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mr_c4...
Do you think the 5 week low came in yesterday?
Regarding airedale...
If anyone has contact with him, please send my wishes for a speedy recovery. Thanks!
Thanks mr_C4...
Is there anything in your crystal ball regarding Dec.6th-7th?
These are turn dates that I have.
LOL!
I meant were there any points that say one thing or another when they get broken.
Mr_cash4...
What is it that you are looking for tomorrow?
mr_cash/airedale...
Does SPX 1151 fit into any of your pull back plans?
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]faclyyay[d30][p][vc60][iua12,26,9!lp14,3,3][...
Welcome back mr_C4...
Is this the point (NDX1555) at which you feel we will rally from up all the way until just before Christmas?
niz...
Ted Burge has a 145.25 target for GOOG(2nd chart):
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID445101
Out of the puts...
On the morning low volume drop.
Long with the mutual funds for the Thanksgiving holiday.
http://www.vtoreport.com/nasdaq/updown-holidays.htm
deva...
That site will only allow the link to the chart to be posted.
http://www.ttrader.com/mycharts/display.php?p=28578&u=dowdeva&a=Deva%27s%20Charts&id=129....
Thanks guys...
My call profits got torched on this run the last 2 weeks.
No denying you guys nailed it with your cycle work and with both of you now in sync, I've got to consider banking yesterday's profits and swinging more quickly.
My longer term stuff says higher as well.
Further out, I'm seeing as high as 2250 with possible blow off to 2400-2600. Does your further out forecasts see these targets as well?
mr_C4...
Thank you.
If we are currently 42 points below the recent 2112 high and your larger pullback consists of a 40 - 80 point drop after a new high, can you say that the drop may only come back down to today's level?
My simple TA says the 38.2% retrace of the recent run off the late October low comes in at 2033. There is also a gap down there that needs filling. Do you think down to 2033 is too deep of a retrace for early next week?
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]faclyyay[d20][p][vc60][iua12,26,9][j391707...
mr_cash...
Any targets on your "larger retrace"? TIA.
frankp3...
Nice buck.
Send me some jerky! LOL.
(and just to keep on topic with the markets:)
http://clearstation.etrade.com/cgi-bin/bbs?post_id=6008329
BRIG_88...
Blast from the past! Hope all is well.
I captured this chart at 10:01ET and considered doubling down but got cold feet. I felt like a deer in the headlights. I'm still rooting for pullback/consolidation next week into the 12th.
http://www.ttrader.com/mycharts/display.php?p=28070&u=denmo83&a=denmo's%20charts&id=239
Sure did get a bite taken out of the profits. I've got today as a turn date.
BOTB...
Hi Buzz!
Thanks. I love the message boards. Ya really can put it in writing for all eternity.
Check out my $SOX thoughts from Sept.7th, 8th and 12th:
http://clearstation.etrade.com/cgi-bin/bbs?post_id=5832937&Refer=
http://clearstation.etrade.com/cgi-bin/bbs?post_id=5833958&usernm=denmo83
http://boards.stockselector.com/message.asp?mid=73109&symbol=BIRDS_OF_PARADISE
http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[h,a]daclyiay[db][pb50!b200!f][vc60][iUa12,26,9!L...
Stroll back down memory lane on Aug. 13th-15th(when the market bottomed as well as my thoughts around Oct.21st-22nd:
http://clearstation.etrade.com/cgi-bin/postlist?Cmd=list&dir=p&point=3677&usernm=denmo83
Zeev Hed...
Are you shorting this pull back?
I've got tomorrow for a turn date. Everthing is up and out the top of the bb's and negative divergence throught the various time frames.
The close today made for some nice gains to those still long in the markets, however, today's huge gap at the open couldn't be sustained.
I really wanted to buy the QQQ December 37.00 puts, but after the prior 7 days of gains, I was too rattled to do any trading. Those Dec put contracts did gain 35% from the opening bell to the lows of today's session.
IMO, we still may try for one last burst upward and I have Friday as a significant turn date.
With the negative divergence on the short term charts and the fact the Nasdaq has pierced the top of the bollinger bands for 6 days in a row, this upward bias can not be sustained. In addition, the entire body of today's Nasdaq candle closed out the top of the bollinger bands. In addition to the short term negative divergence, it is present in the daily time frame as well:
http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[h,a]daclyiay[db][pd20,2][vc60][iUa12,26,9]&...
In addition to the gloom and doom above, the S&P500 broke through the top of it's bollinger bands and we now have 3 higher prices, with 3 lower MACD humps, meaning more negative divergence on another daily chart. This stuff looks nasty. I'm truly hoping for quite a bit more upside, but I can't make any excuses for an ugly looking chart.
Any upside in the coming days should be sold into. I will be scaling into the December, January and March puts either tomorrow or Friday. It seems to me that Nasdaq1970ish needs to be tested before any more significant upside can be gained. I also have Jan.27th as a very important low point for the markets. I've got it circled on my calendar.
