husk...

Very complimentary:

airedale,frank...

NDX 1630

Matches the German dewd's thoughts:

NDX:

The downmove of the past days is impulsive and the trend points down.

There are two possibilities, either a zig-zag, in which case there will only be one downwave until Thursday, or in the second count losses to the 1630 area are possible.

A move above 1698 negates the more bearish outlook. A weak opening implies a move to first 1676, and later 1663.

http://www.wallstreet-online.de/nachrichten/bilder/057/62/11

(Thanks C)

airedale88...


It is possible that someone on this board is Dr. Baker.

Don't be upsetting the apple cart. I don't need anyone stealing my stuff. LOL. I stole my stuff fair and square and it's now mine. LOL.

Maria fills out a dress nicely...

but I still like the redheaded Liz Clamen better.

airedale88...

I've known you from back on ol' Raging Bull.

Always appreciated your input. Don't say it often enough.

Thanks!

Cashed out...

One and done. Cha-ching!

100% to cash.

Cashed out...

One and done. Cha-ching!

100% to cash.

KeithK...

I was watching that 1295 area also. That's the 61.6% retrace as well as the 50dMA.

I'm still rooting for more down into May, but nothing overly dramatic.

mr_cash...

Went long for a bounce.

The 15 and 30 minute COMPQ charts have positive D that can be seen on the MACD. Sorry, can't post minute charts here.

Using the April 17th low, I've got a 50% retrace on the SPX. We also caught a bid at the 13dMA and 20dMA. The 20dMA is also the mid-bollinger band. I'm looking for a small long bounce to re-set the short term charts, then more down.

daaverage...

The 15 and 30 minute COMPQ charts have positive D that can be seen on the MACD. Sorry, can't post minute charts here.

Using the April 17th low, I've got a 50% retrace on the SPX. We also caught a bid at the 13dMA and 20dMA. The 20dMA is also the mid-bollinger band. I'm looking for a small long bounce to re-set the short term charts, then more down.

All in on the long side for a trade. eom.

GLENO...

My son was in Little League/travel baseball for 10 years. Always a riot watching the kids play.

omandan...

I'm still sitting this dance out. Maybe into the 2nd week of May.

I worked on the girl's softball field this weekend over at the High School. Me and a dozen other guys put up a new, 6ft. high, 300ft. long chain link outfield fence. Musta been 40 post holes dug and every one was 48 inches deep. Concrete is heavy. Lotta laughs. Amazing what a bunch of guys can accomplish in a weekend. Pretty zonked right now but worth it.

Too fast too far...

Everything shot up parabolic-like.

Halted at dbl top resist., neg D on the charts, out the top of the bollinger bands, ewave work, cycle work, etc..

SPY volume tailed off. Nasdaq shot up 75 points in 4 days with volume dropping. Oil is flying, gold rocketing up with no fear in sight.

Something has to give. It's been a great year so far and I just needed to step off for a bit. We will go higher, just need to re-set.

I figure the shorts capitulated on that huge up day Tuesday. IMO, that will let this market drop without the shorts to hold it up.

One last thing. I did it on the feel I have for the market, although the above was more like 80% of the reason.

The Nasdaq just dropped 38 points off the open without batting an eye on heavy volume.

So far, so good. eom.

omandan...

I think the last time I left, I was only gone for 1 day. I won't be straying too far. Should be back soon.

How did Monday go?

Ted???

Could it be??

Is that you?

airedale/mr_cash4...

Thanks for sharing your work.

Cashed out today.

POKERSAM...

How 'bout some love for the rally call? Your last ditch effort to save your Jan.11th top call fell by the wayside when the Compq hit new highs.

http://www.investorshub.com/boards/read_msg.asp?message_id=10755500

Cashing out...

All "out" at the close.

Will stay in cash for a bit.

BlissBull...

If you don't mind,

what's your time frame?

TIA.

That's too funny!!!

I know I'll be using that in the near future.

However, I do not golf. I don't have enough time for fishing and when the opportunity does arise, I can't screw up that time by hanging out on a golf course.

You hit a golf ball, you gotta go chase it. I cast a lure and even if it doesn't hit my spot, I just reel it in and try again.

chris3403...

Should be home free soon:

http://www.ttrader.com/mycharts/display.php?p=39491&u=denmo83&a=denmo%5C%27s%20charts&id...

omandan...

I think you'll be fine to open longs and hold 'em well past Monday's surgery.

omandan...

If it helps:

Gently hold your doctors balls and kindly remind him that you're not going to hurt each other during the procedure. LOL.

omandan...

Best wishes for a successful zap.

rlohmeyer...

For posting charts, use these brackets instead:

[ ]

Unprovoked, I might add...

POKERSAM likes to mix it up, just like the rest of us.

That's ok, keep the new board clean and come back down here to the ghetto when you feel like slummin'. We can take it. LOL.

you're killing me...LOL.

Wow...

Zing!!!

BlissBull, I know you've been a bear since December, hence my reference of "You've been hawking a "MAJOR CRASH" for about 6 months", key word being about, so no laziness here.

It appears as though I've struck a sensitive nerve as one would expect from a bear in a bull market.

Evidently, you missed my question. What is your time frame for the "MAJOR CRASH"?

Are you still looking for SPX 950ish or should I begin another search as to not disturb your weekend?

Again, TIA.

BlissBull...

Just curious.

It's all about time frames.

Does your "MAJOR CRASH" TIME!!! have a time frame window you can clarify on?

You've been hawking a "MAJOR CRASH" for about 6 months and as the major markets keep hitting new highs, I'm wondering if you have a 10 year window or the like. TIA.

Small specs...

Have retreated in the last 3 weeks, while commercials have dramatically reduced their short position. I used the Nasdaq as that's where more speculation lays. Even using the SPX, the commercials are nowhere near set up for a crash:





The ES traders are reducing shorts as well:

rcptrader...

Entering the "Thin Zone":

http://www.investorshub.com/boards/read_msg.asp?message_id=10539476

Still all in on the long side as I've been for quite some time.

kenwong...

Good luck with your new board.

POKERSAM...

You've made your point perfectly clear.

You called a top that failed. Your are a mega bear and we are consistantly making new highs on all the indicies.

You stand on the soapbox and beat your chest, yet you can not grasp why people like to jab with you. You can not grasp the obvious.

Not true POKERSAM...

You came across loud and clear January 11th at what you called "The Top".

You've been in "Major Crash Mode" ever since. Every day, every night, we're going "down, down, down".

In spite of your call and dedication to your bearish stance, every market has carved out new highs and in spite of these new highs, you remain viligant in your bearish stance. Except for one small detail. You make a ton of money every day on the bull side.

Something just doesn't add up.

LOL...

I'm assuming she has never heard of I-Hub.

omandan...

Time to cut off dishwasher's beer. I just can figure out how she got under the hardwood floor.

A little help here?

KovuLK...

I agree, which can clearly be seen in this post:

http://www.investorshub.com/boards/read_msg.asp?message_id=10443966

Speaking of resistance becoming support:

Those charts are from Ted Burge...

a perfect bearish doji star??

Maybe, maybe not. I think not.



How to Identify it

First day is a long white day
Second day is a doji that gaps in the direction of the previous trend
The shadows of the doji should not be long

http://www.candlestickchart.com/indicators/1252.html

Confirmation of a trend reversal would be a lower open on the next trading day.