yesterday was a bradley date, tomorrow is a total lunar eclipse...anyone expecting a significant turn? and which way?
turning point?
Started by
tommyt
, Aug 27 2007 11:15 AM
3 replies to this topic
#2
hiker
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Posted 27 August 2007 - 11:22 AM
SPY 60minute chart...most recent two candle closes are below the rising 15sma on the 60min...could have already turned unless SPY closes above again....the 5sma has crossed below the 15sma on the 60min SPY.
the 15min remains on a preliminary sell only, and is isomewhat mproving off today's low so far
#3
LarryT
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Posted 27 August 2007 - 12:23 PM
yesterday was a bradley date, tomorrow is a total lunar eclipse...anyone expecting a significant turn? and which way?
235 new moons ago the market was declining into the Lunar eclipse, rallied into the Solar then crashed. 2007 related to 1987 is still valid so we shall soon find out. My work says if 1431 holds this week then we focus on 1505 near the SE. The low of 8-16-07 is the best technical low since 2002/2003 so for now I have to play yhe bullish side of the market.
Larry
Edited by LarryT, 27 August 2007 - 12:24 PM.
#4
tommyt
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Posted 27 August 2007 - 12:36 PM
my 2 cents...I'll stick to my guns and say that this rally has/is acting better than most thought it would, ST need to consolidate. Either 300-400 dow points or a time correction this week. I favor the latter, with some sort of higher high on this move into early/mid Sept...then another real attempt down.