That's my story and I'm stickin' with it.
---Dennis
Today, I moved 100% to cash which included liquidating all option contracts and mutual funds/401k.
The returns on the options were staggering to say the least.
I sold half the November contracts right after the open for a 100% gain. Then the Nasdaq broke through 1984 and promptly shot up to 2001. I then liquidated the remain calls as there was negative divergence on the 60 minute charts and the Nasdaq had recorded it's 5th day in a row with the price popping out the top of the bollinger bands.
On the remaining half of the Novembers, the gain was + 134%. The Decembers gained + 76%, the Januarys gained + 60% and the March contracts gained 41%.
About an hour after selling the options, they pulled the carpet out from under the markets and everything tanked. I felt like the cat that ate the canary. LOL!
========================
I'm not sure the move up is over yet, but I've got my fair share for this leg. Breaking through Nasdaq 1984 was extremely important, but I must say, that tank this afternoon was butt ugly. When they broke 1984, the volume was very light and I repeat, very light. The real heavy volume came in late in the day on that tankage. The Nasdaq did finish positive by 5 points and did earn a black volume bar, but the heaviest volume came in on the down side as evidenced by the red volume bar on the Dow. The SPX also earned a black volume bar due to the rise in the SPX by one half of one tenth of a point. IMO, the SPX can be considered to have a red bar.
---Dennis
Today, I moved 100% to cash which included liquidating all option contracts and mutual funds/401k.
The returns on the options were staggering to say the least.
I sold half the November contracts right after the open for a 100% gain. Then the Nasdaq broke through 1984 and promptly shot up to 2001. I then liquidated the remain calls as there was negative divergence on the 60 minute charts and the Nasdaq had recorded it's 5th day in a row with the price popping out the top of the bollinger bands.
On the remaining half of the Novembers, the gain was + 134%. The Decembers gained + 76%, the Januarys gained + 60% and the March contracts gained 41%.
About an hour after selling the options, they pulled the carpet out from under the markets and everything tanked. I felt like the cat that ate the canary. LOL!
erniek from Clearstation...
Has the take from Mathias:
http://clearstation.etrade.com/cgi-bin/bbs?post_id=5989591
If I'm reading this right, the short term down side should be contained to 1466-1469, then up to 1507-1520.
After that, mid-term clear targets up to 1550.
Assault and capture...
Of the 50ma and 200ma:
http://www.ttrader.com/mycharts/display.php?p=27876&u=denmo83&a=denmo's%20charts&id=239
Assault and capture...
Of the 50ma and 200ma:
http://www.ttrader.com/mycharts/display.php?p=27876&u=denmo83&a=denmo's%20charts&id=239
frankp3...
I don't know how to post the chart, but this link will take you to the Nasdaq chart I have at my stockcharts public list:
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]dacayiay[df][pf][vc60][iua12,26,9!lp14,3,3...
A blow up view says cover any shorts if today's high gets broken to the upside:
http://www.ttrader.com/mycharts/display.php?p=27862&u=denmo83&a=denmo's%20charts&id=239
In retrospect...
and fortunately for my account, I was right.
This is not a rub, but a sigh of relief.
I place an order last week for 1075 contracts of QQQ calls. This was the biggest order to date for me in my trading account, aside from my 401k. It worked out quite well and I still hold the positions.
At this time last Friday, I felt it was going to be a sleep shortened weekend. It was. The thing that stuck out in my mind was the e-wavers. I'm faced with the same scenerio, although this time, I've got a comfortable cushion.
My question to the e-wavers is how does this week fit in from your analysis last weekend, and how if any, does it change your negative outlook going forward.
Thanks.
Hi mr_C4...
Thanks.
FWIW, the denmo6(SPX) triggered a buy signal today. I'm watching the Nasdaq poke it's head out the top of the bb's. It seems as though some consolidation should take place for it to get back inside.
The SPX has a ways to go before the top of it's upper bb. Say 1145ish.
I bought a large(for me) quantity of QQQ calls last Friday. Nov, Dec, Jan and March. I feel my positions are safe as the volume this week tells me so. I'm just kind of curious as to what happens after my/your 1500 gets tagged.
Thanks for your input.
airedale88...
Do the Hurst cycles give you upside targets as well or strictly downside targets.
I'm looking at approx. 1500 on the NDX(Comp 2000-2025) as a possible top for this leg. Does that coinside with your work?
Thanks Burk. eom.
Zeev...
Any targets for this leg on the Naz?
Zeev...
Any targets for this leg on the Naz?
airedale...
Do you have down side targets?
Zeev Hed re: The Dow...
http://clearstation.etrade.com/cgi-bin/bbs?post_id=5966285&
Zeev...
Close enough for horseshoes!
LOL!
Monday we rock!
Not promising a ramp...
Just the lows of the day between 3:30-3:45.
Not until 3:30. eom.