7 replies to this topic

[rkd80]

the $NAUD is at its low levels (where it was Thursday) the spx:vix is bouncing off it's lower BB. ndx:vxo is still doing OK and that was indicative of today's ndx strength. Are you entertaining the possibility of a Friday-like rally sometime this week?

[Tor]

Also, Dev any idea how far we may bounce up from here before going down again? My thoughts are that the market is testing the previous low point here, before maybe (just maybne) resuming up again.

[Mr Dev]

Thanks guys,,...before I go into to chartology.

Remember when I was expecting a minimum ~200 on the hook,.....and then when I said ~400 might do it..for a bounce?

I also said at that time that I would re-short because the ~ 400 was 2 /thirds of the decline I was looking for.

Now we're about what....MariaB just said ~450. off the highs....I better dbl check her......so we have about

another ~150 DOW points to go....before I would consider oversold levels based on that earlier pullback projection.

Now I do expect we could take our time getting there,....because we have NOT entered into a "momentum

phase" down turn on the charts......but we are getting closer everyday.



If we do hit the momentum area before any substantial bounce ,.....then my lil Crash warning will have looked

brilliant because we would be putting in some substantial lower moves on the already ~600.



I'll look into the charts later.... busy now getting the maids out of here... as I had the house done before the

family gets back from Hawaii.

And this way they'll never see the bachelor mess I made.

the $NAUD is at its low levels (where it was Thursday) the spx:vix is bouncing off it's lower BB.

ndx:vxo is still doing OK and that was indicative of today's ndx strength. Are you entertaining the possibility of a Friday-like rally sometime this week?

Don't forget to check the CPC as well..

Edited by Mr Dev, 12 June 2007 - 05:04 PM.

[Russ]

Had trouble with this chart which is your formula but the wedge at the bottom (somewhat cut off) looks to be finding some support. What do you think?

[Mr Dev]

Also, Dev any idea how far we may bounce up from here before going down again?

My thoughts are that the market is testing the previous low point here, before maybe (just maybne) resuming up again.

How hi,... not sure if we can put in another 1%-1.5% move up,.. but the question remains,... then what ?

We should bounce tomorrow,.. should.......as todays shorts with tight stops will cover,... if you can think in

terms of cycles in a way,.. I ask what happens after then next batch of covering is done with and folks start

shorting and selling again.?

Seems like another down day is in the future to me. We may have to live thru another Spike Up tho.

Had trouble with this chart which is your formula but the wedge at the bottom (somewhat cut off) looks to be finding some support. What do you think?

Ok chart-ology has started early......now I consider that trendline to break and here is why,.. considering you

now have confirmed H&S formations that have been developing for a few days now you can measure it for the

potential lower target,.. and tell me what you get.

The Rut is challenging the break of the Neck Line first,... everything I have worked on technically for weeks

says it is going to break, ...that goes for every index.

I'll be back after I look at some charts today.... I really have not seen my charts all day!

best

Edited by Mr Dev, 12 June 2007 - 05:14 PM.

[Mr Dev]

PS. working weeks ago,.. of course I couldn't see the H&S coming,..but now that it is here,...it fits right in and makes perfect sense.

Edited by Mr Dev, 12 June 2007 - 05:36 PM.

[Russ]

Here's a better chart of the Namo and someone else last march posted the other chart (underneath the 1st) which I cannot figure out to replicate, my 34 ema on the namo looks totally different.

Edited by Russ, 12 June 2007 - 06:09 PM.

[rkd80]

Hey Dev,

the CPC chart just doesnt make much sense. Using your BB settings the ratio spikes way above and out of the bands and to draw any kind of meaningful analysis for me is hard. Perhaps you can walk me through this:

http://stockcharts.com/h-sc/ui?s=$CPC...2&listNum=3

The $NAUD stuff is amazing and is right on the money with short term sell/buy signals, but the CPC got me well past confused.

check it out:

http://stockcharts.com/h-sc/ui?s=$NAU...6&listNum=3

for others, i drew in vertical sell/buy signals, but got lazy and could have done more. you get the idea i am sure.