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Market Running on Fumes

Started by Russ , May 17 2007 11:50 AM

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8 replies to this topic

#1 Russ

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Posted 17 May 2007 - 11:50 AM

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&b=5&g=0&i=t14286154761&r=5504.png

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/

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#2 da_cheif

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Posted 17 May 2007 - 12:38 PM

dont lite a match....lol

http://twitter.com/don_wolanchuk

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#3 Mtrader

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Posted 17 May 2007 - 12:59 PM

You already got the pull back. 13750 BABY

You are on your own. This is for demonstration only.
JV

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#4 bullishnot

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Posted 17 May 2007 - 01:33 PM

Dow 13200 shortly...

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#5 Mtrader

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Posted 17 May 2007 - 02:19 PM

There's correction. Straight to 13750. With this kind of bullishness, I better raise it to 14020.

You are on your own. This is for demonstration only.
JV

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#6 Russ

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Posted 17 May 2007 - 04:54 PM

....................???????????????

Edited by Russ, 17 May 2007 - 04:55 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/

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#7 qqqqtrdr

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Posted 17 May 2007 - 08:32 PM

If you look at McClellan, and the negative divergence, there is almost always a dip that will hit at least -50 during a sell-off. Also, if it hits -75, it is almost always a short term buy, followed by a sell once -25 - 0 is reached. If the second sell-off for a double bottom on NYSE price shows positive divergence it is a buy. Currently we have negative divergence so McClellan is still showing the Indices are a short term sell until McClellan gets over sold itself. Barry