9 replies to this topic

[Trend-Signals]

SPX closed at 1483.95 above 50dma 1482, Nasdaq closed at 2601.06 above 50dma 2593.07, DOW cloesd at 13424.88 above dma 13420.41

Also SPX closed above Symmetrical Triangle on close basis with positive divergence on money flow.

I alerted the positive divergence on money flow during Mar 2007 before market rallied.

Equity p/c ratio is consistently positive since the last week while DOW p/c ratio is bearish.

Even with the low volume trading due to holiday trading, Technical, especially positive divergence on SPX money flow, provides positive outlook.

~~~

International markets closed positive on New Year
Asian markets finished strong, $SSEC Shanghai, $HSI Hong Kong, $KOSPI Seoul

Wishing Happy New Year
Euro markets are also gaining strength.
Futures are up.

http://chart.bigchar...mg?symb=FTSE100
http://chart.bigchar....img?symb=CAC40
http://chart.bigchar...ss.img?symb=DAX

http://ichart.financ...m/b?s=000001.SS
http://ichart.yahoo.com/b?s=^hsi.png
http://ichart.yahoo.com/b?s=^ks11

^SSEC Shanghai Composite 5,273.592 3:00AM ET Up 100.965 (1.95%) Chart, More
^HSI Hang Seng 24,537.02 5:59AM ET Up 226.88 (0.93%) Components, Chart, More
^BSESN BSE 30 15,614.44 6:28AM ET Up 109.08 (0.70%) Chart, More
^JKSE Jakarta Composite 2,222.7461 6:37AM ET Up 12.815 (0.58%) Components, Chart, More
^KLSE KLSE Composite 1,284.02 5:02AM ET Down 1.92 (0.15%) Components, Chart, More
^N225 Nikkei 225 15,821.19 3:00AM ET Up 23.59 (0.15%) Chart, More
^NZ50 NZSE 50 4,142.427 1:31AM ET Down 0.590 (0.01%) Components, Chart, More
^STI Straits Times 3,504.40 5:05AM ET Down 1.69 (0.05%) Components, Chart, More
^KS11 Seoul Composite 1,848.02 5:06AM ET Up 34.5 (1.90%) Components, Chart, More
^TWII Taiwan Weighted 8,927.42 1:46AM ET Down 90.70 (1.01%) Chart, More


Comment on Symmetrical Triangle with a turn date on 911.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p83296922719&a=115499637&r=928.png


http://www.stockchar...92375&r=619.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p31411575960&a=115683364&r=310.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p83296922719&a=115499637&r=309.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p42840159413&a=116141288&r=694.png

http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p13927891490&a=116615722&r=867.png

[nicolasillo]

Either my platform gives me wrong prices or yours.
I can see FTSE100 down 40pts and DAX down 50pts.

SPX closed at 1483.95 above 50dma 1482, Nasdaq closed at 2601.06 above 50dma 2593.07, DOW cloesd at 13424.88 above dma 13420.41

Also SPX closed above Symmetrical Triangle on close basis with positive divergence on money flow.

I alerted the positive divergence on money flow during Mar 2007 before market rallied.

Equity p/c ratio is consistently positive since the last week while DOW p/c ratio is bearish.

Even with the low volume trading due to holiday trading, Technical, especially positive divergence on SPX money flow, provides positive outlook.

~~~

International markets closed positive on New Year
Asian markets finished strong, $SSEC Shanghai, $HSI Hong Kong, $KOSPI Seoul

Wishing Happy New Year
Euro markets are also gaining strength.
Futures are up.

http://chart.bigchar...mg?symb=FTSE100
http://chart.bigchar....img?symb=CAC40
http://chart.bigchar...ss.img?symb=DAX

http://ichart.financ...m/b?s=000001.SS
http://ichart.yahoo.com/b?s=^hsi.png
http://ichart.yahoo.com/b?s=^ks11

^SSEC Shanghai Composite 5,273.592 3:00AM ET Up 100.965 (1.95%) Chart, More
^HSI Hang Seng 24,537.02 5:59AM ET Up 226.88 (0.93%) Components, Chart, More
^BSESN BSE 30 15,614.44 6:28AM ET Up 109.08 (0.70%) Chart, More
^JKSE Jakarta Composite 2,222.7461 6:37AM ET Up 12.815 (0.58%) Components, Chart, More
^KLSE KLSE Composite 1,284.02 5:02AM ET Down 1.92 (0.15%) Components, Chart, More
^N225 Nikkei 225 15,821.19 3:00AM ET Up 23.59 (0.15%) Chart, More
^NZ50 NZSE 50 4,142.427 1:31AM ET Down 0.590 (0.01%) Components, Chart, More
^STI Straits Times 3,504.40 5:05AM ET Down 1.69 (0.05%) Components, Chart, More
^KS11 Seoul Composite 1,848.02 5:06AM ET Up 34.5 (1.90%) Components, Chart, More
^TWII Taiwan Weighted 8,927.42 1:46AM ET Down 90.70 (1.01%) Chart, More


Comment on Symmetrical Triangle with a turn date on 911.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p83296922719&a=115499637&r=928.png


http://www.stockchar...92375&r=619.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p31411575960&a=115683364&r=310.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p83296922719&a=115499637&r=309.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p42840159413&a=116141288&r=694.png

http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p13927891490&a=116615722&r=867.png

[Trend-Signals]

This was premarket comment.

