It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
Edited by Russ, 20 October 2007 - 09:59 PM.
Wiltshire 5000 Chart
Started by
Russ
, Oct 20 2007 09:56 PM
7 replies to this topic
#1
Russ
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Posted 20 October 2007 - 09:56 PM
The width of the base of the broken triangle measures down to the Tim Ord line which is also the bottom of the interest rate cut bullish candle. The oscillator at the top is pointing to Monday for the low. The measured low is also the high from last Feb.
It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
selecto
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Posted 20 October 2007 - 10:25 PM
I disagree.
On the wlsh, dow, spx, et al, the BB squeeze is resolving downward and the mac has rolled.
Upper band is flaring away, centerline (20) turning down and being crossed by the 5.
We ride the rail down; there is a heap of trading lower in store.
http://stockcharts.com/c-sc/sc?s=$WLSH&p=D&yr=0&mn=3&dy=0&i=p55864680273&r=5685.png
On the wlsh, dow, spx, et al, the BB squeeze is resolving downward and the mac has rolled.
Upper band is flaring away, centerline (20) turning down and being crossed by the 5.
We ride the rail down; there is a heap of trading lower in store.
http://stockcharts.com/c-sc/sc?s=$WLSH&p=D&yr=0&mn=3&dy=0&i=p55864680273&r=5685.png
#3
Citation
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Posted 20 October 2007 - 10:34 PM
Approximately how much lower, Selecto?
#4
selecto
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Posted 20 October 2007 - 10:50 PM
September lows for starters?
I know how he feels:
"I have opinions of my own, strong opinions, but I don't always agree with them" (George Bush)
Edited by selecto, 20 October 2007 - 10:57 PM.
#5
Russ
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Posted 20 October 2007 - 11:15 PM
Anytbing is possible but bear in mind that Airedale88 had predicted this low and thinks we are going higher soon, some right tranlation has happened as he said.
There should be a strong bounce off of that projected low. Notice the 10 day CMF is not very negative.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=5&g=0&i=p20633433969&r=8997.png
There should be a strong bounce off of that projected low. Notice the 10 day CMF is not very negative.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=5&g=0&i=p20633433969&r=8997.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
vitaminm
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Posted 20 October 2007 - 11:30 PM
The width of the base of the broken triangle measures down to the Tim Ord line which is also the bottom of the interest rate cut bullish candle. The oscillator at the top is pointing to Monday for the low. The measured low is also the high from last Feb.
It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
support 14998
vitaminm
#7
Russ
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Posted 21 October 2007 - 12:54 PM
support 14998
Such an exact number...that some kind of magic.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#8
vitaminm
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Posted 03 November 2007 - 12:17 AM
support 14998
Such an exact number...that some kind of magic.
no magic!!
15106.03 today low
current trend points to 16278
vitaminm
