MDA - Market Direction Analysis (MDA)

[boo boo]

NYSE Bullish Percent

[boo boo]

Nobody here to discuss most important part of trading. True and sad!

[LG]

Raging Bull posts in 2007. Click on the link and then to follow the conversation keep clicking on "Newer" in the upper right hand corner...

http://ragingbull.quote.com/mboard/boards.cgi?board=BANMAN%27S&read=24827

[LG]

I guess this is worth posting here. Be sure to read the thread header...

http://investorshub.advfn.com/boards/board.aspx?board_id=15452

[LG]

Peter Schiff Video Blog 4/20...

http://thechartologist.com/video.html

Regards,
LG

[LG]

EVEN IN THEIR SIXTIES THEY ARE STILL GREAT...

http://www.thechartologist.com/video.html

Regards,
LG

[LG]

National TEA Party Day
Wednesday, April 15, 2009
Participate at your local party
BE THERE
www.TEApartyday.com


http://thechartologist.com/video.html

Regards,
LG

[LG]

I have a favor to ask. If you use TradeStation would you please call and complain about the SPY's weekly volume bars being negative. This has been skewing my technicals for weeks now as you can plainly see.

Call 800-871-3563 and ask for tech support and tell them to get this fixed ASAP. The more that call the more likely TS will get it fixed. I have been trying to get TS to fix this for weeks now. Thanks in advance for anyone willing to help...



LG

[LG]

I will be posting here going forward...

http://investorshub.advfn.com/boards/board.aspx?board_id=13554

LG

[LG]

The geek that wears those black horned rimmed glasses on CNBS is the biggest idiot on the channel. He should go back to entertainment reporting...

LG

[RCKS]

agreed
If we are not careful we will peeking at her panties, vbg.

[LG]

RCKS: A Dolly Parton full plot, depends on whether price can droop below the cleavage...gg

LG

[RCKS]

I'm with you on your thinking here as well.
In fact in the back of my mind I've wonder whether we fully complete the Dolly Parton structure/form? That would take us to the 500 level on the spx.

[LG]

RCKS: In spite of my earlier cries that Eli's was leaving and has left, with the technical damage of this drop well below the Oct 2007 falling wedge, it is likely the market has entered a period rarely seen. If so, we are in a revaluation period and this low will only produce a rally that remains below the now broken falling support line of the SPX Oct 2007 falling wedge. If that is the case, a low in the 960 general area will not be "the" low for this decline.

Given that the US is well overdue a severe recession, given that the K Wave has approximately a 50/60 year cycle, we just may go through a drawn out recession if not a depression, especially given our Government's free market interference.

In 1907 and 1920 we had two very short depressions (each lasted only a year or less) where the Government failed to do anything. However, following the 1929 stock market crash, the Government got very busy (enacting a lot of socialist and protectionist programs), which many market and business cycle historians believe extended and made worse the depression. It took World War II to pull the US out of it...

LG

[RCKS]

I'm with you on that.
I think we need a little panic selling and when we lift off price should not look back for awhile with big volume.

[LG]

RCKS: In medium to longer-term positions, close works.

My TradeStation SPX (S&P 500 Index) Weekly Semi-log Chart
Note the dashed horizontal line at this week's low so far, glancing to the left to note the number of inflection areas(support/resistance) along its backward path. While still above the 960 range it illustrates the support in or near the range...

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

http://img293.imageshack.us/my.php?image=20081008tsspxweeklyqg5.gif

LG

[RCKS]

I still think 960 will be tested but time will tell.

[LG]

RCKS: Well here is the chart without the typos in the text box. I couldn't get ImageShack to upload the chart with the corrections before the prior post on iHub edit function timed out on me. ImageShack has become an undesireable tool, but iHub's "Image Upload" shrinks my large charts too unreadable sizes.

With so many folks watching the 960 area, I am not surprised that buying came in above the range as traders work at getting ahead of the herd...

http://img233.imageshack.us/my.php?image=20081008tsspxdailydc9.gif

LG

[RCKS]

I agree.
I think this liftoff was a fake out and there is more work to do on the downside. We'll see.

[LG]

RCKS: 960 area is a likely range for a bottom...

My TradeStation SPX (S&P 500 Index) Daily Semi-log Chart

NOTE: This image is a three 19 inch monitor screen capture and is very very wide.

http://img233.imageshack.us/my.php?image=20081008tsspxdailygt7.gif

LG

[RCKS]

Do we bounce from 960 tomorrow or do we systemically sink into the 800's?

[LG]

I believe the market is suffering from an "organic systemic" problem...gg

LG

[LG]

RCKS: The Dolly Parton formation was first made public back on the old SI Market Direction Analysis thread, now labeled the Market Direction Discussion thread, by yours truly in 2000.

