6 replies to this topic

[A-ha]

while spx was selling yesterday and today, this sector managed to stay positive...

as you may remember, utilities had topped out in late may ... approximately 2 months ahead of spx (spx put a top in mid july...)

utilities is one of the most rate sensitive sectors and 0.50 cut definitely helping here ... it will be interesting to observe if it can lead the spx on the upside too...

since the downside leadership came 2 months ahead, we may expect a similar delay for the upside maybe?

two charts...

spx 5 year weekly



utilities 1 year daily

Edited by A-ha, 25 September 2007 - 09:22 AM.

[nicolasillo]

I prefer DJT Hasn t recovered since July...have a look at the chart. I have posted the graph few days ago

[A-ha]

trannies are broken.. i think that is the main problem with them








closeup

Edited by A-ha, 25 September 2007 - 09:40 AM.

[nicolasillo]

exactly....... So if you look back in 1999/2000 what do you see?

[A-ha]

Well... looks like trannies topped out in early 98 right before Nasdaq got parabolic... or one of the greatest rallies the stock market ever seen...

yes I understand that there was a massive divergence between trannies and spx between 97 and 2000 but it took too long to be considered as a trading sign imo

[nicolasillo]

well either I need to wear glasses or it topped out around the early 1999, I think it must be either April or May..... Anyway.....I understand that the stock market skyrocketed after that but there was a reason (internet bubble)....so all I am asking now is: "what is the reason?" for such a move?

[A-ha]

well either I need to wear glasses or it topped out around the early 1999, I think it must be either April or May.....
Anyway.....I understand that the stock market skyrocketed after that but there was a reason (internet bubble)....so all I am asking now is: "what is the reason?" for such a move?

i ll keep it simple...

dollar is going to 75,

after a brief correction, gold will blast through that 37 year top line

ndx already broke out implying what is coming next

i expect NYSE lag the entire rally

ndx should lead them all

dow will lag too

spx is in between

simply it is the collapse of the imperial that will give the juice to this

the country is in stagflation, there is not turning back from this ...its like the serenity before the death

this is the big picture... aside from daily / weekly fluctuations

Edited by A-ha, 25 September 2007 - 10:12 AM.