LOD successfully re-tested... RALLY TIME!!!

frank - Why is that negative/bearish?

IMHO lunch is over... RALLY TIME!!!

chubbie - one of my favorite quotes...

"Markets are never wrong, although opinions often are!"

IMHO LOD is in - higher high (and low) on SPX 1-min...

RALLY TIME!!!

DowDeva - You are not the only one who knows about the stock lock-up expiration, so it is probably already discounted in the stock price. (don't worry about the "funny-metals")

Cheers,

cash - since we are not getting the big "rally on close" that I expected, I must agree that we could "gap and run" on Monday... Have a great weekend!

cash - Or a big rally today, with a correction on Monday.

(we could hit your 1560 NDX by the close today)

linzy -

Thanks amigo... Have a great weekend!

Robert

linzy - I expect a 200-point Dow run-up!

cash - Naz bellweathers INTC and GNSS are leading the Naz into the fray!

aire - ROFLMAO! Great analysis! Great Analogy!

aire - If McClellan said 100 points back then, he would probably say 200 points now. I expect a 200 point run-up tomorrow!

Re: FRE FNM - Both charts show bullish divergence!

chubbie - your chart of the DJIA is great! It shows the ma crossover, rsi, and macd are all in uptrends, but not overbought... What could be more bullish than that?

Tomorrow is Friday, the best up-day of the week, so the set-up is complete for a bull market "Gonzo Friday"! (JMHO)

frank - Also an ascending triangle breakout!

Oil stocks are pushing DJIA/SPX higher...

Oil is the key commodity...

(gold is just a relic of the past)

cash - seems like the DJIA is the first to rise, and the last to fall... IMO the best bet now is to stay long the oils.

SPX 5 min - opening gap filled, double bottom formed...
RALLY TIME!!!

XOI - Oils roaring to new all-time highs!

cash, aire - Also, Thursday is reversal day!

cash - Relax man, the blue chips always lead the rest of the market... In other words, the dog wags the tail!

Disappointment ignored - CSCO off 0.20 AH (bullish)

CSCO - Dissapointing sales/margins ignored by markets (bullish)

aire - Yes, it was on channel 22. John Bollinger was the con-artist's assistant. He used to pitch his "Bollinger Bands"

Oils at new all-time highs in spite of lower crude (bullish).

If the market ignores dissapointing earnings from CSCO, that would be bullish. If the market doesn't rally hard on a good report from CSCO, that would be bearish. (It's not the news, but how the market reacts to the news.)

So many waiting to "buy the dip" that I don't expect much of a dip anytime soon... Short-term cycle lows could be nothing more than pauses on the way up.

frank - don't worry about "funny-mentals"

Who knows? Weekend hang-over? Profit-taking from Friday? Your guess is as good as mine!

In bull markets, most Mondays are flat to lower.

frank - maybe low volatility is nothing more than low public participation, and therefore lower option premiums

frank - Do you agree with FA that low market volotility equates to high complacency? A ten-year chart of the VXO shows that the last time volotility was this low was in 1995, and you know what happened after that!

aire - Using monthly charts, it looks to me like we are just beginning 3-3 up from the bear market bottom in October 2002, so apparently we are in agreement. Yes, I too, have heard that Don Wolanchuk is one of the best. He has made comments on the financial news channels for decades!

XOI OIH - Oils continue making new highs!

FA - MACD and moving average crossover are on a BUY on all of your time-frames!

Bull markets close strong on Friday! (with a correction on Monday)

got a slightly larger 2 up off the low...

(now starting wave 3)

I expect we close in green across the board...

(Thursday is often at least a short-term reversal day)

Not if you look at Dow and Naz...