12 replies to this topic

[eminimee]

Especially if there is a successful test of the 40 week ema next week..

We should hit the 785 ish by year end...

A test of top on oex would put spx anywhere between 1760/1800...double bottom target on spx happens to be 1760

http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=9&mn=6&dy=0&i=p76983683771&a=106691891&r=6908.png





http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=1993-06-01&en=1995-08-30&i=p72796866161&a=110673659&r=2653.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=2&mn=6&dy=0&i=p10124009417&a=121326534&r=2586.png

Edited by Teaparty, 03 November 2007 - 07:56 AM.

[Tor]

Great charts and thanks for sharing them TP.

[underabigw]

Teaparty, Thanks for the great charts. Will the test of the 40 week ma be enough, or does the BKX also have to put in a bottom for the rally to new highs to occur? Thanks again for all your hard work. UBW

[eminimee]

I'm implying that bkx may have bottomed Friday...and spx will bottom after it......target for that low would be the 40wema.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$BKX&p=M&st=1994-01-01&i=p59432435950&a=29128039&r=9303.png





and bullish divergence on the daily...



http://stockcharts.com/c-sc/sc?s=$BKX&p=D&yr=2&mn=6&dy=0&i=p46216900598&a=28187877&r=8684.png

[ogm]

Ok, TP You showed me yours, I'll show you mine....


What do you think of this one.... I think this will be pushing the daisies next couple weeks.

[ogm]

I'll throw in this one too. For entertainment purposes.

[mini-trader]

What do you think of this one.... I think this will be pushing the daisies next couple weeks.

Agree!!!

[eminimee]

Yeah...that was my original count....still have it on my hourly....if 213 goes...it's probably a 3....

http://stockcharts.com/c-sc/sc?s=$XBD&p=60&yr=0&mn=6&dy=3&i=p09868935779&a=102368544&r=9167.png

[ogm]

Or how about this one....

Now, lets see, thats what part of the financial sector looks like, the leading index.

And the banks have bottomed ? A/D going to break out to the upside ? Market will rally to the moon?

Doesn't add up.

I think that Steve Miller guy, or whoever, is going to be stuck in this stuff bleeding out the wazoo for a long time.

There will be opportunities to pick all this stuff much cheaper, thats what the charts are saying.

Edited by ogm, 03 November 2007 - 10:32 AM.