5 replies to this topic

[Trend-Signals]

Breadth is showing "Major Bottom".

http://www.traders-t...showtopic=73479

We could see $SSEC pattern after the big sell-off.

Market is screaming or

So far, it is until proven otherwise.

http://www.stockcharts.com/c-sc/sc?s=$NAMO&p=W&yr=5&mn=5&dy=0&i=p31247762430&a=84024263&r=425.png
http://www.stockcharts.com/c-sc/sc?s=$SPXA50&p=W&yr=4&mn=0&dy=0&i=p74476456807&a=68421789&r=45.png
http://www.stockcharts.com/c-sc/sc?s=$NYSI&p=M&yr=9&mn=0&dy=0&i=p77564893476&a=60493436&r=716.png
http://www.stockcharts.com/c-sc/sc?s=$NAHL&p=D&st=2002-01-01&i=p67875111512&a=62867877&r=402.png
http://www.stockcharts.com/c-sc/sc?s=$NAHL&p=W&st=2002-01-01&i=p61932012244&a=79199535&r=688.png
http://www.stockcharts.com/c-sc/sc?s=$NYHL&p=D&st=2005-01-01&i=p32524044294&a=62867876&r=823.png
http://www.stockcharts.com/c-sc/sc?s=$NYHL&p=W&st=2002-01-01&i=p86149534835&a=62867878&r=761.png
http://www.stockcharts.com/c-sc/sc?s=$NYLOW&p=W&st=2002-01-01&i=p51359800370&a=62867881&r=781.png
http://www.stockcharts.com/c-sc/sc?s=$RHCOMPQ&p=D&yr=5&mn=6&dy=0&i=p58057354694&a=93028524&r=888.png
http://www.stockcharts.com/c-sc/sc?s=$RHNYA&p=D&yr=10&mn=11&dy=0&i=p69974490394&a=93029316&r=751.png


$SSEC pattern after the big sell-off.

http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=0&mn=6&dy=0&i=p02439948996&a=66381250&r=667.png

Edited by Trend-Signals, 28 July 2007 - 05:38 PM.

[JAP]

TS, just wanted to say thanks for all your brilliant TA. It is very in depth and informative. I look forward to reading all of your posts and I appreciate your insight... Thanks!

[Trend-Signals]

Thanks

$NIKK breakout target looks to be 20000 +/-

http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=M&st=1991-01-07&i=p41832746448&a=103246091&r=37.png
http://stockcharts.com/c-sc/sc?s=$NIKK&p=M&st=1985-01-07&i=p35139793061&a=113137360&r=539.png

[arbman]

There were two sell off spikes in the weekly NYLOW in April 2004. So, the bottom might come early this week, especially if the indices do not rally from the open on Monday. What I am trying to say is they closed really poorly on Friday and there is still a chance to shoot below the 200 dma on Monday morning and really flush the bullishness here, I am pretty sure many are keying off the 200 dma. I am looking for SPX 1437 or so for the low, as I said, unless Monday rallies furiously from the open. I am not sure a doji would work on Monday, it would be another bearish harami for Tuesday probably. Good luck...

Edited by kisacik, 28 July 2007 - 08:03 PM.

[Trend-Signals]

The last two day sell-off was controlled sell to create panic. The news was nothing new, so hoping for crash, as some do, is out-of-question. What you have described is a reasonable scenario. The sell-off which we have seen during the last week was to create oversold condition as well as resetting negative divergences. At this time, I don't see "Screaming Bear Market". Good luck to you too. SPX 6.18% DOW 5.32% Nasdaq 5.92% Qs 5.17% $Tran 8.14% $NYA 7.03% $MID 7.31% $OEX 5.71% $RUT 9.28% $SOX 8.48%

[arbman]

I agree a bear market from right off the top is unlikely, this range will have to be exhausted first. The severe sell off did reset the divergences, so I don't know about the controlled part, but the last new highs were indeed rejected...