

#1 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 20 April 2007 - 02:28 PM

Is the leading parabola cracking ? Or can it go even more extreme ?

Yes yes, we all know about endless growth of China, printing presses, abundunt liquidity and so on... I'm talking technicals.

Posted Image

Edited by ogm, 20 April 2007 - 02:29 PM.


#2 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 10,963 posts

Posted 20 April 2007 - 02:32 PM

at 4000 they called it a dangerous parabolic back in the 90s.....i mean some big name gurus......it went on to triple.........eeeee eye eeeee eye ohhhhhhhh

#3 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,145 posts

Posted 20 April 2007 - 02:35 PM

Is the leading parabola cracking ? Or can it go even more extreme ?

I guess the answers you might be looking for will be given on May 1st?

In any event, there's still an upside price objective given on 12/1/06 for the AMEX of 2280 to fulfill. From there? Only the shadow knows!

Fib

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#4 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 10,963 posts

Posted 20 April 2007 - 02:39 PM

Is the leading parabola cracking ? Or can it go even more extreme ?

I guess the answers you might be looking for will be given on May 1st?

In any event, there's still an upside price objective given on 12/1/06 for the AMEX of 2280 to fulfill. From there? Only the shadow knows!

Fib




yes.....they call me MR. Cranston.

Lamont that is......

http://tbn0.google.c...004-Darkman.jpg

Edited by da_cheif, 20 April 2007 - 02:41 PM.


#5 chris

chris

    Member

  • Traders-Talk User
  • 172 posts

Posted 20 April 2007 - 03:09 PM

No Monthly divergence yet in the RSI. Keeps making higher highs.

Posted Image

#6 relax

relax

    Member

  • Traders-Talk User
  • 2,224 posts

Posted 20 April 2007 - 03:15 PM

The negative divergence the arrow points at shouldn't be given too much importance - the negative divergence before that was followed by a period of massive gains

CPI and PPI - look at the impact these figures have had on the technicals - this tells me too keep watching CPI and PPI

next time is may 11th and 15 th


Is the leading parabola cracking ? Or can it go even more extreme ?

Yes yes, we all know about endless growth of China, printing presses, abundunt liquidity and so on... I'm talking technicals.

Posted Image