8 replies to this topic

[A-ha]

i think they got rid of the last standing shorts during the last 30 mins before they unloaded through the market in the last 2 minutes , i am sure u noticed that especially if you were long ...

get ridy for vix=36 next week as the writes start taking dump like elephants

Edited by A-ha, 10 August 2007 - 03:26 PM.

[rkd80]

RUT closed above its broken trendline on a weekly chart. Above its 85 EMA. Maybe I am drawing it wrong, but I doubt it...

http://stockcharts.com/h-sc/ui?s=$RUT...5&listNum=6

RUT lead the decline and it has stopped declining.

SPX closed above the Tl that marked the top of multi-year channel. Several breadth indicators like spxa200, spxa50 and rhspx are all at levels that marked every bottom since '03.

http://stockcharts.com/h-sc/ui?s=$SPX...3&listNum=6

Edited by rkd80, 10 August 2007 - 03:30 PM.

[A-ha]

when a trendline is violated like this while all major indices are broken, odds are extremely low for a fake out.

it will breakdown next week

Edited by A-ha, 10 August 2007 - 03:42 PM.

[snorkels4]

xd

[A-ha]

xd

yes indeed

[rkd80]

when a trendline is violated like this while all major indices are broken, odds are extremely low for a fake out.

it will breakdown next week

Ok, i see where you are going. However your TL is from last year and while it's break is sinificant, it's implications are not as grave as you make them out to be.

Look at : http://stockcharts.com/h-sc/ui?s=$NYA...2&listNum=6

My TL runs from '03 and with the break of your TL I think its entirely possible that we can probe further, but we are talking about 200-300 points on the NYSE max. Notice also that the 55 EMA has been a very reliable cushion during this bull market and that has also not been tagged, currently it sits at 9200+ which also supports 200+ more points of decline. The other breadth indicators are indicative of previous bottoms, particularly worthy is the summation.

[A-ha]

we are talking about 200-300 points on the NYSE max.

time and the market will show... we are entering into a stage where we can sell off 500 dow points in 2 hours ...

something quite different about this one... one of the most reliable indicators I have failed after a brief bounce ...

btw, commercials seem like unloaded more than half of their spoozzz ... the lowest level since they went net long in june

and it appears small specs added to their net longs...


buy low sell lower club

Edited by A-ha, 10 August 2007 - 03:59 PM.

[underabigw]

A-Ha,

I don't know if you have had a chance to look at it, but the DJ REIT index closed at the low
today.

when a trendline is violated like this while all major indices are broken, odds are extremely low for a fake out.

it will breakdown next week

Ok, i see where you are going. However your TL is from last year and while it's break is sinificant, it's implications are not as grave as you make them out to be.

Look at : http://stockcharts.com/h-sc/ui?s=$NYA...2&listNum=6

My TL runs from '03 and with the break of your TL I think its entirely possible that we can probe further, but we are talking about 200-300 points on the NYSE max. Notice also that the 55 EMA has been a very reliable cushion during this bull market and that has also not been tagged, currently it sits at 9200+ which also supports 200+ more points of decline. The other breadth indicators are indicative of previous bottoms, particularly worthy is the summation.

[A-ha]

Yes I saw it... I also saw that Equity PC closed at 0.58