Beep Beep Beep
#1
Posted 25 July 2007 - 08:34 PM
http://stockcharts.com/h-sc/ui?s=$NYH...id=p68926463211
#2
Posted 25 July 2007 - 09:08 PM
Back up the truck and start loading longs or forever hold your peace
http://stockcharts.com/h-sc/ui?s=$NYH...id=p68926463211
So you think that huge expansion of new lows, while the large cap indexes are near all time highs is a good thing ?
#3
Posted 25 July 2007 - 09:42 PM
#4
Posted 25 July 2007 - 10:07 PM
Thanks for pointing this out.
In recent history this has produced good buying oppurtunities around the -.10 level.
Back in the late 90's it was a little more "hit and miss". When it failed in 98' we lost about 12% in 3 days.
The position of the NYSE MCO was also similar.
I am going to wait until the dust settles.
[attachment=5777:attachment]
According to the chart in 98 the mkt had already broken its uptrend, WE havent broken any significant moving averages yet in the current mkt
#5
Posted 25 July 2007 - 10:25 PM
Thanks for pointing this out.
In recent history this has produced good buying oppurtunities around the -.10 level.
Back in the late 90's it was a little more "hit and miss". When it failed in 98' we lost about 12% in 3 days.
The position of the NYSE MCO was also similar.
I am going to wait until the dust settles.
According to the chart in 98 the mkt had already broken its uptrend, WE havent broken any significant moving averages yet in the current mkt
Look at the 5% index of the MCO summation back to '98. The level we are at now was a short term bottom AS LONG AS the trend was intact. So, more down? possible, short term bottom -likely
GD
#6
Posted 25 July 2007 - 10:46 PM
Edited by Caduceus, 25 July 2007 - 10:49 PM.
#7
Posted 25 July 2007 - 11:22 PM
#8
Posted 26 July 2007 - 08:28 AM
Back up the truck and start loading longs or forever hold your peace
It may be difficult to back up a truck rolling downhill with no brakes.
Edited by Iblayz, 26 July 2007 - 08:30 AM.