http://stockcharts.com/c-sc/sc?s=$XMI&p=D&b=5&g=0&i=p11111312712&r=7016.png
Major Market Index
Started by
Russ
, Jun 01 2007 09:04 AM
3 replies to this topic
#1
Russ
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Posted 01 June 2007 - 09:04 AM
"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/
"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/
#2
fib_1618
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Posted 01 June 2007 - 10:09 AM
Most of the components have yet to make new highs.
The top 5 weights are: IBM, MMM, XOM, CVX, MO.
Money has been flowing into tech of late, so no real surprise.
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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#3
peregrine
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Posted 01 June 2007 - 10:32 AM
Money has been flowing into tech of late, so no real surprise.
Fib
I had been starting to doubt the shorter term bullish case until the NAMO popped up to a new bull flag (minor term basis) on 5/22/07.
Having now surpassed that flag, the NAZ is leading...but it will be wise to watch the NAZ breadth numbers for any deterioration. They really need to stay strong here for a bit to sustain the rally.
#4
Russ
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Posted 01 June 2007 - 12:18 PM
Most of the components have yet to make new highs.
The top 5 weights are: IBM, MMM, XOM, CVX, MO.
Money has been flowing into tech of late, so no real surprise.
Fib
A number of those stock are looking pretty toppy, you can draw long term multi-year trendlines across the tops including NDX.
http://stockcharts.c...1619&r=1236.png
http://stockcharts.c...0111&r=7493.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=W&b=5&g=0&i=p53632391619&r=5714.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/
"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/
