14 replies to this topic

[Trend-Signals]

Market usually pretends da Bernanke sell-off; then, jack up the prices.

His price stability is just "Icing on Cake" - bubblish yum at the moment.

Unless a parade of the Fed members speak like May 2006, remember the Fed member chants to take market down?, this market is addicted "Buying the dips" at the moment.

http://investorshub....age_id=21339560

Qs 48.93 print on stockcharts.com 60m at the moment is a false data

Hopefully, we will not see the same pattern that market consolidates into close and jack up the price. 5m price action is telling what's coming since the last few days, it triggered a buy into close. Let's see whether the pattern changes today. 5m 200ma, 50, resistance, for Qs. e.g. as pivot.

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

Edited by Trend-Signals, 18 July 2007 - 09:40 AM.

[hiker]

SMH inability to move back above 40.20 is telegraphing. SPY inabliltiy to move back above 154.30-.41 is telegraphing. no wait and see for me...just staying short, until a move back up...who knows how far this can go down..it is not what anyone is expecting right now...everyone is in wait and see mode it seems. pardon the liberties taken with "everyone" fyi SMH -2.39% SOX -1.99%, Brokers XBD -2.18%, Banks BKX -1.83% RKH-1.91%, Financials XLF -1.93%

Edited by hiker, 18 July 2007 - 10:25 AM.

[Trend-Signals]

Kissing support is tricky. I'd like to see SPX trading deep below the support.






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

Edited by Trend-Signals, 18 July 2007 - 10:32 AM.

[Trend-Signals]

SPX bounced off lower breakout support near 1535 as shown on the SPX daily chart. Need to see a break below the support. SPX 1535 is also 50ma support on 60m.


So far, we have good volume actions.


http://www.stockchar...00102&r=822.png
http://www.stockchar...00102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$MID&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$SML&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=XLE&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png

[Trend-Signals]

Anyone noticed DAX volatility lately it is showing volatility?

Today, $DAX sold off near 2%

DAX 7,893.61 11:45AM ET Down 144.60 (1.80%)

Lately, the market is having volatile sessions and is showing topping formation for ST as we can see weekly price action momo is weakening.

^ATX ATX 4,830.17 11:35AM ET Down 42.81 (0.88%) Components, Chart, More
^BFX BEL-20 4,568.99 12:07PM ET Down 25.51 (0.56%) Chart, More
^FCHI CAC 40 5,995.97 12:10PM ET Down 103.24 (1.69%) Chart, More
^GDAXI DAX 7,893.61 11:45AM ET Down 144.60 (1.80%) Chart, More
^AEX AEX General 555.63 12:07PM ET Down 5.16 (0.92%) Chart, More
^OSEAX OSE All Share 596.76 10:18AM ET Down 1.63 (0.27%) Components, Chart, More
^MIBTEL MIBTel 32,834.00 11:40AM ET Down 251.00 (0.76%) Components, Chart, More
^IXX ISE National-100 105.22 11:52AM ET Down 0.82 (0.77%) Chart, More
^SMSI Madrid General 1,656.52 11:37AM ET Down 11.03 (0.66%) Components, Chart, More
^OMXSPI Stockholm General 421.42 11:47AM ET Down 2.43 (0.57%) Chart, More
^SSMI Swiss Market 9,074.07 11:31AM ET Down 145.25 (1.58%) Chart, More
^FTSE FTSE 100 6,567.10 11:35AM ET Down 92.00 (1.38%) Components, Chart, More



http://www.stockcharts.com/c-sc/sc?s=$DAX&i=p75413615740&a=66382659&r=1.png

Edited by Trend-Signals, 18 July 2007 - 11:18 AM.