9 replies to this topic

[ogm]

Take a look at this one.

1. EMA bundle crossed up and the price is closing above fast EMA. Very strong.
2. New high monthly close for the move.
3. MACD histogram on all 3 MACD's is expanding. Major momentum.

This is a very strong fast uptrend. Short at your own risk.

[Trend-Signals]

Take a look at this one.

1. EMA bundle crossed up and the price is closing above fast EMA. Very strong.
2. New high monthly close for the move.
3. MACD histogram on all 3 MACD's is expanding. Major momentum.

This is a very strong fast uptrend. Short at your own risk.

I SAW THE LIGHT!

Once the resistances are broken above, market will trend... breadth is suggesting that market will break out of the 6 weeks range and will trend....



~~~




Markets show a break above the current resistances as shown on the chart that CCI breadth momentum is stronger. This suggests that Qs 49.06, SPX 1488, and Nasdaq 2600 will be broken above.

Markets traded in tight trading range for 6 weeks and once the resistances are broken above, markets will trend up.

http://stockcharts.c...92375&r=923.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p54460905161&a=115499637&r=963.png

http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p31411575960&a=115683364&r=765.png

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p66435049971&a=115289116&r=145.png

http://stockcharts.c...92643&r=773.png

[Tor]

OGM, I love your work, but your understanding of candles is different to mine. This candle show weakness, and we are in the late stages of an upmove, which i accept could last a few months, but nevertheless it shows weakness.

[ogm]

OGM, I love your work, but your understanding of candles is different to mine.

This candle show weakness, and we are in the late stages of an upmove, which i accept could last a few months, but nevertheless it shows weakness.

How does it show weakness ?

Long tail tested the bottom of the channel from August 2006, after that we closed above fast EMA at the highest level of the up move.

Last 3 candles show flat consolidation. Previous 2 candles were red. The body of this one is green. Not sure I see it as weak.

Also how can you tell from that chart that we are in "late stages" ? Thats subjective.

The trend actually accelerated in August 2006. Look at its slope.

Edited by ogm, 01 September 2007 - 04:55 AM.

[Tor]

OGM, I love your work, but your understanding of candles is different to mine.

This candle show weakness, and we are in the late stages of an upmove, which i accept could last a few months, but nevertheless it shows weakness.

How does it show weakness ?

Long tail tested the bottom of the channel from August 2006, after that we closed above fast EMA at the highest level of the up move.

Last 3 candles show flat consolidation. Previous 2 candles were red. The body of this one is green. Not sure I see it as weak.

Also how can you tell from that chart that we are in "late stages" ? Thats subjective.

The trend actually accelerated in August 2006. Look at its slope.

Yes I see that but to me the other monthly candles were after a few months declines. This one looks more like showing weakness coming in as per late 2004. It went a bit higher, then a bigger fall.

The long tail shows weakness beginning to come in maybe. The long tail down last month shows weakness.

Maybe if we can get above tohse highs, it really would be a parabola and you are right, showing an accellerating trend and an even stronger market.

Edited by Tor, 01 September 2007 - 07:01 AM.

[Tor]

OGM, I love your work, but your understanding of candles is different to mine.

This candle show weakness, and we are in the late stages of an upmove, which i accept could last a few months, but nevertheless it shows weakness.

How does it show weakness ?

Long tail tested the bottom of the channel from August 2006, after that we closed above fast EMA at the highest level of the up move.


I am also watching the august 8th highs very closely.
Last 3 candles show flat consolidation. Previous 2 candles were red. The body of this one is green. Not sure I see it as weak.

Also how can you tell from that chart that we are in "late stages" ? Thats subjective.

The trend actually accelerated in August 2006. Look at its slope.

Yes I see that but to me the other monthly candles were after a few months declines. This one looks more like showing weakness coming in as per late 2004. It went a bit higher, then a bigger fall.

The long tail shows weakness beginning to come in maybe. The long tail down last month shows weakness.

Maybe if we can get above tohse highs, it really would be a parabola and you are right, showing an accellerating trend and an even stronger market.

I am also watching the august 8th highs very closely.

[Trend-Signals]

OMG,

This is Qs weekly chart. Note that the wave structure is showing further up move. It looks to be we are in 3 or 5 of 5.


http://stockcharts.c...54533&r=700.png

Take a look at this one.

1. EMA bundle crossed up and the price is closing above fast EMA. Very strong.
2. New high monthly close for the move.
3. MACD histogram on all 3 MACD's is expanding. Major momentum.

This is a very strong fast uptrend. Short at your own risk.

I SAW THE LIGHT!

Once the resistances are broken above, market will trend... breadth is suggesting that market will break out of the 6 weeks range and will trend....



~~~




Markets show a break above the current resistances as shown on the chart that CCI breadth momentum is stronger. This suggests that Qs 49.06, SPX 1488, and Nasdaq 2600 will be broken above.

Markets traded in tight trading range for 6 weeks and once the resistances are broken above, markets will trend up.

http://stockcharts.c...92375&r=923.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p54460905161&a=115499637&r=963.png

http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p31411575960&a=115683364&r=765.png

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p66435049971&a=115289116&r=145.png

http://stockcharts.c...92643&r=773.png

TREND IS UP


http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=5&mn=3&dy=0&i=p42860949711&a=115723420&r=331.png

[TL Trader]

For some reason my monthly looks slightly different than yours. But in any case the last three lows have been violated, this usually signals at least a pause in the trend if not at least a temporary reversal.

Edited by TL Trader, 01 September 2007 - 08:43 AM.

[Trend-Signals]

Determining market direction is with Probability based on market analysis, so, will see. However, "Close" price action is important than H/L price action and I commented on the climactic action on my previous comments. Anyway, have a nice day, everyone................

[try2win]

Determining market direction is with Probability based on market analysis, so, will see.

However, "Close" price action is important than H/L price action and I commented on the climactic action on my previous comments.

Anyway, have a nice day, everyone................

hi everyone ... nice charts. i would like to add that most of the time i look at charts i find it helps to turn the volume colors off. if you notice big volume and hughe volume days colored in red tend to give a negative bias. when in fact its bullish in some case. so i just keep that in mind when i see extreme volume. one QQQQ chart above has vol spiking to the 1B range for a couple days. thats a good floor. we break below those days LOB.