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Monday's rally, Youmast's low


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#1 Rogerdodger

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Posted 04 August 2007 - 01:38 PM

I just can't believe that THE low is here or near.
Maybe I'll be fooled by mother market.
Sentiment Friday would support a bounce Monday.
Youmast is looking for a bottom on the 8th which would fit the 2004 action.
1410 had a bit of congestion in March/April and might be a magnet sooner or later.
Posted Image

Edited by Rogerdodger, 04 August 2007 - 02:32 PM.


#2 Frac_Man

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Posted 04 August 2007 - 01:46 PM

fyi, this is also what I am looking for :) :)









I just can't believe that THE low is here or near.
Maybe I'll be fooled by mother market.
Sentiment Friday would support a bounce Monday.
Youmast is looking for a bottom on the 8th which would fit the 2004 action.
1410 had a bit of congestion in March/April and might be a magnet sooner or later.
Posted Image



#3 nicolasillo

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Posted 04 August 2007 - 01:56 PM

fyi, this is also what I am looking for :) :)









I just can't believe that THE low is here or near.
Maybe I'll be fooled by mother market.
Sentiment Friday would support a bounce Monday.
Youmast is looking for a bottom on the 8th which would fit the 2004 action.
1410 had a bit of congestion in March/April and might be a magnet sooner or later.
Posted Image


You mentioned something about Black Monday in one of the posts and in another that you are coming back on Wed. So, are you expecting a Black Monday or the slide to resume from Wed?
Thanks

#4 Rogerdodger

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Posted 04 August 2007 - 01:56 PM

Somebody has referenced August 1998 which saw a 60+ point SPX July drop then a 160 point SPX drop:
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1998-07-01&en=1998-12-01&i=p95558604089&a=113636006&r=3423.png

Edited by Rogerdodger, 04 August 2007 - 02:15 PM.


#5 Frac_Man

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Posted 04 August 2007 - 02:04 PM

NO I didn't mention anything about a Black Monday yet ......... but I will be scanning
the charts this weekend ................. if something appears I'll let you know

Hank


then again it could happen ------------ personally I'm Flat and in Cash


:bear: :bear: :bear:






fyi, this is also what I am looking for :) :)









I just can't believe that THE low is here or near.
Maybe I'll be fooled by mother market.
Sentiment Friday would support a bounce Monday.
Youmast is looking for a bottom on the 8th which would fit the 2004 action.
1410 had a bit of congestion in March/April and might be a magnet sooner or later.
Posted Image


You mentioned something about Black Monday in one of the posts and in another that you are coming back on Wed. So, are you expecting a Black Monday or the slide to resume from Wed?
Thanks



#6 nicolasillo

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Posted 04 August 2007 - 02:07 PM

NO I didn't mention anything about a Black Monday yet ......... but I will be scanning
the charts this weekend ................. if something appears I'll let you know

Hank


then again it could happen ------------ personally I'm Flat and in Cash


:bear: :bear: :bear:






fyi, this is also what I am looking for :) :)









I just can't believe that THE low is here or near.
Maybe I'll be fooled by mother market.
Sentiment Friday would support a bounce Monday.
Youmast is looking for a bottom on the 8th which would fit the 2004 action.
1410 had a bit of congestion in March/April and might be a magnet sooner or later.
Posted Image


You mentioned something about Black Monday in one of the posts and in another that you are coming back on Wed. So, are you expecting a Black Monday or the slide to resume from Wed?
Thanks


Thanks Hank...looking forward to your comments.

#7 brasilstocks

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Posted 04 August 2007 - 02:12 PM

that looks promising, thank you guys for all updates

#8 Russ

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Posted 04 August 2007 - 02:52 PM

According to Martin Armstrong most panics are over in an average of 6 weeks. so that would mean mid August before the bulls start to get traction....seems in line with Rodger's charts.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#9 Frac_Man

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Posted 04 August 2007 - 04:13 PM

I'm looking towards the end of August ( as of now )

Look at 1998 <<






According to Martin Armstrong most panics are over in an average of 6 weeks. so that would mean mid August before the bulls start to get traction....seems in line with Rodger's charts.