Fully invested in secondary oils (100% long)
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Thanks frank - I was thinking 45 max!... (possible, but not probable)... a rising dollar should be bullish, since it will encourage foreign investors to profit both ways... rising crude oil will be bullish (as long as it doesn't rise too far, too fast) because it will create a little inflation to hedge against (by owning stocks and real estate)... "every cloud has a silver (gold?) lining"
RALLY TIME!!!
tekprod - No "kiss of death"... Dow will rebound back up past resistance on the open, and then come back and "kiss it from above" before continuing higher (much, much higher)... Aroon Rules!!!... JMHO
chefjack - I think you'll make a killing!... if you look at the futures, you will see that your timing was perfect!... Congratulations!
http://money.cnn.com/markets/morning_call/
Let's Rock and Roll!!!
cash - INTC is great for options trading!
lots of "green" after hours!...
http://www.afterhourtrades.com/realtime.htm
RALLY TIME!!!
frank - what's your count on crude oil?...
(I have fifth wave down ending diagonal)
blackcloud - no, they buy when it's low, and trending higher; and sell when it's high, and trending lower... (wouldn't you?)
USD - Break-out to new high!... (bullish)...
This is bullish because foreign investors will buy US stocks to take advantage of the rising dollar...
http://www.unitedfutures.com/quotes.htm
RALLY TIME!!!
aire - examining AAPL after reading your post leads me to believe that the 10-week cycle can run anywhere from 6 to 14 weeks... is that correct?... (first low on your chart is 14 bars before the second one on 8/2, and the week of 4/29 is 6 bars from the previous low on 3/7)... so if this is correct, everything you say makes perfect sense to me... (I haven't done the course, and it's been several decades since I read the book, which I still have in storage in California)...
btw - I see the index futures are moving higher!...
RALLY TIME!!!
Blue Ridge Energy chart...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=BREY&sid=19613
RALLY TIME!!!
SPX 1157 support successfully tested - RALLY TIME!!!
TICK has bottomed, TRIN has topped...
http://www.marketswing.com/realtime.htm
put/call ratios bullish...
http://www.cboe.com/data/IntraDayVol.aspx
SPX MAJOR SUPPORT at 1157 (back-test of declining tops line)... (SPX LOD was 1158)
SPX 1163 support broken - Next support 1157...
'looks like another down day until tomorrows' "Thursday Reversal Day"!
PCR 1.13, TICK/TRIN bullish - Dow low unconfirmed by Naz/SPX...
re-test of lows complete!...
RALLY TIME!!!
http://www.cboe.com/data/IntraDayVol.aspx
http://www.marketswing.com/realtime.htm
"Gap and Run"... (7-day low is in)
RALLY TIME!!!
duchamp - IMO today was the final bottom... the volume was extremely light, and it closed virtually unchanged on the day... (possible confirmation tomorrow)
Blackbelt - IMO most posters are still unsure... (which is probably bullish)
IMO the trend is UP!!!... Long-Term (from 1932), Intermediate term (from 2002), Short-term (from last August) Very Short-term (from April 29th, 40-week cycle low), and intraday (from today's 7-day cycle low, SPX 1193)... anything else is simply corrective...
http://www.investmenttools.com/thefed/specialist_short_sales.htm
http://marketmonk.blogs.com/pmtc/2005/03/sp_500_long_ter.html
http://stockcharts.com/charts/performance/SPSectors.html
http://www.amanita.at/e/faq/e-bradley.htm
http://www.markettrak.com/safety.html
http://trending123.com/_nahl__.htm
RALLY TIME!!!
aire - SPX 1163-support (previous high) has held... TRIN has topped, TICK has bottomed, and volume is dull... 'looks like the 7-day cycle low is in...
http://www.marketswing.com/realtime.htm
RALLY TIME!!!
chuck - if the 80-week high is "right-translated" it shouldn't be due for 2 or 3 months... (aire, correct me if I'm wrong)
put/call ratios bullish - TICK/TRIN reversing, RALLY TIME!!!
http://www.cboe.com/data/IntraDayVol.aspx
http://www.marketswing.com/realtime.htm
umitd - nice "break-away gap" on EMC... when it gaps up again, that will be the "measuring gap" which will tell you the current move is half done... The next gap up will be the "exhaustion gap" which will confirm the end is near... Any gap that is "filled" doesn't count... (as mrcash would say, that is the "ideal" scenario)... Good luck, and good trading!
