11 replies to this topic

[Trend-Signals]

Markets bounced off from the low, e.g. Qs 46.1, as alerted, but I am getting a sell signal on major markets after showing negative divergences.

As alerted this morning during premarket, I anticipated a pull back; but, now, I am getting early sell signal. Will reassess after market close.

The last time when I commented on the market signal was during March 5 and 14 double bottom.

I do not think that this is a LT top, and will reassess market actions after close.

Good luck




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




http://www.investors...age_id=19519182

Posted by: __1Best__
In reply to: ahimsa who wrote msg# 836
Date:5/10/2007 12:00:52 PM
Post #of 837

This looks like a vst/ST top here for a pull back. Will reassess after close. Daily price actions are showing negative divergences and the market actions today will likely signal a sell on daily. Will need to take a look after close.

Well done... you did good.


~~~

Posted by: __1Best__
In reply to: ahimsa who wrote msg# 834
Date:5/10/2007 11:53:10 AM
Post #of 835

Qs LOD 46.43 is a trendline support as shown on 60m.

I commented on the market this morning anticipating a pull back. You are thinking the same... Good call.

Making a new low today will lead to 46.10 +/- support which I noted.

Sorry about the kitten and you are doing a fine job. Glad to see that you are talking care of them whenever you can.

Have nice day, my friend!


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Posted by: __1Best__
In reply to: None
Date:5/10/2007 8:48:27 AM
Post #of 834

YHOO is trading up this morning.

Qs support at 46.50 +/-, then breakout support at 46.10 +/-.




http://www.investors...age_id=19518406

Posted by: __1Best__
In reply to: None
Date:5/10/2007 8:08:16 AM
Post #of 834

Good morning, ALL, Futures are -4/-6

$SSEC closing at 4049.70 above 4000 resistance and $KOSPI at 1599.68 with a new high. Those two markets are performing well.

For our markets, $NYA, $OEX, and $RUT closed new highs.

$MID performed strong breaking above the recent consolidation range with a strong gain.

The usual market action after the Fed announcement is reversing the Fed day trading performance.

Good trading

http://www.investors...age_id=19528834

Edited by Trend-Signals, 10 May 2007 - 12:11 PM.

[Trend-Signals]

$SSEC closed above 4000 after breaking above 3050 15 yr trend line resistance as alerted during March 2007.

Also, noted "1000" price action performance after breaking out during 2006 mid year reversal, now, market participants are anticipating 1000 point action after each breakout.

Even though $SSEC closed above 4000, being cautious is a good thing with an overshoot consideration for ST, but as we can see, the breakout from the LT trendline is bullish.

http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=M&st=1991-01-07&i=p41832746448&a=103246091&r=37.png

[Trend-Signals]

Bears need to break Qs 46.10 and 46 today.

So far, Bulls are holding up the support.


http://www.stockchar...09398&r=374.png

[Russ]

In case you didn't see this it was posted by Selecto yesterday.

[Trend-Signals]

In case you didn't see this it was posted by Selecto yesterday.

I didn't see it; however, the momentum of the market is different even though those two are fractal.

$SSEC traded in range for 15 years before it broke out.

Will take a look later.

[relax]

Look forward to your post!

In case you didn't see this it was posted by Selecto yesterday.

I didn't see it; however, the momentum of the market is different even though those two are fractal.

$SSEC traded in range for 15 years before it broke out.

Will take a look later.

[Trend-Signals]

Look forward to your post!

In case you didn't see this it was posted by Selecto yesterday.

I didn't see it; however, the momentum of the market is different even though those two are fractal.

$SSEC traded in range for 15 years before it broke out.

Will take a look later.

Whether $SSEC has the LT top at 4050 +/- to start to form the NASDAQ formation?


"NO", I do not think so, $SSEC 4050 is not a LT top which will fall off from the 4050.

[Trend-Signals]

ALL RIGHT, bulls are holding up the support today, e.g. Qs 46.10, it just tested three times today and bounced up.



Bears need to break 46.10, this is the 3rd time testing this TL support.


Bulls are holding the support today!

http://www.stockchar...09398&r=374.png

[jjc]

I think the odds favor kissing the 20 dma. A smidge more to go down; then rip roar up for a short romp.

[Trend-Signals]

I think the odds favor kissing the 20 dma. A smidge more to go down; then rip roar up for a short romp.

Yes, also need to watch the breakout supports which will be the real bull/bear contest to define the leader.

Qs 45.70 +/- and SPX 1460 +/-.

Like your pic with the little dog.

I am getting a ST sell signal and think that it will hold for ST.

Have a nice afternoon.