SMH - $SOX 7yr resistance & 7mo Trading range
#11
Posted 23 April 2007 - 02:11 PM
Nasdaq does not look like it is breaking out, it is riding right into its long term resist. line.
Eric Hadik is a cycle expert. I posted this info on this board a while back "...360, 180, 90 & 60 degrees from these crucial turning points projects another key turning point on April 16 - 22, 2007. Similarly, a 40-week cycle (low-low-low or low-low-high Cycle Progression) projects a turning point for April 23 - 27, 2007. April 20, 2007 is also exactly 2 years (720 degrees) from the April 20, 2005 index lows...the final several weeks of this period could see a rally to - and retest of - the early-2007 highs."
from... http://www.insiidetrack.com/
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#12
Posted 23 April 2007 - 02:21 PM
Yes, Eric is one of many good cyclists. But the market has been talking very eloquently in this regard for the last 3 years and it suggests that the 9 month (40 week) cycle already bottomed on March 14th...the proof is in the price structure from that point in time.Eric Hadik is a cycle expert. I posted this info on this board a while back "...360, 180, 90 & 60 degrees from these crucial turning points projects another key turning point on April 16 - 22, 2007. Similarly, a 40-week cycle (low-low-low or low-low-high Cycle Progression) projects a turning point for April 23 - 27, 2007. April 20, 2007 is also exactly 2 years (720 degrees) from the April 20, 2005 index lows...the final several weeks of this period could see a rally to - and retest of - the early-2007 highs."
from... http://www.insiidetrack.com/
Cycle work is a funny area of analysis...it works, until it doesn't.
Fib
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#13
Posted 23 April 2007 - 03:38 PM
http://www.stockchar...298551&r=78.png
http://www.stockchar...11142&r=108.png
#14
Posted 23 April 2007 - 04:19 PM
http://www.stockchar...98557&r=872.png
#15
Posted 23 April 2007 - 04:41 PM
The $SSEC very LT formation which pointed out in Mar 2007... and US Weekly price action formation - Fractal/Resemble - The Price Channel which pointed out during Jun-Jul 2006.
http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=0&mn=6&dy=0&i=p02439948996&a=66381250&r=667.png
http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=M&st=1991-01-07&i=p41832746448&a=103246091&r=37.png
Edited by Trend-Signals, 23 April 2007 - 04:47 PM.
#16
Posted 23 April 2007 - 08:04 PM
This is likely to be a problem, as has been posted on Teaparty's post. It is also Eric Hadik's forcasted high date today.
Thanks for sharing the info RUSS funny I did get a Sell Signal for the S&P and the DOW this morning,... I took
the DOW... my signal shows it more over bought compared to the S&P.
NDX and RUT still on BUYS with NDX being strongest.
.. .. ..
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