8 replies to this topic

[LarryT]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today. There is also a chance we do not see the low of the week until the open Wednesday. LT d:^)

[arbman]

For a change the equity P/C is still very high and OEX P/C is rather bullish...

[zman]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Larry, what was your web site again please?

[NAV]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Larry,

No disrespect. But, how do we trade this forecast ?

[LarryT]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Larry,

No disrespect. But, how do we trade this forecast ?

You are the trader yo tell me how you would use the knowledge huge resistance is at 1486 and if the low today is above 1453 we know we are heading for 1486. I can see my time is wasted here, over and out.

LT

[NAV]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Larry,

No disrespect. But, how do we trade this forecast ?

You are the trader yo tell me how you would use the knowledge huge resistance is at 1486 and if the low today is above 1453 we know we are heading for 1486. I can see my time is wasted here, over and out.

LT

Sorry, again i respect your analysis. The reason i asked was, you said the low of the week may not be seen till wednesday, which contradicted your statement that if 1453 holds today, we should be long. Are you saying that if we hit 1486 today, we should go short into wed. Honestly, just trying to understand, not wasting your time.

Edited by NAV, 30 July 2007 - 02:16 PM.

[zman]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Larry,

No disrespect. But, how do we trade this forecast ?

You are the trader yo tell me how you would use the knowledge huge resistance is at 1486 and if the low today is above 1453 we know we are heading for 1486. I can see my time is wasted here, over and out.

LT

Sorry, again i respect your analysis. The reason i asked was, you said the low of the week may not be seen till wednesday, which contradicted your statement that if 1453 holds today, we should be long. Are you saying that if we hit 1486 today, we should go short into wed. Honestly, just trying to understand, not wasting your time.

not sure why people who post comments and have a question thrown at them they take it as an attack on their credibility..it's a fair question and if people are going to post good information then have the courtesy to answer a legitimate question...not take it as an attack..

[OEXCHAOS]

Evidently, it's an edgy time. M

[hawkeyefan]

In a normal market cycle this week has an up bias from the low of today. IF and a big IF we close above 1453 today my projection model has 1503 as the weekly projected high for a weak bounce. However when momentum expands like last week the up projection is often not achieved like a normal cycle. I then look at the support resistance model for resistance. I see resistance at 1486 this week from the low we make today.

There is also a chance we do not see the low of the week until the open Wednesday.

LT d:^)

Your analysis here is "spot on". Really should rally from here but of course the length is still in question. I can see your 1503 to get people thinking everything is fine.

There are always alternative counts in every situation. Sometimes I think the market is thinking which way it wants to go and all of sudden decides in a direction.