International markets closed positive on New Year
Asian markets finished strong, $SSEC Shanghai, $HSI Hong Kong, $KOSPI Seoul

Wishing Happy New Year
Euro markets are also gaining strength.
Futures are up.

http://chart.bigchar...mg?symb=FTSE100
http://chart.bigchar....img?symb=CAC40
http://chart.bigchar...ss.img?symb=DAX

http://ichart.financ...m/b?s=000001.SS
http://ichart.yahoo.com/b?s=^hsi.png
http://ichart.yahoo.com/b?s=^ks11

^SSEC Shanghai Composite 5,273.592 3:00AM ET Up 100.965 (1.95%) Chart, More
^HSI Hang Seng 24,537.02 5:59AM ET Up 226.88 (0.93%) Components, Chart, More
^BSESN BSE 30 15,614.44 6:28AM ET Up 109.08 (0.70%) Chart, More
^JKSE Jakarta Composite 2,222.7461 6:37AM ET Up 12.815 (0.58%) Components, Chart, More
^KLSE KLSE Composite 1,284.02 5:02AM ET Down 1.92 (0.15%) Components, Chart, More
^N225 Nikkei 225 15,821.19 3:00AM ET Up 23.59 (0.15%) Chart, More
^NZ50 NZSE 50 4,142.427 1:31AM ET Down 0.590 (0.01%) Components, Chart, More
^STI Straits Times 3,504.40 5:05AM ET Down 1.69 (0.05%) Components, Chart, More
^KS11 Seoul Composite 1,848.02 5:06AM ET Up 34.5 (1.90%) Components, Chart, More
^TWII Taiwan Weighted 8,927.42 1:46AM ET Down 90.70 (1.01%) Chart, More

^BFX BEL-20 4,284.12 12:07PM ET Up 28.45 (0.67%) Chart, More
^FCHI CAC 40 5,565.97 12:10PM ET Up 57.96 (1.05%) Chart, More
^GDAXI DAX 7,535.97 11:45AM ET Up 62.98 (0.84%) Chart, More
^AEX AEX General 530.96 12:07PM ET Up 7.58 (1.45%) Chart, More
^OSEAX OSE All Share 562.22 10:29AM ET Up 9.62 (1.74%) Components, Chart, More
^MIBTEL MIBTel 30,638.0000 11:40AM ET Up 191.0000 (0.63%) Components, Chart, More
^IXX ISE National-100 102.53 5:00PM ET Up 0.99 (0.97%) Chart, More
^SMSI Madrid General 1,553.14 11:40AM ET Up 9.88 (0.64%) Components, Chart, More
^OMXSPI Stockholm General 385.78 11:43AM ET Up 4.22 (1.11%) Chart, More
^SSMI Swiss Market 8,878.05 11:30AM ET Up 94.09 (1.07%) Chart, More
^FTSE FTSE 100 6,363.90 11:35AM ET Up 57.70 (0.91%) Components, Chart, More



http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p74107949573&a=78792527&r=520.png

[Trend-Signals]

Seeing the positive side of the weak USD, it is not worrisome as if we don't have anything to gain from weakening USD. It could break 79.

Weak $USD will encourage tourists... Entire US could be like the state of Florida? Jammed with tourists?

