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Monday should be down


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#11 ogm

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Posted 13 July 2007 - 02:48 PM

Buying QID on close. The a/d line is negative today, despite the rally. Calls are being bought in droves. 60 min charts are very overbought.

#12 emdee

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Posted 13 July 2007 - 02:58 PM

From a bigger picture, this look projects to a target of 1556:

http://stockcharts.com/h-sc/ui?s=$SPX...1&listNum=1

Fwiw...Mike


Can somebody tell me how to enter a chart into my response in lieu of a link? TIA

#13 redfoliage2

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Posted 13 July 2007 - 02:58 PM

The DOW 14000 was the target the Wall Street boys and their Washington proxies pre-set up.

The MCO price objective is 14,300, and 15,600 after that.

No other upside price objectives have been given at this time.

Fib

I have a target for DOW 16888 though. :lol:

#14 rkd80

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Posted 13 July 2007 - 03:00 PM

rf2 what is going on with you man. this market is making you bananas.
“be right and sit tight”

#15 espresso

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Posted 13 July 2007 - 03:26 PM

My momo signal is in, Monday should gap down and stay down.
Spesi FF

#16 redfoliage2

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Posted 13 July 2007 - 03:39 PM

rf2 what is going on with you man. this market is making you bananas.

Everybody became irrational on the Street, why I have to remain cool? :lol:

Edited by redfoliage2, 13 July 2007 - 03:40 PM.


#17 relax

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Posted 13 July 2007 - 03:53 PM

what ever happened to a test of 13.000 - let's not forget Bank of Japan and the effect they has last time they hiked rates in february - the market loves to forget and remember again

august 23 - the day where they could hike - a day to remember

and in that connection it would be wrong to forget the Yen, which will come into focus again soon



rf2 what is going on with you man. this market is making you bananas.

Everybody became irrational on the Street, why I have to remain cool? :lol:


Edited by relax_dk, 13 July 2007 - 04:01 PM.


#18 selecto

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Posted 13 July 2007 - 05:31 PM

Brickie, to display a Stockcharts chart, study this.
If you contribute to the site, you can display in a post any image you have saved on your hard drive.
Also, you can upload any image to an image hosting service, and by referencing to it (using the tree icon) it will display in your post.

#19 arbman

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Posted 13 July 2007 - 07:23 PM

Relax, the BoJ will raise the rates in August, it is widely expected, I am not sure it is discounted yet, perhaps all of these rate moves also includes it. Better watch the prices than news at this juncture... Fib I also have the same long term targets...

#20 relax

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Posted 14 July 2007 - 06:57 AM

It was also widely expected back in february, a rising Yen can't help causing some panic

hasn't the latest move up simply been part of the inverse relationship with the dollar

previously the market has also gone up when the dollar had a good drop

the signal i am looking for is the german DAX, a great leading indicator

still hasn't really broken the record from 2000 - and also hasn't closed above the upper bollinger band



Relax, the BoJ will raise the rates in August, it is widely expected, I am not sure it is discounted yet, perhaps all of these rate moves also includes it. Better watch the prices than news at this juncture...

Fib I also have the same long term targets...