No fuel!
#1
Posted 15 May 2007 - 12:04 PM
#2
Posted 15 May 2007 - 12:43 PM
#3
Posted 15 May 2007 - 12:59 PM
Bears are finally capitulating. They will be squeezed somemore b4 this is over.
Squeezed?
The Rut has topped out and now capitulating with an absurd 38 P/E ratio.
I should not be surpised to see 600/550 area for this index in the coming months
Insider
#4
Posted 15 May 2007 - 01:20 PM
#5
Posted 15 May 2007 - 01:27 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
Posted 15 May 2007 - 01:34 PM
As I've shared with you and others many times before, you can not have a "nasty decline" (or price decay in general) unless you have the dynamics to create such a move to begin with.Be prepared....RUT AND NASDAQ will lead... the nasty decline
No, it isn't.Is a key reversal possible on the S&P futures?
This is just part of a high level price consolidation pattern - aka - a pause to refresh...we are simply working off the excesses created by the rally out of the 9 month lows back in March, and this choppiness should be completed by the middle part of next week with the nesting of the 10 week cycle.
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.
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#7
Posted 15 May 2007 - 01:41 PM
#8
Posted 15 May 2007 - 01:54 PM
As I've shared with you and others many times before, you can not have a "nasty decline" (or price decay in general) unless you have the dynamics to create such a move to begin with.Be prepared....RUT AND NASDAQ will lead... the nasty decline
Fib
Fib,
I am just sharing with you today that "THE TOP IS IN" for most of the indices
The formation of a triple declining top on The Nasdaq Summation, that is rolling over "0" shows a clear MULTIWEEK SELL SIGNAL
....and you can't ignore that we have now a negative seasonal bias
Insider
Edited by Insider, 15 May 2007 - 01:56 PM.
#9
Posted 15 May 2007 - 02:49 PM
Sorry...the market says it still has much more to go to the upside. The Dow internals, for example, have already given upside objectives of 14,300 (95% chance), 15,600 (75% chance) and is currently working on a new price objective of 16,900 (45% chance). So until these targets are either reached or canceled I would suggest keeping my powder dry before calling ANY type of top.I am just sharing with you today that "THE TOP IS IN" for most of the indices
Not necessarily. It all depends on the context of which the Summation Index is measuring. One should also not confuse the secondary marketplace with that of the primary...different rules create different outcomes.The formation of a triple declining top on The Nasdaq Summation, that is rolling over "0" shows a clear MULTI WEEK SELL SIGNAL
Just do yourself a favor....don't be buying anymore "crash puts" until you see at least "A" price top beneath "A" price top in your index of choice.
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
#10
Posted 15 May 2007 - 03:00 PM
Sorry...the market says it still has much more to go to the upside. The Dow internals, for example, have already given upside objectives of 14,300 (95% chance), 15,600 (75% chance) and is currently working on a new price objective of 16,900 (45% chance). So until these targets are either reached or canceled I would suggest keeping my powder dry before calling ANY type of top.I am just sharing with you today that "THE TOP IS IN" for most of the indices
Not necessarily. It all depends on the context of which the Summation Index is measuring. One should also not confuse the secondary marketplace with that of the primary...different rules create different outcomes.The formation of a triple declining top on The Nasdaq Summation, that is rolling over "0" shows a clear MULTI WEEK SELL SIGNAL
Just do yourself a favor....don't be buying anymore "crash puts" until you see at least "A" price top beneath "A" price top in your index of choice.
Fib
In fact.
The context is the SEASONALITY
I expect the NASI falling into -8/900 area in about 2/3 months
Insider