10 replies to this topic

[hiker]

1548 minor horiozontal on SPX cash has held so far 200sma on SPX 5min has held on nearby test 15 min is on prelim sell 60 min remains on buy..but price alone says sell signal, since MA's lag above is based on MA's and price only and is changing while posting this

[redfoliage2]

1548 minor horiozontal on SPX cash has held so far

200sma on SPX 5min has held on nearby test

15 min is on prelim sell

60 min remains on buy..but price alone says sell signal, since MA's lag

above is based on MA's and price only

and is changing while posting this

I'm still waiting for DJIA to get to 14K.

[ChickenLittle]

RE: 14K It's similar to 10K back in 1999-2000. It either stops short or blasts through it. Whatever it has to do to make us wrong.

[hiker]

a/d and other internals confirming this decline is for real and may last..for now. whipsaw may be in play, but it looks like sellers are taking control for the moment/ by the way, briefing.com Active Trader sub. called this setup from the first hour of the day..citing some observations why caution or shorting may be the way to go...it is worth the $300 plus per mo. for a sub

Edited by hiker, 16 July 2007 - 01:05 PM.

[LarryT]

a/d and other internals confirming this decline is for real and may last..for now.

whipsaw may be in play, but it looks like sellers are taking control for the moment/

by the way, briefing.com Active Trader sub. called this setup from the first hour of the day..citing some observations why caution or shorting may be the way to go...it is worth the $300 plus per mo. for a sub

This is wave 4 from the 1506 low. Should be completed by late afternoon Tuesday then rally to the 1563 plus or minus 3 pts target for wave 5.

LT d:^)

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p30626442827&a=89308538&r=6697.png

[arbman]

I think the averages should pull back, but if not, it will slightly march higher and correct sharply on Friday. The more it reverses and goes higher, the more equity P/C will go lower I think... The money thrown at the equity calls is now insane and consistent with prior sharp pull back levels...

[hiker]

so far, SPX support 2 at 1544 has held... OTOH, Friday's close at 1552.46 "feels" (but does not actually look far away)...time will tell if this is merely whipsaw.

Edited by hiker, 16 July 2007 - 01:39 PM.

[ogm]

My 60 min summations have rolled over to the downside. Daily summations will probably roll over today too. NYSE MCO looks like making a divergent lower high. The whole internal structure of this rally frankly stinks. Summations never went into strong up move, and looking very wobbly, despite market climb.

[arbman]

RUT never saw the black ink today...