5 replies to this topic

[SemiBizz]

The market is saying folks are all worried for nothing. Peace is about to break out. A universal cure for cancer will be announced, the Sheites and Sunnis will embrace and kiss, and that a 60 Gz (Gazillion) bbl oil field has just been found under Kansas...unemployment is going to zero, gold is going to $300, and the Dollar Index is going to 150... I tell ya... it's all BOOOOLISH.

[da_cheif]

us seem dissilusioned about somthin......snort

[jjc]

The market is saying folks are all worried for nothing. Peace is about to break out. A universal cure for cancer will be announced, the Sheites and Sunnis will embrace and kiss, and that a 60 Gz (Gazillion) bbl oil field has just been found under Kansas...unemployment is going to zero, gold is going to $300, and the Dollar Index is going to 150... I tell ya... it's all BOOOOLISH.

You gotta hand it to that FED. What a great job. Those guys are soo smart.

[SemiBizz]

us seem dissilusioned about somthin......snort

this illusion, Dat illusion... it don't matter to me, I just trade this trash. No worries mate...

Edited by SemiBizz, 08 May 2007 - 01:40 PM.

[Russ]

I thought the market was supposed to be 6 mos ahead?, The technicals say we are about to explode, like China

What technicals?

[SemiBizz]

I thought the market was supposed to be 6 mos ahead?, The technicals say we are about to explode, like China

What technicals?

http://bigcharts.mar...&mocktick=1.gif

NASDAQ WEEKLY LONG ABC UP
A - 2012.
..........................519 points
B - 2531
...........................200 points (.382)
C - 2331
...........................519 points
D - 2850 (target)



You can see the long climb to the high, and then a 3 week correction approximating .382(clearly corrective). The high volume weekly low now acts as support. (2359),

(Also posted in my blog)