Have to hunk them to move forward even after turned on green light.

~~~


USD

Strengthening Dollar
Advantages

* Consumer sees lower prices on foreign products/services.
* Lower prices on foreign products/services help keep inflation low.
* U.S. consumers benefit when they travel to foreign countries.
* U.S. investors can purchase foreign stocks/bonds at "lower" prices.

Disadvantages

* U.S. firms find it harder to compete in foreign markets.
* U.S. firms must compete with lower priced foreign goods.
* Foreign tourists find it more expensive to visit U.S.
* More difficult for foreign investors to provide capital to U.S. in times of heavy U.S. borrowing.



Weakening Dollar
Advantages

* U.S. firms find it easier to sell goods in foreign markets.
* U.S. firms find less competitive pressure to keep prices low.
* More foreign tourists can afford to visit the U.S.
* U.S. capital markets become more attractive to foreign investors.

Disadvantages

* Consumers face higher prices on foreign products/services.
* Higher prices on foreign products contribute to higher cost-of-living.
* U.S. consumers find traveling abroad more costly.
* Harder for U.S. firms and investors to expand into foreign markets.



http://stockcharts.com/c-sc/sc?s=$USD&p=W&st=1980-02-06&i=p85035956242&a=97283781&r=316.png

[nicolasillo]

Fair enough. I thought it was after the close as u mentioned the closing prices. I still have my doubts though as far as the SPX is concerned; you said it broke above the triangle but if you draw your line taking into account the highs then it did not. I guess we will just have to wait and see tomorrow or the next few days. Have a look...

This was premarket comment.

International markets closed positive on New Year
Asian markets finished strong, $SSEC Shanghai, $HSI Hong Kong, $KOSPI Seoul

Wishing Happy New Year
Euro markets are also gaining strength.
Futures are up.

http://chart.bigchar...mg?symb=FTSE100
http://chart.bigchar....img?symb=CAC40
http://chart.bigchar...ss.img?symb=DAX

http://ichart.financ...m/b?s=000001.SS
http://ichart.yahoo.com/b?s=^hsi.png
http://ichart.yahoo.com/b?s=^ks11

^SSEC Shanghai Composite 5,273.592 3:00AM ET Up 100.965 (1.95%) Chart, More
^HSI Hang Seng 24,537.02 5:59AM ET Up 226.88 (0.93%) Components, Chart, More
^BSESN BSE 30 15,614.44 6:28AM ET Up 109.08 (0.70%) Chart, More
^JKSE Jakarta Composite 2,222.7461 6:37AM ET Up 12.815 (0.58%) Components, Chart, More
^KLSE KLSE Composite 1,284.02 5:02AM ET Down 1.92 (0.15%) Components, Chart, More
^N225 Nikkei 225 15,821.19 3:00AM ET Up 23.59 (0.15%) Chart, More
^NZ50 NZSE 50 4,142.427 1:31AM ET Down 0.590 (0.01%) Components, Chart, More
^STI Straits Times 3,504.40 5:05AM ET Down 1.69 (0.05%) Components, Chart, More
^KS11 Seoul Composite 1,848.02 5:06AM ET Up 34.5 (1.90%) Components, Chart, More
^TWII Taiwan Weighted 8,927.42 1:46AM ET Down 90.70 (1.01%) Chart, More

^BFX BEL-20 4,284.12 12:07PM ET Up 28.45 (0.67%) Chart, More
^FCHI CAC 40 5,565.97 12:10PM ET Up 57.96 (1.05%) Chart, More
^GDAXI DAX 7,535.97 11:45AM ET Up 62.98 (0.84%) Chart, More
^AEX AEX General 530.96 12:07PM ET Up 7.58 (1.45%) Chart, More
^OSEAX OSE All Share 562.22 10:29AM ET Up 9.62 (1.74%) Components, Chart, More
^MIBTEL MIBTel 30,638.0000 11:40AM ET Up 191.0000 (0.63%) Components, Chart, More
^IXX ISE National-100 102.53 5:00PM ET Up 0.99 (0.97%) Chart, More
^SMSI Madrid General 1,553.14 11:40AM ET Up 9.88 (0.64%) Components, Chart, More
^OMXSPI Stockholm General 385.78 11:43AM ET Up 4.22 (1.11%) Chart, More
^SSMI Swiss Market 8,878.05 11:30AM ET Up 94.09 (1.07%) Chart, More
^FTSE FTSE 100 6,363.90 11:35AM ET Up 57.70 (0.91%) Components, Chart, More



http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p74107949573&a=78792527&r=520.png

Edited by nicolasillo, 13 September 2007 - 06:20 PM.

[Trend-Signals]

Do you have your charts to show?


Anyway, I posted several charts with Sym Triangle formations for the last few days.

Fair enough. I thought it was after the close as u mentioned the closing prices. I still have my doubts though as far as the SPX is concerned; you said it broke above the triangle but if you draw your line taking into account the highs then it did not. I guess we will just have to wait and see tomorrow or the next few days.

[nicolasillo]

Just drew the lines on ur chart see above

Do you have your charts to show?


Anyway, I posted several charts with Sym Triangle formations for the last few days.

Fair enough. I thought it was after the close as u mentioned the closing prices. I still have my doubts though as far as the SPX is concerned; you said it broke above the triangle but if you draw your line taking into account the highs then it did not. I guess we will just have to wait and see tomorrow or the next few days.

[Trend-Signals]

Also SPX closed above Symmetrical Triangle on close basis with positive divergence on money flow.

I alerted the positive divergence on money flow during Mar 2007 before market rallied.


Since 8/16 reversal call, traders are digging heels.

It happens every market reversal, will see.




http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p13927891490&a=116615722&r=867.png

[Trend-Signals]

Positive divergence on Money Flow - QQQQ



Every market calls, EVERY market calls... many traders are digging heels from my reversal calls to all the way to top for the most of the time.

I am being careful, will see.


Good night, ALL!


http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p00247533085&a=115683364&r=440.png

[Trend-Signals]

This is Qs money flow positive divergence.

Never fail on all market turns, digging heels, not seeing it.

Don't say that I have shown you.

Will see.



http://stockcharts.c...392375&r=49.png