1 reply to this topic

[Trend-Signals]

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=9&dy=0&i=p59901339372&a=115074573&r=61.png

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


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=$SPX&p=W&st=1997-01-22&en=1998-03-31&i=p44642518991&a=115071776&r=732.png





http://investorshub....age_id=22179053


1997 Price Action Pattern:


I commented on VIX breakout in Jun-Jul 2006 bottom call that market is showing similar pattern of 1995.

The current price pattern shows that we are in 1997 pattern when market corrected 10% after a correction of 7%+/- which is Jun-Jul 2006 low.




In 1997, we didn't have a retest of the low after similar "W" formation with lower/low with 10 %+/- correction which is the VIX level 37 which we have seen. After 1997 10% correction, market rallied 60% before 1998 correction of 20%.

In 1998, after 1997 bottom followed by a rally to 60%, we had 20% +/- correction with higher VIX level to 47.


~~~

http://investorshub....p;txt2find=1997

Posted by: __1Best__
In reply to: None
Date:8/16/2007 10:24:42 PM
Post #of 2307


VIX high 37.50 +/-, 2002 or 1997 de ja vu when market rallied 60% after making the bottom at 730 then rallied to 1170.

Then, another VIX spike in 1998.


~~~

1997 VIX pattern de ja vu, 1997 ^ 1998 VIX level 37.50

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[Trend-Signals]

SPX corrected 38% of Jun-Jul 2006 rally. Date:8/15/2007 12:27:21 PM Post #of 2307 LT SPX target is SPX 1600 +/- SPX corrected 38% of Jun-Jul 2006 rally. Markets have corrected with the subprime drama. Bullish Sentiment: High insider buying, Buffett bullish sentiment, CSCO bullish sentiment, Soros bullish sentiment ... ~~~ Date:7/16/2007 12:51:54 PM Post #of 2089 RB, market is heading to SPX 1600 since it is showing a breakout; this does not mean that we do not have bearish, underlying fundamentals. We need to see how much market will retrace for vst correction since we are seeing a strong trend. Normally it is fib retracements, i.e. 28% and 34% for bullish market.

Edited by Trend-Signals, 22 August 2007 - 06:36 PM.