Speaking of the SPX, looking back left on the chart, one will notice the first time today's prices were reached was back in Feb 2008. If one did not time the market, one is back to square one. In fact, based on inflation and compared to interest bearing instruments one has lost money.

Speaking of ten years, has anyone seen the recognition wave that has been touted on the investment message boards for almost ten years now?...gg

LG

[LG]

RCKS: Given her age....indeed...gg

LG

[RCKS]

LG
The SPX monthly is starting to take on a Dolly Parton look?

[RCKS]

LG
I agree with your comments to me.
In part, I want this to get nasty and for it to wake up people all across our landscape, regardless of their existing political views and demand that all those responsible be held accountable. Although I can not imagine how long and drawn out a process that would be. Can Grand Jury's indict congress and those responsible for oversight?

[LG]

Lehman Bros CEO Rich Fuld being roasted today by the House Oversight Committee. What we really need is for the House Oversight Committee to be roasted...

LG

[LG]

RCKS: No time this weekend...

CNBS last week was selling the bailout and pointing out the Trillion dollar plus decline after last Monday's no vote in the House. Well they got the bailout passed and signed in to law Friday, and now this week the market is well below last Monday's low and another Trillion dollars lopped off the market and not one word about that.

Now the CNBS "All Stars" are just babbling about no trust in the markets. It is like the 850 Billion dollars just went down a black hole...no surprise there.

(Not addressed at you RCKS) What do all you f'ing idiots that supported the 850 Billion Dollar bailout say now?

LG

[LG]

RCKS: I am going to try to find the time to take an in-depth look at the overall equity market this weekend and do a website update. Clearly, Eli left post haste to take his profits and run from Paulson, Cox, Bernanke and crew.

It goes without saying, I was wrong regarding my "significant low being in" call. However in all fairness to myself, I was not expecting such a grand money grab by the Money Changers. I am indeed sad, as they apparently feel they can now prosecute their evil practice in front of our citizenry brazenly in the light of day and still get by with it and obviously so.

That says volumes about our political leaders and it say volumes about our media (all either in bed with the Money Changers or too stupid to see what is happening right in front of them). And, it says volumes about our Nation's citizenry in general (cattle that stampede in the general direction desired when ever a pistol is shot into the air)...sigh!

At first blush, while we may see a bounce, I doubt the decline is over nor the amount of debt that is still to be laid upon the shoulders of those that actually pay our Nation's bills regarding this criminal transfer of toxic debt onto the backs of our Nation's tax payers.

I pray for God to help our Nation, as it needs his guiding hand as much if not more than ever before, because evil is among us and it is not wearing an enemy uniform...

LG

[RCKS]

LG
I am in your camp on all these posts. I do remain an Independent though. I do not agree with all of the libertarian principles.
But I am for less government and I do see the Fed Bernanke and Paulson as out of control.
Do you have thoughts on where they bounce this market from?
It seems likely that we at least test 1200 before we test 1000 and below. We are so close to 1060 I could see us there on Monday or Tues at the latest.
Have a good weekend LG.

[LG]

Monday's House vote saw the market down prior to the vote. However, as the vote began the market began to fall and ultimately managed to fall an additional approximately 570 points as measured by the Dow Industrials and then rally approximately 200 points into close. However, the Money Changers managed to push the Dow down an additional 184 points after the close, to paint the tape. The Dow closed down 777 points. That means the Dow managed to lose with a lot of help after the close about 570 points after the vote began.

Now today with a yes vote, the market was up about 300 points when the vote began. The down managed to lose approximately 450 points closing down 157 points. Of course there was no tape painting after the close this time.

The SPX closed well below its Monday's close today.

Do you think the anchors on CNBC and the various pundits are going to rail about how much money was lost today following the yes vote as they did following Monday’s plunge after the no vote?

No F'ing way....(they have gotten what they wanted.)

What a huge scam perpetrated on the American Taxpayer. It is amazing how many participated.

LG

PS: All numbers above are rough estimates, but they make my point.

[LG]

If you are in the top 10% of wage earners, this 850 Billion dollar bailout and pork bill, just added over $44,000.00 to the debt you owe.

Of course, if you are in the bottom 50%, since you don't pay taxes and thus never help pay any of our nation's bills, your debt load did not change...it remains at zero.

LG

[LG]

Latest financial market pundit and anchor person buzz words…

Organic and now Systemic

Do these idiots even know what these words mean?

These folks are just nuts...gg

LG

[LG]

Pelosi: "Our message to Wall Street is the party is over".

Yeah sure, while in the next breath you want the House to vote to give them 700 Billion to start the party all over again...sigh!

Our Federal Government is just nuts...

