16 replies to this topic

[The End]

It was the previous high in February, The 45 sma is approaching that number and should be there by the end of next week. It's also pretty darn close to the .382 retrace for the move from the low in March to the high yesterday.

Edited by The End, 10 May 2007 - 10:35 AM.

[beardown]

here we go everyone looking to buy 1460 area

[The End]

here we go everyone looking to buy 1460 area

Did I mention that I was going to buy 1461? I am short and looking to cover there.

[Russ]

Are you looking for new highs after reaching your target next week? I think we have seen the high and will now go down into June 14-15.

[The End]

I think it is very possible that we see new highs, yes. The idea that the 18 month cycle bottomed in March leads me to further @ss-u-me that we work higher after a drop.

[dharma]

hey end, good to see ya! dharma

[The End]

Good to be seen dahrma. I hope all is well with you.

[Russ]

In one of the fastest rises in the history of the stock market and with the daily macd turning negative, I strongly doubt a one week correction is going to be the end of it, a bounce up after next week perhaps. It may not roll over as fast as you are predicting.

I think it is very possible that we see new highs, yes. The idea that the 18 month cycle bottomed in March leads me to further @ss-u-me that we work higher after a drop.

Edited by Russ, 10 May 2007 - 11:31 AM.

[The End]

In one of the fastest rises in the history of the stock market and with the daily macd turning negative, I strongly doubt a one week correction is going to be the end of it, a bounce up after next week perhaps. It may not roll over as fast as you are predicting.

I think it is very possible that we see new highs, yes. The idea that the 18 month cycle bottomed in March leads me to further @ss-u-me that we work higher after a drop.

True enough. The 45 day cycle will be 45 days along late next week. I am working off the premiss that it bottoms on time. It can certainly extend.

[Mr Dev]

I use to have,...maybe still do if they're around,...my Chart Book stored over at MyCHarts under the name ..The End. But that goes way back to about 03-04, I still like the name tho.