10 replies to this topic

[hiker]

if this is a bear trap I will be surprised...lower lows look probable

1467 is SPX support 3



here is a summary of stocks near their highs at yest close...these are in rising price trends..delayed intraday data for today

mostly red -

Symbol/ Pct from Yr High/ today's Change

- - - - - AAPL Down 6.61% Down 4.82 Down 3.34%
- - - - - ABB Down 4.75% Down 0.89 Down 3.60%
- - - - - ACH Down 8.10% Down 4.52 Down 6.59%
- - - - - ACTU Down 4.55% Down 0.10 Down 1.42%
- - - - - ADBE Down 3.18% Up 0.02 Up 0.05%
- - - - - ADSK Down 3.68% Down 0.16 Down 0.34%
- - - - - AKRX Down 5.62% Down 0.13 Down 1.69%
- - - - - ALVR Up 1.79% Up 0.35 Up 2.74%
- - - - - AMAT Down 7.74% Down 0.56 Down 2.57%
- - - - - AMZN Down 6.06% Up 0.90 Up 1.09%
- - - - - APD Down 1.90% Down 0.74 Down 0.82%
- - - - - AT Down 3.04% Down 0.13 Down 0.19%
- - - - - ATW Down 3.78% Down 1.53 Down 1.93%
- - - - - BAY Down 2.64% Down 1.75 Down 2.19%
- - - - - BCR Down 1.96% Up 0.23 Up 0.27%
- - - - - BCSI Down 13.04% Down 2.82 Down 3.58%
- - - - - BIDU Down 0.91% Up 1.39 Up 0.64%
- - - - - BIIB Down 2.81% Down 0.57 Down 0.90%
- - - - - BKR Up 2.50% Up 1.80 Up 4.00%
- - - - - BNS Down 2.67% Down 0.27 Down 0.54%
- - - - - BOBJ Down 4.43% Down 0.98 Down 2.16%
- - - - - BPHX Down 2.23% Up 0.04 Up 0.25%
- - - - - BYI Down 2.43% Down 0.39 Down 1.17%
- - - - - CAM Down 0.88% Down 0.32 Down 0.38%
- - - - - CCE Down 2.45% Down 0.38 Down 1.57%
- - - - - CELG Down 2.45% Down 0.52 Down 0.79%
- - - - - CEO Down 4.65% Down 3.00 Down 2.45%
- - - - - CHL Down 2.64% Down 1.58 Down 2.32%
- - - - - CHU Down 2.86% Down 0.44 Down 2.30%
- - - - - CKP Down 3.33% Up 0.27 Up 0.99%
- - - - - CLDA Down 2.85% Up 0.62 Up 2.38%
- - - - - CRDC Down 14.24% Up 2.91 Up 54.09%
- - - - - CROX Down 8.73% Down 2.71 Down 4.56%
- - - - - CSCO Down 1.20% Down 0.20 Down 0.62%
- - - - - DE Down 2.34% Down 1.89 Down 1.36%
- - - - - DELL Down 5.10% Down 0.38 Down 1.33%
- - - - - DEO Down 2.47% Down 0.73 Down 0.85%
- - - - - DKS Down 3.95% Down 2.03 Down 3.09%
- - - - - DRYS Down 3.74% Up 0.85 Up 1.21%
- - - - - DT Down 4.30% Down 0.22 Down 1.18%
- - - - - EMC Down 3.15% Down 0.47 Down 2.37%
- - - - - ESRX Down 2.61% Down 0.55 Down 1.00%
- - - - - EXM Down 0.43% Up 1.77 Up 4.03%
- - - - - FARO Down 6.35% Down 0.81 Down 1.99%
- - - - - FCN Down 4.08% Up 0.21 Up 0.41%
- - - - - FFIN Down 6.66% Down 1.33 Down 3.14%
- - - - - FLR Down 0.46% Up 0.42 Up 0.32%
- - - - - FWLT Down 6.09% Down 2.01 Down 1.70%
- - - - - FXI Down 4.23% Down 4.95 Down 3.24%
- - - - - GAIA Down 3.07% Up 0.31 Up 1.53%
- - - - - GLD Down 1.89% Down 0.01 Down 0.01%
- - - - - GLDN Down 4.49% Down 2.14 Down 3.06%
- - - - - GME Down 4.75% Down 1.63 Down 3.19%
- - - - - GRMN Down 1.72% Up 0.97 Up 0.93%
- - - - - HCBK Down 1.45% Up 0.11 Up 0.77%
- - - - - HET Down 0.44% Down 0.13 Down 0.15%
- - - - - HPQ Down 1.13% Down 0.25 Down 0.50%
- - - - - HRS Down 3.84% Down 1.56 Down 2.53%
- - - - - IBM Down 1.13% Down 0.64 Down 0.54%
- - - - - ILMN Down 5.34% Down 0.54 Down 1.11%
