10 replies to this topic

[eminimee]

Hopefully on a retest...but I would not take a bet with Da Chief that we'll never see it again in our life time....it's quite possible.

Note: Life time being the normal time remaining after the age 50 ...estimating average life span of 76 years. ....so ....26 years. If an erection lasts longer than that or you have a sudden urge to gamble..call your doctor.

http://stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&st=1990-01-01&i=p89726980823&a=98616671&r=5870.png

[n83]

-

Edited by n83, 18 August 2007 - 08:14 AM.

[JAP]

For someone to say we'll never see 1360 again in our lifetime is incredibly foolish and very arrogant.

Many LBOs are about to cave in. There are almost 300 billion dollars in loans out there about to go BOOM!

http://www.bloomberg...6...&refer=home

The permabulls on this board need to get a firm grip on reality.

[emkay]

i'll throw in my 2cents worth. i think the market will not only retest thursday's but break it. my fearless forecast for low = SPX1360-1366 SEPT 10 OR SEPT 11.

[n83]

i'll throw in my 2cents worth.

i think the market will not only retest
thursday's but break it.
my fearless forecast for low = SPX1360-1366 SEPT 10 OR SEPT 11.

with this kind of volatility..that is too much time for 80 pts of up and down

Edited by n83, 18 August 2007 - 11:07 AM.

[emkay]

i'll throw in my 2cents worth.

i think the market will not only retest
thursday's but break it.
my fearless forecast for low = SPX1360-1366 SEPT 10 OR SEPT 11.

with this kind of volatility..that is too much time for 80 pts of up and down

AUG 8TH SPX HIGH WAS 1503.89, AUG 16 LOW WAS 1370.69.
IN 6 DAYS SPX DROPPED 133.2.
AND I'AM TALKING 3 WEEKS.

ANYTHING IS POSSIBLE

[eminimee]

Personally...I AM looking for another low...and could even come next week.

[emkay]

Personally...I AM looking for another low...and could even come next week.

I am not an E-waver, but feel that we have not seen the 5th wave of the C of A-B-C
from the TOP. (been keeping a close eye on your charts)

I think the market made an INTERNAL LOW on thursday and the PRICE LOW will come
in form of the 5th of the C.

Look at the previous IT bottoms; 2003, 1998, 1994, 1990..., one see that
after the first climatic lows and the bouce, the market eventually came back
down for a test.
I think the market likes to load-up with SHORTS looking for crashes and burn them
after the re-test and also FLUSH out WEAK longs.

rgds
mani

[eminimee]

Right..it's that 5th of an ED I'm looking for....but man....if it works out.....it will be the most volatile ED C in history.

I'm also watching this....with a keen eye on nyad cum...if you see the turn up on the 97 chart with the nyad....rise in price....then nyad makes a lower low to double bottom...price makes a 5th wave low (that wasn't an ED back then but was an abc correction. Check out the nylow spikes too.

Now:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p64549672629&a=109189416&r=7708.png



Then:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1996-06-01&en=1997-12-31&i=p75149075036&a=109878307&r=515.png

[pdx5]

I would not bet the farm on SPX holding above 1360 during 2007. But as the saying goes anything is possible. The fed move to lower discont rates by 50 basis points has not cured the credit bubble or the sub-prime fiasco.