17 replies to this topic

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=5&yr=0&mn=0&dy=13&i=p18432484797&a=106624082&r=8048.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=30&yr=0&mn=2&dy=5&i=p24153670083&a=112399825&r=4448.png

[denleo]

OEX is down 3 points this morning. If we sell off another 3 points, FED will start cutting rates. Just joking. But I am afraid that any meaningful pull back will indeed cause this brave new FED to cut rates. Nothing can stop them now. We already don't care about our currency. Stocks are becoming our new currency. Denleo

[tommyt]

Denleo, so basically it sounds like we should have a blowoff?? constant accelerated higher lows and new highs needing to be chased to keep up as we move into year end..with a backdrop that the fed is "always" there.

[eminimee]

spx didn't get the same throwover so it still "may" happen....but I like what I see on oex....

Dennis...could you just say "no risk" one more time.....it didn't work the first time.

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=13&i=p75451873187&a=93322579&r=9421.png

Edited by Teaparty, 10 October 2007 - 09:22 AM.

[maineman]

Bought 20 lots OEX 720 OCT puts at the close last night for the expected little pullback and I'm out. Now we watch .... if 725 gives way things could acclerate down. THe daily uptrend line since mid September looks a bit too steep. Meanwhile the daily MACD histogram has been steadily deteriorating since then, too. FOr a breakout to be successful, it not only has to close above the trading range, it needs to stay there and accelerate fairly quickly. Not so sure at the moment.. long and nervous... that's why we use stops... and money managment. If this were to plunge and close back into the 660 to 720 with "feeling" then Tea may get his retracement in short order. mm

[eminimee]

[nicolasillo]

TP thanks for your charts

[denleo]

Guys, everything is fine. NASDAQ is up on negative breadth. Dollar is down. No risk!!!! Denleo

[eminimee]

Guys, everything is fine. NASDAQ is up on negative breadth. Dollar is down. No risk!!!!


Denleo

thanks

[thespookyone]

NO RISK!!! (very little) When you have a roadmap drawn by what has to be one of the best Ewavers ever! Thanks for all your great work here, as usual, TEAPARTY! As usual, being the most ardent believer in your craft-I shorted hard yesterdays close, as well-just cashed now out temporarily, will look for next entry. Very nice piece of change. Once again, thanks for your incredible Ewave TA! Spooky