6 replies to this topic

[Tor]

I dunno, maybe I HAVE become too bullishly biased (I wasnt long going into this, rather positing some upside targets in due course), ut we still hold the 50 dma for now. Price is saying not much and we appear to my eyes to be in a range overall, a high level one at that.

[relax]

yields dropped to 5.14 - what happens when yields go back up to 5.20ies

only thing bulls have going for them is E O Q

I dunno, maybe I HAVE become too bullishly biased (I wasnt long going into this, rather positing some upside targets in due course), ut we still hold the 50 dma for now. Price is saying not much and we appear to my eyes to be in a range overall, a high level one at that.

[Insider]

As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA

This means that the door is open

more to go!....1460/1440 next

Insider

[relax]

Exactly but actually I see support if you draw a trendline from the top in march 2004 so that it hits the top in febuary 2007 - this line was tested two weeks ago and last week and this week

I don't see a break - you with me?

so it's tried for three weeks in a row, so maybe we some weeks up

but ultimately I see things going lower because of the yields and Bank of Japan

As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA

This means that the door is open

more to go!....1460/1440 next

Insider

Edited by relax_dk, 22 June 2007 - 02:55 PM.

[Insider]

Exactly but actually I see support if you draw a trendline from the top in march 2004 so that it hits the top in febuary 2007 - this line was tested two weeks ago and last week and this week

I don't see a break - you with me?

so it's tried for three weeks in a row, so maybe we some weeks up

but ultimately I see things going lower because of the yields and Bank of Japan

As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA

This means that the door is open

more to go!....1460/1440 next

Insider

The 1-2-3 tops (formed in that way)... with the triple knock-knock is ugly... very bearish configuration

A small bounce off is possible but with no follow thru....simple the last pathetic bull attempt... before the freefall

Scary week is coming

CHART HERE

Insider

Edited by Insider, 22 June 2007 - 03:06 PM.

[relax]

1.400 is my next projection, but maybe 1.440 will do it

but connecting tops from beginning of 2005 with tops at the beginning of 2006 and bottom from march of 2007, you get support at 1.400

any gain next week will be sold - a gain could go to 1.513 area, which is 50 per cent of the drop from 1.540 to 1.487

Cheers enjoy da weekend ;-)

Exactly but actually I see support if you draw a trendline from the top in march 2004 so that it hits the top in febuary 2007 - this line was tested two weeks ago and last week and this week

I don't see a break - you with me?

so it's tried for three weeks in a row, so maybe we some weeks up

but ultimately I see things going lower because of the yields and Bank of Japan

As I wrote on my post below...this is the third "Knock Knock" on the 50 SMA

This means that the door is open

more to go!....1460/1440 next

Insider

The 1-2-3 tops (formed in that way)... with the triple knock-knock is ugly... very bearish configuration

A small bounce off is possible but with no follow thru....simple the last pathetic bull attempt... before the freefall

Scary week is coming

CHART HERE

Insider

[Tor]

Frankly I see very little technical damageon higher timeframes.I still think the bears are overlyworried. Will see, but look at spx at 50 dma and the support 1500. friday down and as the addage goes, two days of fear for the price of one. Still in a range overall. Finally, I see macd at the point where it can reverse. so we leave the week at support overall. Have a great weekend!!