SPX monthly
#1
Posted 31 August 2007 - 04:40 PM
So much mistrust, disbeleif. Fear.
"I don't like this...."
"I don't like that .."
"This looks wrong..."
"That looks wrong..."
Market acting very nicely. We had a whooping 3, yes, 3 !!! 9 to 1 up days since the last bottom.
And no one likes it.
I see one stock after another gaining strength. MACD's crossing upwards on one time frame after another( support ). Stuff is getting stronger and stronger and gaining momentum. Internals are in a good upswing. Summations on daily are accelerating.
And we have so much mistrust. Quite remarkable.
Here is monthly chart. This is a very solid uptrend that looks like its about to accelerate. This isn't anywhere near downtrend or weakness yet.
#2
Posted 31 August 2007 - 04:47 PM
#3
Posted 31 August 2007 - 04:50 PM
Wow. I'm shocked.
So much mistrust, disbeleif. Fear.
"I don't like this...."
"I don't like that .."
"This looks wrong..."
"That looks wrong..."
Market acting very nicely. We had a whooping 3, yes, 3 !!! 9 to 1 up days since the last bottom.
And no one likes it.
I see one stock after another gaining strength. MACD's crossing upwards on one time frame after another( support ). Stuff is getting stronger and stronger and gaining momentum. Internals are in a good upswing. Summations on daily are accelerating.
And we have so much mistrust. Quite remarkable.
Here is monthly chart. This is a very solid uptrend that looks like its about to accelerate. This isn't anywhere near downtrend or weakness yet.
Letter to Market Makers - Almighty...
Show up price prints above Qs trading above 49.06, SPX 1488, and Nasdaq 2600, ASAP.
Then, I will be more upbeat with my positive thinker hat because I am exhausted and haunted by bears.
Thank you in advance for your consideration!
~~~
At the end of the day, it is extremely frustrating to see Qs print 49.06 showing "Double Top" formation.
Longs have to do song and dance for months to see the same price actions for Shorts in a few weeks.
During the next week, unless we see Qs trading above 49.06, SPX 1488, and Nasdaq 2600, we need to be cautious.
Have a nice weekend
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