14 replies to this topic

[Trend-Signals]

Voting for 9mo cycle low in Sept/Oct 2007:

Will see whether market wants to squeeze out SPX 1550 with sickly breadth.

Good trades ALL


~~~


Major and meaningful breakout is SPX 1550 LT resistance. I commented on round number breakouts back in Sept 2006, 1000k advancement for DOW.

3mo consolidation into Sept/Oct to reset negative breadth which I commented during the last several days is reasonable instead of squeezing the major SPX breakout. That will set up for nice buying opportunities instead of setting up for "Doomed house" formation melt down scenario.

The current pushing up is setting up for "Doomed House" melt down formation scenario advancement.

My outlook is based on 4yr cycle low in Jun-Jul 2006 into 8yr up cycle scenario which is healthier scenario than Doomed house melt down scenario.

Sept/Oct 2007 low will set up for 9mo cycle low after Mar 07 9mo cycle low. Mar 07 9mo cycle low came late; therefore, Sept/Oct 2007 9mo low is reasonable.

http://investorshub....age_id=21333606

Edited by Trend-Signals, 18 July 2007 - 08:15 AM.

[hiker]

what ETF's or equities are you presently short? two I am short are SMH entered yest, and FCX entered the 13th...FCX needs to show that yest price action was more than a gap fill.

Edited by hiker, 18 July 2007 - 08:21 AM.

[Trend-Signals]

Correction: 1000k meant to note 1k

what ETF's or equities are you presently short?

two I am short are SMH entered yest, and FCX entered the 13th...FCX needs to show that yest price action was more than a gap fill.

I mainly post comments on major market and big caps since individual stocks can be pushed around by hedge funds and time consuming.

vst short on major market ETFs; however, since the trend is still up in bullish price actions, need to be careful.

Dips are bought so until the sentiment changes, trade accordingly.

You know buy the dips and whack all rallies.

Edited by Trend-Signals, 18 July 2007 - 08:28 AM.

[hiker]

FCX 90.61 horizontal off July 9 was first cover spot SMH needs to move above 40.50-.75 for me to want to cover...who knows, anything can happen with the semi's right now shorting SPY 154.50 right here may have some merit, if tight risk manage.

Edited by hiker, 18 July 2007 - 08:46 AM.

[hiker]

short SPY 154.70 area...stop .88/92 see price action vs 200sma on 15min and 5 min

Edited by hiker, 18 July 2007 - 08:55 AM.

[Trend-Signals]

Need to see a break below the recent breakout support bounce - below SPX 1540 - refer to SPX 60m chart.


http://www.stockchar...09398&r=568.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22232131775&a=76929034&r=724.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=3&dy=0&i=p72794457382&a=76929550&r=647.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=3&dy=0&i=p53935525265&a=77295648&r=218.png

[hiker]

any chance you will let us know when you cover what short positions you have that are "vst"? so we can see how you trade based on these market direction updates btw, 154.75 to .82 SPY looks like such an obvious stop location, I will not be surprised if a stop gunning excercise attempts that area before the day is out.

Edited by hiker, 18 July 2007 - 09:01 AM.

[Trend-Signals]

for intra/day trading you would covered at the low 49.84 +/- Qs, e.g. near pre/post market pivot setup near 30m 50ma when SPX hit the low. You know buy at support and sell at resistance. Volatile days like today, you find time to post entry/exit ? I don't do that. I post my comment when I find the time. Qs 50.03 is resistance refer to 1m set up, e.g. with "M". I expect consolidation, then, expand intra range later.

[hiker]

153.30'S horizontal may be next downside tgt..already tested and held in the 7 to 8a.m. early session today...I have lowered stop to take me out SPY short if it comes back up.

[ogm]

Bernanke definitely not helping. More concerns about inflation, housing slump to take longer then expected, economic growth to slow to below trend for the next 18 month..... thats what Bernanke is saying to congress. darn Bernanke keeps raining on the parade.