MDA - Market Direction Analysis (MDA)

[RCKS]

LG thanks.
I agree, good money management is always prudent advice.

[LG]

RCKS: While the evidence continues to mount that Eli is leaving, due to the divergence between the NYA and COMPX during this last drop, I am aware that the market "may" provide another buying opportunity.

So prudent money management is always part of trading...

LG

[LG]

Ode to the Day Traders looking at to much technical stuff unable to decide...

LG

[LG]

Day Traders ode to Ms Market...gg

LG

[RCKS]

Thanks LG
I'm starting a position and will add as we clear the 1230-1240 level.
We'll see, markets have a way of doing what they want and they are, I'm sure frustrating both sides of the market lately.

[LG]

My song to Ms Market...

LG

[LG]

RCKS:

LG

[LG]

Vince Ferrell CNBC contributor, remains clueless. I can't imagine his Firm's clients faring well...

LG

[LG]

RCKS: Remember last year when I said Eli is coming?

Well, he is in the process of leaving...gg

LG

[RCKS]

FCRG Pattern sounds frightening.
Quite the reversal.
Do you think the market still has a McCain rally in it?
Tomorrow could be a reversal day but lately you feel like you need to change direction at the close to be ready for the next day.

[LG]

SPY...The rarely seen Flibobanchee Consolidative Reversal Gonad Pattern in play here. Don't get caught jacking around...see 1 min semi-log chart!

LG

[LG]

Today's price action is not new, it has all happened before. The Money Changers have the herd spooked. Now, when ever the herd hears the report of a pistol raised in the air, it shifts direction at full speed. The herd is at the mercy of Rowdy Yates...gg

Reel in your emotions and focus on the technicals, as days like this offer huge reward and are a traders dream. Keep an eye on the 60 minute semi-log all sessions chart for the SPY. Gaps are being filled and trees shaken as the Money Changers encourage riders to get off the train.

So let it be written, so let it be done...gg

Not current, but still worth a reread...

http://www.ameinfo.com/44661.html

LG

[LG]

Did your guru start off Friday telling you to expect a waterfall decline and a continued drop for days or more and then by the end of the day act like he or she was right about the rally? It is a phenomenon all to common on these investment message boards. Self styled gurus that ignore their many bad calls and take extended bows for the few and far between good ones. Or, maybe your guru is like the many that talk out of both sides of their mouth by posting a few charts they say are pointing up and then post a few charts they say are pointing down. Then when the market moves, they link back to the posts that were right.

Frankly, I can't see how in the hell these folks actually trade based on their fence riding or ever changing market calls. If you are tired of the same ole drivel, maybe you could use a dose of TheChartologist.

See my profile for the link...gg

LG

[LG]

Interested in how your state ranks in state and local taxes on a per capita basis?

Be sure to scroll down to 2008...

http://www.taxfoundation.org/taxdata/show/336.html

LG

[LG]

blasher: Check this out...

http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxes

LG

[LG]

rr: LOL... Robin Hood was a hero, different situation as the rich acquired their wealth by taking from the working man.

Now days, to work hard, take risk and acquire wealth, only puts you in the gun sites of the politicians looking to use their government power to confiscate wealth from you and redistribute it to those often less willing to work as hard and or take risk or (to those less fortunate which is forced charity which belies the term charity). And since the voting majority receives some sort of wealth redistribution, buying votes using wealth redistribution originally started by the Democrats has been in vogue for both the main parties for some time now.

LG

[rich ruscio]

LG,

Surely you must know that in this environment, your fair share will always be 10% more that you're paying.

Robin Hood is a hero, The Sheriff of Nottingham, the bad guy. Old tradition, and it pre-dates Marx. And, Obama.

rr

[blasher]

Same here! ... what a joke democrats are . . . ...
and the people that blindly follow them.
Unbelievable!

[LG]

The numbers for 2005 thru 2007 are not available yet, but in 2004 I paid more Federal income taxes than an estimated 57.5 million people that earned income in that year COMBINED and that number is likely much higher as many of the tax returns were joint returns.

And the democrats say those of us actually paying taxes are not paying our fair share...

LG aka TheChartologist.Com

[doniam]

We were able to get him on the ticket in NC and my intention is to vote for him.

[LG]

If you are truly tired of the status quo, then vote Libertarian in November.

LG aka TheChartologist.Com

[LG]

The Collapse of the American Empire

WAKE UP AMERICA

United we stand, divided we fall…

LG aka TheChartologist.Com

[TREND1]

Just joined your new web site.
Now trading SSO and SDS using "your" system of
multi time frames.

Monthly
Daily
Weekly
60 min
30 min
15 min
3 min
1 min

[LG]

Goldman Sachs finally shifting to a sell rating on GM after it had already fallen to a 34 year low is pathetic. And GS is considered the best of the big brokerages. Yet another very good example of why everyone should learn how to make their own investment and trading decisions.

Regards,
LG aka The Chartologist
http://thechartologist.com/

[RCKS]

Great to see you are still kicking down the trading doors, LG.