- - - - - INTC Down 2.60% Down 0.34 Down 1.30%
- - - - - ISE Down 2.37% Down 0.07 Down 0.11%
- - - - - ISRG Down 2.53% Down 4.19 Down 1.85%
- - - - - IVGN Down 0.36% Up 0.59 Up 0.75%
- - - - - JNPR Down 1.38% Up 0.34 Up 1.00%
- - - - - K Down 2.68% Down 0.88 Down 1.59%
- - - - - LDK Down 2.89% Down 0.35 Down 0.62%
- - - - - LIFC Down 1.51% Up 0.48 Up 1.43%
- - - - - LYO Down 2.12% Down 0.04 Down 0.09%
- - - - - MCR Down 2.89% Down 0.06 Down 0.71%
- - - - - MCX Down 0.07% Up 0.01 Up 0.07%
- - - - - MDR Down 0.85% Down 0.43 Down 0.44%
- - - - - MDT Down 2.77% Down 0.12 Down 0.22%
- - - - - MHS Down 1.02% Up 0.56 Up 0.66%
- - - - - MMM Down 2.76% Down 1.39 Down 1.52%
- - - - - MON Down 2.41% Down 1.26 Down 1.76%
- - - - - MOS Down 5.04% Down 0.93 Down 2.17%
- - - - - MR Down 2.69% Down 0.65 Down 1.75%
- - - - - NCIT Down 2.25% Up 0.14 Up 0.81%
- - - - - NOK Down 1.66% Down 0.39 Down 1.16%
- - - - - NOV Down 2.38% Down 1.56 Down 1.18%
- - - - - NUAN Up 0.56% Up 0.32 Up 1.64%
- - - - - NVDA Down 0.96% Down 0.29 Down 0.55%
- - - - - NVO Down 3.61% Down 3.49 Down 2.97%
- - - - - ONXX Down 1.27% Up 0.41 Up 0.98%
- - - - - ORCL Down 1.72% Down 0.08 Down 0.39%
- - - - - OSTK Down 3.36% Down 0.76 Down 3.24%
- - - - - PCLN Down 3.69% Down 1.56 Down 1.90%
- - - - - PEP Down 3.63% Down 0.53 Down 0.78%
- - - - - PETM Down 4.43% Down 0.97 Down 2.78%
- - - - - PG Down 2.35% Down 0.27 Down 0.41%
- - - - - PGJ Down 3.42% Down 0.79 Down 2.78%
- - - - - PH Down 1.58% Down 1.26 Down 1.15%
- - - - - PHI Down 4.06% Down 1.49 Down 2.51%
- - - - - POT Down 4.17% Down 1.09 Down 1.21%
- - - - - PVA Down 8.14% Down 1.22 Down 2.98%
- - - - - RIMM Down 4.75% Down 3.37 Down 3.95%
- - - - - RTN Down 4.66% Down 1.25 Down 2.07%
- - - - - SAM Down 2.41% Down 0.39 Down 0.80%
- - - - - SCRX Down 3.09% Up 0.40 Up 1.56%
- - - - - SHPGY Down 2.48% Up 0.16 Up 0.20%
- - - - - SIGM Down 8.51% Down 2.00 Down 4.57%
- - - - - SII Down 1.39% Down 0.20 Down 0.29%
- - - - - SLB Down 1.84% Down 0.83 Down 0.83%
- - - - - SPNC Down 2.30% Down 0.08 Down 0.53%
- - - - - SYK Down 5.32% Down 0.69 Down 1.03%
- - - - - SYNA Down 3.01% Down 0.25 Down 0.58%
- - - - - T Down 6.03% Down 0.86 Down 2.14%
- - - - - TD Down 3.38% Down 0.76 Down 1.10%
- - - - - TDY Down 5.34% Down 0.94 Down 1.89%
- - - - - TEF Down 3.24% Down 1.90 Down 2.54%
- - - - - TEVA Down 1.20% Up 0.15 Up 0.34%
- - - - - TMO Down 0.62% Up 0.38 Up 0.70%
- - - - - TOD Down 1.51% Down 0.11 Down 0.48%
- - - - - VIP Down 5.09% Down 1.02 Down 4.05%
- - - - - VOD Down 4.90% Down 0.66 Down 2.01%
- - - - - VRSN Down 4.64% Down 0.53 Down 1.58%
- - - - - VSEA Down 2.94% Down 0.80 Down 1.40%
- - - - - VZ Down 5.33% Down 0.92 Down 2.16%
- - - - - what Down 2.73% Up 0.23 Up 0.37%
- - - - - WFC Down 5.74% Down 0.78 Down 2.13%
- - - - - WFT Up 0.29% Up 0.79 Up 1.29%
- - - - - WYNN Down 1.40% Down 0.55 Down 0.43%
- - - - - YZC Down 7.99% Down 4.23 Down 4.69%
- - - - - ZNH Down 6.54% Down 1.03 Down 1.63%
- - - - - ZUMZ Down 3.58% Down 1.03 Down 2.14%

