Fully invested in secondary oils (100% long)
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Oops!... here's the link...
http://www.investorshub.com/boards/read_msg.asp?message_id=6403339
Naz Chart...
Awesome Chart!... (courtesy of denmo88)...
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]dacayiay[dc][pf][vc60][ila12,26,9!ld20!lb1....
MELT-UP TIME!!!
high/low indicator successfully tested support!...
http://trending123.com/_nahl__.htm
MELT-UP TIME!!!
TRIN topping... TICK bottoming... notice the "ascending triangle" on the Naz and the "symetrical triangle" on the SPX...
http://www.marketswing.com/realtime.htm
MELT-Up TIME!!!
put/call ratios are all extremely bullish!...
http://www.cboe.com/data/IntraDayVol.aspx
MELT-UP TIME!!!
SPX Chart...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]waclyyay[dd][p][vc60][iUa12,26,9!Lp14,3,3]&a....
5 waves up, and 3 waves down - now beginning wave 3 up from Aug. low...
MELT-UP TIME!!!
IMHO - wave 2 of 1-of-5 complete today...
wave 3 of 1 of 5 begins on Monday...
MELT-UP TIME!!!
denmo - I notice that your "denmo5" (denmo6 without the ADX) gave a buy signal on the May 4th close, whereas the standard "denmo6" didn't do so until the May 18th close... Is there any way you could back-test your system, to see if you would be better off using "denmo5" than "denmo6"?... I see that in this particular case, you would have made an additional 20 SPX, 120 NDX, 144 COMPX, or 158 DJIA, "round trip points"
denmo - nice chart!... (next stop 2076.32)
RALLY TIME!!!
Some people just don't understand "funny-mentals"...
"Markets are never wrong, although opinions often are"
(and the "melt-up" continues along it's merry way)
http://www.marketswing.com/realtime.htm
high/low indicator broke it's 200ma today!...
http://trending123.com/_nahl__.htm
MELT-UP TIME!!!
Google short interest 3.14% = $2 Billion!...
QQQQ short interest 36.47% = $7 Billion!...
As the shorts get squeezed, all those billions are chasing prices higher as the shorts run to cover!
MELT-UP TIME!!!
Dow high unconfirmed by SPX/NAZ (bearish)...
IMHO HOD is in!... probably heading lower into the close, with a lower opening tomorrow followed by a strong reversal back up intraday. ("Thursday Reversal Day")
extremely bullish event now imminent!...
http://news.yahoo.com/s/ap/20050517/ap_on_go_ca_st_pe/us_china_currency_6
thanks duchamp - expecting lower close tomorrow, with a strong reversal back up on Thursday continuing through Friday... In any case, the trend is your friend, and the trend is up!
'Looks like my expected "melt-up" has finally begun. I don't think it's wise to step in front of this bull stampede!
The "high-five" index is "mega-bullish"
http://www.21stcenturyfutures.com/page/tcf/aboutus/highfive.html
The put/call ratio is also extremely bullish!
http://www.cboe.com/data/IntraDayVol.aspx
A record low for specialist short ratio!
http://www.investmenttools.com/thefed/specialist_short_sales.htm
SPX - 3/3 up from LOD... RALLY TIME!!!
Building permits biggest rise since 2002...
By Greg Robb, MarketWatch
Last Update: 9:34 AM ET May 17, 2005
Construction of new U.S. houses rose 11.0% in April to a seasonally adjusted 2.04 million annualized units... This follows a 17.6% drop in starts in March to 1.84 million units, which economists blamed on cold and wet weather.
The increase in April housing starts was larger than expected. Economists were looking for starts to rise to 1.96 million.
The April figure is 3.6% higher than the 1.968 million-unit pace reported in April 2004.
Starts of new single-family homes rose by 6.3% to a 1.64 million seasonally adjusted annual rate.
Building permits for new housing rose 5.3% to a 2.13 million annual rate. This is the biggest monthly increase since December 2002.
Permits for single-family homes rose by 5.3% to a 1.64 million annual rate.
RALLY TIME!!!
Peter - you are obviously right... the proof is in the fact that if you look at a price chart of anything in which trading was suspended for quite some time, you will notice that the "pattern" that was originally in progress will continue from the same point that it would have been if trading had not been suspended... (if the trend was lower before suspension, it will re-open at a much lower level)
thanks aire - very interesting! (and logical)
RALLY TIME!!!
aire - is "crossing" considered half-way point?
aire - yes I know (great yuan/dollar discussion!)
I really enjoyed it!
RALLY TIME!!!
aire - indicators (e-wave, etc.) agree with you! IMHO Other e-wavers disagree, because they have the wrong count, and other Hurst cycle guys disagree, because they are "out of phase" due to a total mussunderstanding of the "funny-mentals"... Case in point: When I mentioned the fact that the imminent removal of the dollar/yuan peg was bullish for stocks and the dollar, they virtually "freaked out"!!!
