8 replies to this topic

[Mr Dev]

My 10m chart of the SPX is at a crucial crossing point,...and unless they can spike the futures much higher before

the open ... there should be a very swift decline.

Another great chance for bulls to buy,.. but heck any bull

should already be fully invested in this kind of market, as it doesn't get sweeter...this was the bread and butter
run.

I also have a buy pattern on the VIX ,...as a matter of fact it is the same type of buy pattern that showed itself

on the Russel four days ago.

So trade safe and partake in some kwan.

( A closer check of the signal shows it has just triggered by +.01 and the DOW by +.02)

Edited by Mr Dev, 22 May 2007 - 10:17 PM.

[Russ]

Here's something I put in my other post of interest in case you missed it... I am also following the Fortucast Financial Timer newsletter right now and their analyst Mark Berkowitz is looking for a rally up to ES 1538.25 unless it breaks below 1521 in which case they would be sellers of rallies as that would indicate 5 wave up from March have completed. If the market holds above 1521 they ultimately would be looking at 1555-1560 SPX for a cycle top by June 4-5.

Edited by Russ, 22 May 2007 - 10:59 PM.

[Rogerdodger]

Mr. Dev, I think there may be bad data on the $VIX.
http://stockcharts.com/c-sc/sc?s=$VIX&p=5&yr=0&mn=0&dy=2&i=p85820092449&a=107478285&r=5840.png

[Russ]

Yahoo's chart confirms that bigcharts and stockcharts have bad data...

http://ichart.financ...z=m&a=v&p=s.png

[Mr Dev]

Thanks for the heads-up guys

I was actually seeing a VXN chart not the VIX,..and the set up is still there.


I like to play bounces off the BOLLIs on this chart

Disregard the 50ma I don't use it.

The S&P pattern is also still there,..its an oscillator pattern that I explained Feb 26th with a Dow chart as being very bearish.

I'm not anticipating anything more than.. what it should do ...and that's follow thru,...but there's always that chance of failure.

Edited by Mr Dev, 23 May 2007 - 12:21 AM.

[eminimee]

Click Here to see Full Sized Image

[BigBadBear]

Thanks Dev, Looking to go short at the open.

[eminimee]

Click Here to see Full Sized Image

[Mr Dev]

For you history buffs that do your homework of my threads,...and I know you guys are out there from all the

emails... here is a chart Update on the market reaction today.