3 replies to this topic

[eminimee]

Still expecting one more down/up to complete an ED on OEX (but could easily be the "one more high" that never comes) ....and there is another one on UTIL. A few charts:

I use the 34ema of the namo on ndx and same with the nymo on spx. We are in a spot where price can give it up and can give it up quickly. I've boxed an area on the left where we started the plunge into the 06 low on NDX...I think that's what's about to happen now. Once below 1850 the mid fork is target and bounce....I think we will eventually hit the bottom fork.





Click Here to see Full Sized Image



Click Here to see Full Sized Image



OEX...top of 3 or 5.........either way....makes a nice short....



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UTIL.....ED into resistance?






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Click Here to see Full Sized Image



Thanks to Bob Carver for this one...

[TradeMark]

Tea Nice work! Thanks for sharing. I pretty much think declines of over a few hours have been canceled for the remainder of time, but you may be onto something new. TM

[eminimee]

TradeMark....together with the stuff posted and especially spielcheker's tnx:ndx.....things are very interesting here no doubt. We are going to leave this area hard and fast....one way or another.

http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=10&mn=6&dy=0&i=p34583267632&a=98353541&r=2576.png

http://stockcharts.com/c-sc/sc?s=$TRAN&p=W&yr=10&mn=6&dy=0&i=p99351522211&a=34410261&r=4495.png

Edited by Teaparty, 20 May 2007 - 09:40 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$RUO:$RLV&p=D&yr=8&mn=6&dy=0&i=p93235552186&a=92210315&r=6516.png