Edited by hiker, 05 September 2007 - 01:57 PM.

[hiker]

is 1461.67 SPX a magnet? 1464 is a good spot on the chart if that becomes the swing low...let's see if that is all we get

[SandStorm]

Agree. Bears need to get our acts together and not cover too quickly.

[ogm]

Lets see, I think we're not going much lower. Maybe a dip in the AM, then back up. Sept 18 is still the rate cut. Despite what seems like a slaughter in the indexes, my portfolio is down about 20% of what it gained yesterday..... Surprizing. But most of the stocks that are down are down pennies.

Edited by ogm, 05 September 2007 - 02:43 PM.

[hiker]

ogm...SPX 1476 and above has been tough so far

[BigBadBear]

bear trap

[ogm]

ogm...SPX 1476 and above has been tough so fa

True, but we had a good run off the lows, so consolidation is due.

I'm looking at 33 and 55 EMA's, and right now they are inverted, we broke above 55 EMA yesterday now we're pulling back, but 33 EMA is acting as support here.


If we start grinding up, they will cross up again.


33/55 MACD has crossed up yesterday, on top of the regular 12/26 MACD... overall getting stronger and support forming.

I'll post 60m min and daily in a bit.

[hiker]

we have not seen a weekly close MUCH above 1476 in how long?

the evidence of price alone says the burden of proof is on the bulls more than the bears

if bulls cannot pull it off now after two weekly closes VERY NEAR the 1476 major daily horizontal...it WILL be viewed as failure

Edited by hiker, 05 September 2007 - 02:58 PM.

[DraggdOut]

I went long around noon, got out with a marginal loss, and I put in a couple big buy orders five minutes before the close. I am staying nimble and I am not immune to the prospects of Thurs Fri changing my mind but right now I am still very bullish.

[ogm]

Yes, I don't like weekly charts, but .... monthly charts are still good. We're still getting that rate cut I'd be more incline to short something after the that. Looking at WMT to short here. Monthly chart getting ready to crack. target around 33-34.

Edited by ogm, 05 September 2007 - 03:11 PM.