IMHO today's advance (futures higher) will trigger a "MELT-UP" like the one in 1967 (remember Whitaker?), as one by one they change their minds! So today is extremely critical, one way or the other... If stocks were to close broadly lower today, I would change my mind... LOL
Here is a recent update on the dollar/yuan issue... (as I'm sure you remember, the British government denied that the devaluation rumors were true, and devalued the pound the very next day!)...
http://money.cnn.com/2005/05/13/news/international/china_yuan.dj/
IMHO this is why the dollar is moving higher...
RALLY TIME!!!
aire/chris GE 5-day hourly "triple-bottom" done...
another "triple bottom" on 2-day...
(both hit at once on Friday)...
RALLY TIME!!!
chris - Relax!... IMHO GE is headed higher from here...
http://stockcharts.com/def/servlet/SC.web?c=GE,uu[h,a]daclyyay[db][p][vc60][iUya7,14,28!Lc20]&pr...
and so is XOM...
http://stockcharts.com/def/servlet/SC.web?c=XOM,uu[h,a]daclyyay[db][p][vc60][iUya7,14,28!Lc20]&p...
"bullish divergence"...
RALLY TIME!!!
aire - JNJ Chart...
http://stockcharts.com/def/servlet/SC.web?c=JNJ,uu[h,a]daclyyay[db][p][vc60][iUp14,3,3!Lya7,14,28]&a...
"bullish divergence"...
RALLY TIME!!!
SPX Chart...
Here is the same chart plotted weekly...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]waclyyay[dd][p][vc60][iUa12,26,9!Lp14,3,3]&a....
("ascending triangle bottom")
RALLY TIME!!!
SPX Chart...
This amazing chart (courtesy of denmo83) shows a clear 5 waves up (wave 1) followed by a corrective wave down (wave 2)... It also shows the MACD just made a new 6-month high (bullish divergence)... It also shows the full stochastics just made a higher low (bullish divergence)... It also shows the SPX has made a higher high and two higher lows (wave 2 has ended)...
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]eaclyyay[d20040718,20041110][p][vc60][iua12,...
IMHO "wave 3 up" begins tomorrow...
RALLY TIME!!!
aire - 7 of 9 sectors making lows on Friday (XOI/XNG/OSX/HGX/CYC/XLB/UTY) were recently trading at all-time highs!... It seems logical that the strongest sectors would be among the last to bottom...
Interest sensitive bonds and preferreds are usually the first to move up in a new bull wave... They were up on Friday...
RALLY TIME!!!
tekprod - a computer malfunction generated erroneous trades...
(those trades have been canceled, and the "spike" has disappeared)
tekprod - here is your corrected chart...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[w,a]dacayyay[dc][pc8!c24!f][vc60][iUe8,24,8!Lv20
(the one on your post doesn't work, because it has 4 dots after the 20 at the end)
RALLY TIME!!!
economic indicators...
http://www.briefing.com/harrisdirect/stocks/ecdata/leader.htm
denmo - nice chart!... here's a closer look at the same chart...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]daclyyay[da][p][vc60][iUa12,26,9!Lp14,3,3]&a...
here it is again...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]dallyyay[da][p][vc60][iUa12,26,9!Lp14,3,3]&a...
another 3-month...
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]dallnyay[db][p][vc60][iUm12!Lya7,14,28]&...
cash - I agree that we disagree (although probably not for long)
the triple-bottom should hold, or break on Monday...
Boa noite amigo!
http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[h,a]daclyyay[db][p][vc60][iUm12!Lya7,14,28]&...
http://stockcharts.com/def/servlet/SC.web?c=$XOI,uu[h,a]daclyyay[p][vc60][iUm12!Lya7,14,28]&pref....
tekprod - another "aroon" for you!...
http://trending123.com/_nahl__.htm
today's zero crossing confirmed "buy" signal)
RALLY TIME!!!
thanks proformano - (expecting it again next week)
NDX was leading SPX lower - Now leading SPX higher... (a common occurrence)
SPX has just found major support at new "rising bottoms line"...
CBOE put/call ratio remains bullish with most index options traders bearish...
http://www.cboe.com/data/IntraDayVol.aspx
TRIN still low, and TICK is rebounding...
http://www.marketswing.com/realtime.htm
RALLY TIME!!!
PCR/TICK/TRIN bullish - Friday is UP Day...
http://www.cboe.com/data/IntraDayVol.aspx
http://www.marketswing.com/realtime.htm
RALLY TIME!!!
Peter - Yes, IMO 1.17 in late October!
futures - stocks up, dollar up, crude up...
http://mrci.com/qpnight.asp
RALLY TIME!!!