10 replies to this topic

[ogm]

I stand by everyhing I said. This decline is for real, silly bounces aside.

One of these bounces may not come, just as you double up on already losing position.

This is not a crash call. It is what it is. The market is in a strong downtrend with no end in sight.

Internals action supports the price action all the way.

This isn't even anywhere near oversold.

Edited by ogm, 05 November 2007 - 04:52 PM.

[NAV]

You are one obsessive dude.

[Trend-Signals]

It is not looking for oversold market condition, but it is a continuation of prior uptrend which started on 8/16 as intermediate low. This view is consistent as stated on 10/11 looking for a vst correction to reset daily OB condition. As of today, 10/22 low was the low for this vst correction and I noted 11/2 +/- as pivotal confirmation for the continuation of up trend going into EOY.

[denleo]

OGM, your analysis is absolutely correct. But it takes a little time to materialize. That is why I buy every dip in order to pay for my IT bearish positions. Give it a few days (maybe a week). You will make a lot of money being short. That is why I am IT short and ST buying dips for scalps (a few hours or a couple of days). Your conversations with Tea and NAV don't make any sense, beacuse you are talking about different time frames. Denleo

[SemiBizz]

Yeah but what about Nastrash?

http://bigcharts.mar...&mocktick=1.gif



Your thesis is good, but it's also very common knowledge the fundamentals are F'ed up. You gotta get this Nasdaq chart harmonized with the rest of the indices to get the big overall decline you are expecting.... and that ain't happenin' YET... So when it goes, it all goes together.... then it can go deep. As long as this harmonic is out here, it's going to be tough to believe that the "top is in". And you know I"ll bet you one other thing too, that when the Nasdaq harmonizes with the rest of these charts that all the bull markets around the World will harmonize with it... If you get this one right, you win the prize.... end of story.

[NAV]

It is not looking for oversold market condition, but it is a continuation of prior uptrend which started on 8/16 as intermediate low.

This view is consistent as stated on 10/11 looking for a vst correction to reset daily OB condition.

As of today, 10/22 low was the low for this vst correction and I noted 11/2 +/- as pivotal confirmation for the continuation of up trend going into EOY.

I agree.

Edited by NAV, 05 November 2007 - 05:00 PM.

[ogm]

Give it a few days (maybe a week).
...

Your conversations with Tea and NAV don't make any sense, beacuse you are talking about different time frames.

Denleo

I'm in no hurry

Apparently it makes sence to Tea and Nav to point out that I missed a bounce on a 5 min chart. But I'm fine with that. Its all in good spirit from my side at least.

Your thesis is good, but it's also very common knowledge the fundamentals are F'ed up. You gotta get this Nasdaq chart harmonized with the rest of the indices to get the big overall decline you are expecting.... and that ain't happenin' YET... So when it goes, it all goes together.... then it can go deep. As long as this harmonic is out here, it's going to be tough to believe that the "top is in". And you know I"ll bet you one other thing too, that when the Nasdaq harmonizes with the rest of these charts that all the bull markets around the World will harmonize with it... If you get this one right, you win the prize.... end of story.

Semi, I didn't say anything about fundamentals.

As for the Nasdaq, its the strongest of the bunch, but it has quite a few negative divergences already.

I'm not really focused there, except for a few positions.

But broader market is in trouble. Even most Nasdaq stocks are in trouble except for a few that are proping up the indexes.

Edited by ogm, 05 November 2007 - 05:08 PM.

[Trend-Signals]

It is not looking for oversold market condition, but it is a continuation of prior uptrend which started on 8/16 as intermediate low.

This view is consistent as stated on 10/11 looking for a vst correction to reset daily OB condition.

As of today, 10/22 low was the low for this vst correction and I noted 11/2 +/- as pivotal confirmation for the continuation of up trend going into EOY.

I agree.

Nice to hear that you see my point...

Good luck

[SemiBizz]

As for the Nasdaq, its the strongest of the bunch

I'm not really focused there

Nasdaq stocks are in trouble except for a few that are propping up the indexes

My point exactly. You get that answer, that's the key to WHEN.

[Russ]

Test of Oct. low...time to go up now. The weakness of OGM's analysis is that there is no observation of what the volume is doing relative to the past.

Edited by Russ, 05 November 2007 - 05:19 PM.