LG

[LG]

If you are sick and tired of the Republicans and Democrats doing what serves their best interest with little regard for what is best for the citizens of the USA or what the citizens of the USA want, if you REALLY want change, there REALLY is only one option...

http://www.lp.org/

LG

[LG]

Input your zip code, then after your Senators' and Representatives' contact information comes up, call your Representatives again or email them buy clicking on "web form"...

http://whoismyrepresentative.com/

Tell your Representatives to vote no, on this new bill with over 150 Billion in earmarks, sweeteners the Senate leaders call them, which are being used as bribes by the Senate to encourage Representatives to vote yes on the 700 Billion Dollar Bailout. We are being told this is the largest financial crisis since the Great Depression and still our Senate plays their games by adding a 150 Billion in earmarks rather than allow this bill to pass or fail on its own merits. Now the total is 850 Billion Dollars. Both McCain and Obama voted for this scam.

Do you know that some Congressmen estimate that half of the 700 Billion will be used to bailout foreign banks and investors that bought bad American real estate debt. And, that the money can also be used to bailout bad credit card debt as well.

If this passes, this will eventually prove to have been the biggest government sanctioned theft in world history...

LG

[LG]

RCKS: Discrimination is wrong when whites do it and it is also wrong when any other races do it. I believe all men are created equal and that we all should be treated equal by each other. All men and women should be judged by their character, abilities and deeds and not by the color of their skin, gender, religion or sexual preference.

I do not deny that on some level white racism still exists, but it also exist on some level for other races as well.

For many years now, the label of racist has been used to silence whites on many topics. Somehow standing up for yourself or your race seems to be racist "only" if you are white.

I say enough...

LG

[RCKS]

I do not disagree LG.

[LG]

RCKS: There is one color that is not in the Rainbow Coalition and one color in America that does not warrant political correctness...WHITE

Can you imagine the outrage if there were a WET TV channel or the outrage of a TV awards show that honored the achievements of White Americans? Or, the outrage if there were a Ms. White America contest or a national Euro American history month.

Can you imagine the looks folks would get if they began to wear t-shirts that said “White is Beautiful”?

It would all be considered...RACIST

LG

[RCKS]

LG
That is sad commentary on america. I thought Geraldo was there falling on his butt looking out for everyone's best interest?

Eli is acting like a hurricane himself, bg.

[LG]

Hurricane Ike one of the most devastating storms in American history and three days after the storm, just about the only coverage is from State and local TV, the main stream media for the most part moved on. I can only assume not enough dark skinned folks in harms way. Galveston and the Bolivar Peninsula have over 400 folks still missing.

http://www.txcn.com/sharedcontent/dws/txcn/houston/stories/khou080930_tnt_missing_bolivar_galveston.c9769d04.html

LG

[LG]

Beyond a shadow of a doubt the anchors on CNBC have been selling the passage of a bailout bill.

NBC is despicable...

LG

[LG]

POT <----- 96.62 is the 61.80% retrace of the rally from the 2000 low of 7 bucks to the 2008 high of 241.62. With this huge drop this morning it is close to being oversold in all my intraday time frames, daily and weekly.

Just a heads up...

LG

[LG]

rr: Senator Cornyn voted yes. He wasn't available (no surprise there), so I gave his staff a piece of my mind.

Senator Hutchinson's phone is busy. I'll keep trying...

LG

[rich ruscio]

LG:

Texas - you're lucky.

My Senators are Chucky and HildeBeast. What can I tell them they've not already heard ...

rr

[LG]

I just talked to several House Representatives from Texas and they voted no, I encouraged them to continue to stand tall and vote no again. They said they will vote no...

I encourage everyone to call their Representative and urge them to vote no on any bailout plan.

http://whoismyrepresentative.com/

Then you might call your Senators and find out how they voted. If they voted no, praise them and encourage them to continue to stall tall. If they voted yes, tell them what fools they are...

LG

[LG]

It was Government actions that in part beget the Great Depression and it was Government actions that extended the Great Depression. It took World War II to get us out of what the Government had created and extended...

http://www.thenewamerican.com/history/american/235-the-great-depression

"The Depressions of 1907 and 1920 were both over within a year, even though the Federal government did virtually nothing in response."

http://www.amatecon.com/gd/gdcandc.html

LG

[LG]

POT <----- 124.31 is the 50% retrace of the rally from the 2000 low of 7 bucks to the 2008 high of 241.62. POT getting fairly oversold on a weekly basis.

Just a heads up...

LG

[LG]

Correction to a chart I posted yesterday. That 7164.55 NYA high was the closing high, not the intraday high...



Regards,
LG

[LG]

OK rather than have folks have to put me on ignore over on ajtj's thread, when ever I have the urge to post something other than on my website, I'll post it here, but it is time for me to get back to fewer is better again...gg

LG