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The Put buyers just woke up....
2bit
I think going back to OEX 510/SPX 1115ish is a must for the market to continue...any thoughts ?
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anybody can speed with a Toyota and get away with it...LOL
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yes, but should be done with it soon
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I see OIH, XLF falling over...the market won't be long...
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AD issues indicate a short term sell, but the put buyers have to take up on it, right now they are scared shitless...if tomorrow fosters a big down day then they will come out...
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Yes...come back to reality baby...
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I have a sell signal on OIH...decline in oil bad for the economy and weighs on indexes also...
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Reversal Monday..
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Oman,
I think this is it for this burn..even if it gaps up, indications are it will end up lower Friday or next week latest...
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Fox, I think tomorrow may be a cycle turn date...just using my rudimentary EW....OEX 514, Mar 05... target OEX 479, Apr 09....now if it blows past 514 then all deals off...your thoughts...
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It looks like we got a temporary short term sell signal here...though the overall market is still bullish...
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Canadians rule supreme in Hockey...sorry Americans...
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Renk,
nice charts...let's compare notes again when it turns...
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It sounds like America really needs a third party....a new breed who thinks outside of the box...
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SDPRO,
you got it Pontiac, you know exactly what I am talking about...
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Jake,
ur observation is correct...MCO > or < 0 is a criterion for a trend change. Above is buy on dips and below is sell on rallies.
think of it this way, with all the bad economic news last week, the market would have sold off many times already. But because the fundamentals...AD issues are leaning positive that was why the market was able to sustain and chances are that if it does not go down then it will go up...market does not stay put very long...
Now unless Greece goes bankrupt then it negates all technicals.
Chile just had an 8.8 earthquake that interrupted the biggest copper producer in the world...with copper prices higher and perhaps commodities following suit that may fuel the market...will see
2bit
It is go...
Just finished my daily analysis..
MCO > 0, heading up
UUP, VXO down
OIH, XLF, NDX, OEX, FXE up
More green shoots folks, bears beware
have a good weekend all
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Deno,
yes those are the counter trend movements, play at your own risk...I am talking about trend trading where you make the most bucks...same as you can long the hour but short the minutes
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YOU, You, u......
Look at this chart, and I am not going to repeat it anymore, as long as MCO is above zero there is no change of trend...you see that was why every time it dipped in the last few days, it got bought back up, OMAN is right...you may see an explosive move to the upside next week...
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Hook & Oman,
That won't work. By doing that you will get the snow removal companies out of business and make unemployment rate shoot up to 20%...LOL
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aren't you guys going backwards...the daily chart should go first...not weekly or monthly...today it closed at a very important trendline and all indications are that it will surpass the line and go up.....
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Indications are that the market is turning up again at least the beginning of each month...a pattern...
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sorry for the late reply...this is OEX...I only trade OEX options
$oex or ^oex depending on your chart provider...the chart was done before the rebound...but I still think there should be more downside to come...one day down, the next up, resembles a top building process...
2bit
wow that is a lot...thanks
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I am a BMW guy too but can't afford it, I leave it to my wife to own a 15 yr old Honda SUV...I just leached on....
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good one...lol
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I had the second generation Camry and was told they actually put in a Lexus engine there secretly to test it out...since then I think the general quality has degraded.
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Are you Japanese?
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I owned a Toyota 10 years ago but as soon as I knew about thier much bragged about lean process. I stayed away. They will cut cost on everything, a bunch of greedy Japs...
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Yes I am. The health care system here is second to none. I am not sure about those procedures but one does not preclude the other. There are good and bad points such as reliability and serviceability. I know a lot of Americans come up to Toronto Shouldice Hospital for hernia repairs. They have to pay 4000-5000 but we pay nothing for the operation.
As for Danny Williams, he makes a mockery of our system, for he will be reimbursed by our health care system. He should be voted out of office. As I have mentioned earlier, don't think much of a Newfie.
As an aside, a Newfie joke for you " a guy went to the bank and was asked if he could identify himself. He pulled out a mirror and looked at it and said...ya I could identify myself"
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Blasher,
I could not help..don't pamper yourself too much and don't expect too much from a Newfie...sorry I had to say this...
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"ST. JOHN'S, N.L. - Newfoundland and Labrador Premier Danny Williams had his mitral valve repaired in Florida - a procedure he says was not offered in Canada.
However, Dr. Asim Cheema, a cardiologist at St. Michael's Hospital in Toronto, told QMI Agency that mitral valve repair is routinely performed in Ottawa, Montreal and Toronto. "
The NASDAQ has broken the important trend line to the upside...I see SPX 1160...
2bit
Ha, ur top calling starts again? what no is it? one?
LOL
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