[LG]

$NYA Daily Chart…

My TradeStation NYA (NYSE Composite Index) Daily Semi-log chart...
I included a Data Window for those wondering approximately
where the trend lines were, at the time I screen captured
this chart, 10:40 AM Central Time. You might note that the NYA
on 6/12 bounced between the 4/14 pivot low (8903.42) and the
Fib 38.20% price projection target of (8906.60). Next Fib price
projection target is 61.80% (8424.33). Of course, none of this
stuff is %100, so do your own due diligence. Before that Fib
level is to be reached (if it is), the NYA has to break the
current 2003 Adj Rising Support Line and my daily OB/OS model
is in its oversold range, suggesting consolidative price action
is close.



Regards,
LG aka TheChartologist

PS: POT is paying off like a rigged slot machine long and short. A day traders dream!

[LG]

Just a heads up...

My TradeStation Dow Industrials Weekly Semi-log chart...
Note that following Eli's arrival in Oct 07 the Dow dropped
below its 1982-2003 Rising Support Line. The broken RSL now
acting as resistance held the 08 January bounce and the 08
March test of the Jan low and following approximate two month
counter treand rally. The 03-08 Rising Support Line was tested
yesterday and if the futures hold, the current "in play" RSL
off the 2003 low will be breached today. See Fib price
projections for possible targets as Eli continues to break
hearts.

NOTE: Chart is a dual 19 inch screen capture and is very wide.



Regards,
LG aka TheChartologist

[extelecom]

Maybe if you advertised like someone we know you could get preferential treatment...

[LG]

Worth the read part II...

http://www.fool.com/investing/dividends-income/2007/12/12/the-impending-destruction-of-the-us-economy-part-2.aspx?

LG

[LG]

Have a fun and safe holiday season everyone...

MERRY CHRISTMAS

I will be away from my trading desk until after Christmas.

Regards,
LG

[LG]

Worth the read...

http://www.fool.com/investing/general/2007/12/11/the-impending-destruction-of-the-us-economy-part-1.aspx

Regards,
LG

[RCKS]

LG
The blog is excellent.

[extelecom]

There ya go...

[LG]

extelecom: I might consider that, if there were a way to blog anonymously...gg

LG

[extelecom]

Maybe you can start a "blog" <VBG>

[LG]

Here is my Multiple Time Frame Workspace with the SPY pulled up
as promised...

My TradeStation SPY (S&P Deposit Receipts) Multiple Time Frame workspace

I am not going to be making comments other than to point out
the trend lines I mentioned. You can see the Oct 07 FRL
(falling resistance line) illustrated in solid green and the
Dec 4th RSL (rising support line) which was broken in today's
trading as a dotted red line. You might note how price action
bounced up against and down the resistance line.

NOTE: This image is very wide as it is a dual 19 inch monitor screen capture.



LG

[LG]

Take the time to read this...

http://www.washingtonpost.com/wp-dyn/content/article/2007/12/04/AR2007120402186.html

LG

[LG]

This is how most of us learned our ABCs...gg

Of course, trekkies learned it this way...

LG

[LG]

DONALD TRUMP VS. ROSIE

LG

[LG]

WHERE DOES HE KEEP HIS WALLET?

LG

[LG]

Best DUI Ever

Hell I can’t recite the alphabet backwards completely sober.

LG

[LG]

Itchy Nuts DUI...

LG

[LG]

Anyone that has conversed with me on these investment message boards over the past decade has read this on several occasions before, but this time I really do mean it. I am going to stop posting publicly on investment message boards by the end of this year if not sooner.

However, I am entertaining the idea of continuing to share my analysis with others that are willing to do the same on a non public thread if there is enough interest. The thread will not be in competition with SI, iHub or any other message board for that matter. The thread will be restricted so that only members will be able to read the thread or post on the thread. The thread will be free.

Initially access (membership) will be offered to just about anyone interested in reading the thread and or contributing to the thread. However, after the initial enrollment, new membership applicants will be by referral or invitation only.

If you are interested in continuing to interact with "yours truly", drop me an email at "[e-mail]" to let me know. Please include your SI and or iHub alias, so I will know who you are...

Regards,
LG

[Waverider110]

Figure out this chart, and

you will have figured out the problem for many financial institutions who's assets are very similar to the ones that make up this financial index (now you can see why the 2yr./10yr US Treasury interest rate spread hit 79.5 last week when it was at 45 in Sept/Oct.):

TIME TO WRITE DOWN ASSETS AGAIN CITIBANK AND WALL STREET HOUSES!-or the shareholder's lawyers will get ya!

[Rick Louden]

Yep......looking ready for a nice run up despite all this subprime and $100 oil and falling dollar and war and .......

But of course only time will tell.

[mikemargin]

how much of a retrace d you expect here

[LG]

Rick Louden: Ready for an end of year rally to new highs?

Is that your call?

LG

[Rick Louden]

Nice recovery this afternoon in the Dow, New York Stock Exchange Index and S&P 500. Ready for an end of year rally to new highs?

[LG]

Pimps...

http://www.wtopnews.com/?nid=116&sid=1287449

[LG]

$SPX (S&P 500 Index)....followed by SPX issues above their respective 50-Day SMA and 200-Day SMA...

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p85944797640


$NYA (NYSE Composite Index)....followed by NYSE issues above their respective 50-Day SMA and 200-Day SMA...

http://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=3&mn=0&dy=0&id=p49687730894


$COMPX (NASDAQ Composite Index)...followed by NASDAQ issues above their respective 50-Day SMA and 200-Day SMA...

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=3&mn=0&dy=0&id=p46044034678