8 replies to this topic

[eminimee]

http://stockcharts.com/c-sc/sc?s=$NASI&p=D&yr=2&mn=0&dy=0&i=p12768577646&a=36757921&r=9423.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=10&mn=6&dy=0&i=p34583267632&a=98353541&r=2445.png

http://stockcharts.com/c-sc/sc?s=$TRAN&p=W&yr=10&mn=6&dy=0&i=p99351522211&a=34410261&r=8429.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1980-06-01&i=p40040127343&a=60339873&r=3008.png

[PorkLoin]

Teaparty, thank you. Charts of beauty, and those trendline hits are amazing. On that $NASI, for short and medium term bullishness, I do think it needs to stay with its little recent uptrend here. Perhaps the $NASI has had a six-month correction itself. Otherwise, yeah - turn down below zero line look out.... Best, Doug

[mss]

TP, There you go again, working too hard and making all those good useful charts. THANKS,

Edited by mss, 01 June 2007 - 06:59 AM.

[Tor]

NASI was going down while market going up, it seems rather tricky indicator to use. Good trading.

[eminimee]

Tor..that's true..it's just another form of divergence and divergence doesn't matter until it does. (if that makes sense) I've just boxed two areas that may be similar to what may happen now....in other words....a turn down anytime now may just kick in "the divergence does matter now" thing.

[briarberry]

cheers Teaparty I think the OEX charts have been very useful, thanks as if by magic - another rabbit out of the hat 2007 Net Birth/Death Adjustment May 203K nonfarm payrolls 157K

[thespookyone]

Great charts, as usual, Teaparty. A headfake above those trendlines today should cause enough bullish froth to finally get a much needed correction on this market. We did have good news in the jobs number, after all, UH OH, good =bad. Once enough people are commited long, the profit on the short side will be too much for the large players to ignore-and my bet is they start to "bring it" We don't seem to have consolidated enough for another leg up here, and the divergences are growing-and need to be worked out. Spooky

[eminimee]

Possible ED...

5=1@707 fwiw




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[eminimee]

the question is...is 4 finished?....either we top a 5 this morning or soon..... or have a c of an expanded flat to go before 5 up.





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