Peter - Welcome back!... Congratulations to you both!!!
Don't count on any "tradeable tops" soon!... Bull markets are not that accommodating to late-comers... NUAN up 62% AH...
http://www.afterhourtrades.com/realtime.htm
RALLY TIME!!!
lexus - thanks, interesting that there are different interpretations of Bradley... (just like e-waves and Hurst cycles)
lexus - where is the link to the chart that disagrees with this one?... (the one that says there is a Bradley turn date on the 11th)... or is that just something you heard in the "rumor mill"?
http://www.amanita.at/e/faq/e-bradley.htm
lexus - this link shows no Bradley turns until early June... and no MAJOR Bradley turns until July 13th (which I was thinking would be the next top)... Do you have another link?
http://www.amanita.at/e/faq/e-bradley.htm
aire, SPX - now it's an "ascending triangle"
IMHO the pullback is done...
RALLY TIME!!!
TRIN topping, TICK bottoming... RALLY TIME!!!
http://www.marketswing.com/realtime.htm
Investors Intelligence: Bullish Advisors-Bearish Advisors...
"markets are never wrong, although opinions often are"
http://www.vtoreport.com/sentiment/sentiment.htm
http://money.cnn.com/markets/morning_call/
GE - the big picture...
http://stockcharts.com/def/servlet/SC.web?c=GE,uu[w,a]waoayyay[de][pc50!f][vc60][iLg!Lp14,3,3]&p...
RALLY TIME!!!
Every year ending in 5 (05, 15, 25, 35, 45, 55, 65, 75, 85, 95, 2005?) has been an up year in the stock market going back over a hundred years (some in a very big way)...
RALLY TIME!!!
denmo - I'm an e-waver! Here's my count...
http://marketmonk.blogs.com/pmtc/2005/03/sp_500_long_ter.html
you're right! the naz is down 10% year to date... (I just checked)... not that it matters, since I have practiced what I preached, and stayed in the oils 100%... in case you haven't noticed, the oils are up over 20% ytd!!!
On a more personal note, I admire and respect you as a trader, and have often complimented you on your charting expertise over the years... I wish you continued success!
RALLY TIME!!!
aire - right now, when it's obvious to you and me that an important bottom is in, not one e-waver on this board has called the turn... They are too busy trying to figure out which one of their bearish counts is correct... LOL
In fairness to the e-wavers, I should also note that very few Hurst cycle traders on this board are long either... (I guess that's what makes a market)
Boa noite!
Gary - Specialist short sales are usually highest at market tops, and lowest at market bottoms... That is the reason the lines normally move in sync... Right now, specialist short sales are the lowest they have ever been (the second chart goes back almost 50 years)... In the 3rd chart, you will notice that the moving average is at an all-time low, whereas the SPX has turned up, so they are not in sync... This week the ratio is .159; when you add that to last weeks .147 it implies a bottom of some significance...
RALLY TIME!!!
Regards,
Robert
Specialist Short Sales - strong buy signal...
http://www.investmenttools.com/thefed/specialist_short_sales.htm
RALLY TIME!!!
O'Neil "Bottom Spotter" - confirmed buy signal...
http://traders-talk.com/mb2/index.php?showtopic=34424
RALLY TIME!!!
why GOOG is at all-time highs...
http://www.fortune.com/fortune/technology/articles/0,15114,1050065-1,00.html
RALLY TIME!!!
aire - I don't even watch the DJIA, much less the NDX (except to check for "divergence" to pinpoint reversals intraday). As far as I'm concerned, the SPX is the only "index" worth watching. Other than that, I watch a few key stocks (mostly oils) because I know those "narrow based indexes" are too misleading. I always laugh when I read something like "82% of today's decline in the Dow was caused by the drop in IBM"
As far as the Nazdaq is concerned, this is all I care about...
http://trending123.com/_nahl__.htm
plus the CBOE put/call ratios, and the NYSE TICK and TRIN
http://www.cboe.com/data/IntraDayVol.aspx
http://www.marketswing.com/realtime.htm
I also care what you and the other "cycle guys" think and I keep a finger on the pulse of the major Bradley turn dates.