20 replies to this topic

[SemiBizz]

Starting early this week......maybe quick too ie: 4 or 5 days or less.....back up to near current levels and then another 6 to 7% dip. We'll finally get the real breakout after that. Watch for INDU to make a slight new high above friday's high and OEX to make another high slightly above 717.59 Monday or Tuesday ....SPX will not confirm....and then sharp reversal.

It's all in the TEA LEAVES.....at least that's what my son says it is.

are these tea or POT leaves....

"Tea" is an old slang term for pot, seldom heard today...

[relax]

wespect for sharing bizz

[Doug]

[quote name='Pabst' post='317957' date='Sep 29 2007, 12:16 PM']Kisacik: Don't get hung up Friday's closing volume. That was just EOQ rebalancing by managers. Heck, every day volume spikes on the close. That's not to say we don't open higher Monday, but it won't be on account of huge phantom buying on Friday's close. [quote name='kisacik' post='317951' date='Sep 29 2007, 12:02 PM[/quote]

I agree, especially since we finished the week practically even. Obviously, there was as much buy volume as selling volume. I think we open about where we closed and move a bit more than last week either up or down. I just don’t know which way.

Regards,

[arbman]

I'd say on Monday it opens higher, then sells off with light volume to test the Friday's lows and springs higher by noon. If the momentum is right it will be a higher close. OEX needs to penetrate into the 720 area to have any uptrend stick and rally firmly above 715 after testing the Friday's lows. If any sell off on Monday fails to hold over Friday's lows or the volume comes heavy at the lows, it will need another retest, imho. I don't think this would be positive, the window of opportunity to use the new funds to spring higher is closing, it's been 2 weeks and the momentum is getting exhausted at the consolidation. It needs to build some momentum ahead of the coming 10 wk cycle low. That's my take... - kisa

[qqqqtrdr]

My charts actually showed a top should have occured mid last week. The weakness over the last couple of days should have been much stronger. I think ya'll are too bearish. CBOE Put/Call is still to high. Have you EVER seen a top with a 10-day CBOE Put/Call around 1.00. The answer is NO. I think too many bears will drive the market higher, and we will not see 7 1/2% decline on NASDAQ. Don't get me wrong. I was expecting a top this last week, but Sentiment was not participating. Barry

[jack]

"Tea" is an old slang term for pot, seldom heard today...

"If you're a viper"

[denleo]

I say, smoke those leaves. Then the market direction should become real clear. If the vision was true, then I would buy a lot of those leaves. If not, then you just smoked tea. Denleo

[Rogerdodger]

New "HIGHS"?
[img]http://tbn0.google.com/images?q=tbn:XS4mqD-0Ou9_3M:http://artfiles.art.com/images/-/Cheech-And-Chong-Photograph-C12148348.jpeg[/img]

[spielchekr]

Old highs are set in " 'Stone ", 'cause you can't get any higher than this.

[eminimee]

Nice outfit....I think I wore that to my high school grad. lol