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Smiling:
Thanks.
Regards.
Hi smiling:
What is your take on GRMN...good buy point in future.
I am very bearish to 1393 and then 1370.
Regards.
Foot:
GRMN was a short squeeze. Just floating between 200 dma and 50 dma now rez. One day wonder.
This is 1-2 up in ewave. 3 down should be very strong move down.
Regards.
Foot:
On your chart of NDX. God bottoms are below 81 wma. That will also bode well for 3 peaks a dome support.
But with all the fed PPT and MM manipulations, anything can happen in the market.
Look at GRMN...+19 all afterhours on news that does not make even any sense.
Well, why rally now? the 401/K discount wave just got over. Next one will not come till end of the month.
Regards.
Foot:
See those peaks (04,05 and 06) and a doom or dome in 2007.
E is right, AROON still green and Stoch, RSI have not even bottomed as yet.
Minimum target 1750 at least.
Regards.
Mike:
Will it come down first during this correction or where is the support.
Thanks in advance.
Foot:
Been there, done that, call us....when we get to 1356 or lower.
Regards...
Mike:
How are feeling today.
If NASDAQ makes slightly lower low at 2570, then would DOW SPX also do the same?
Hope you feel better.
Regards.
Hi smiling:
Is that regular H&S on GS?
We need to get GS down to get teh market down....XLF rez 32.32.
Regards.
Hi Foot:
XLF backing off...a retest to 1438? 1410 ?
Regards.
Foot/smiling:
Watch XLF 32.32 for direction...if it cannot go above...we are done this upswing.
smiling - can you check if GS is making H&S?
regards.
Smiling:
Bring them down....great calls.
Regards.
Hi smiling:
Will that retest hold or we test 1370?
Regards.
Foot:
Where is the C at in your chart? MA 100 would get there in a day or two.
Regards.
Gleno:
How about finncials...do you have a check for that like NASI?
Thanks.
Mike:
What is the upsdie for SPX DOW and NASDAQ now.
Ravi
Foot:
I dont want the market to steal my friends money.
Regards.
Foot/Gleno:
If we break 1390, then 3 peaks a domed house scenario applies and will get SPX to 1230ish.
One level at a time.
Have a nice day.
Foot:
SPX 1393
COMP 2436
NDX 1826
DOW 12370
Sooner or later.
Regards.
Foot:
Close to retest of August lows.
Regards.
Foot:
Great call at 1523....looks like a retest of Aug bottom is in cards. Thinking more like A-B-C down below 1370? Early next month?
What is your target on NDX and COMP to the downside?
Heard that MWD and GS need to confess?
Also, was wondering that whatever happened to the 401/K discount wave this month?
Regards,
Foot:
One for SPX which is on the main page of this board?
I was checking in the afternoon and I could not get it.
Anyway, it is back now.
Thanks.
Hi Foot:
What happened to your chart.
Thanks.
Foot:
Info from another site -----FYI.
****************************************
-- could be another wild week
-----market could go up thinking that the 'laundry at C has been fully
aired", removing uncertainty
------picking Rubin as Chairman should calm nerves
- or down on the fact of addt'l write down and lack of confidence that
the sector has aired enough dirty laundry
am futures should be interesting
fyi, and good luck
-------
BREAKING NEWS:
Charles Prince has resigned as Citi chairman and CEO. Robert Rubin to
be named chairman. Sir Win Bischoff will be interim CEO. Citi to take
$8 billion to $11 billion in additional writedowns.
**********************************************************
Hi Mike:
Can you post charts for
AAPL RIMM BIDU GOOG MA ICE GS RVBD VMW when you get chance.
Ravi
Hi AD:
Thanks for the china update. BIDU may not let GOOG dominate the market. RIMM and AAPL may have a problem too, unless they let China use their technology.
It happened to Siemens Westinghouse (orlando)...who make turbines. They sold a few to China...afterwards China demanded the technology/knowhow and they are making the turbines themselves now.
Anyway, I never short stocks. Just my thoughts after the parabolic move. As Gleno says, there must be a real bottom sometime.
Regards.
Hi Foot:
Watch XBD and GS. GS is the key to the market. I am suspecting that it maybe doing ABC down as well, if it gets into trouble like C and MER. They may have more down.
My gut feel says that the rotation into financials may not come true, more a smoke screen for the MM's to dump unwanted stocks to us, based on the damage we have seen.
Also, parabolic moves in BIDU GOOG AAPL RIMM maybe coming to a close soon based on my log analysis.
Regards,
Hi Mike:
What 4th wave?
Thanks.
Foot/Gleno:
Just got this.
regards.
Today could be an interesting day ... There in a rumor in New York city this morning that Standard & Poor's is going to down grade all the CDOs (Collateralized Debt Obligations) today.
The implications of this is ... that banks and financial stocks will be under duress. This affects the rest of the market, especially since the S&P 500 which has a bank/financial stock weighting of 20%.
Bad news this morning, added to the financial sector weakness. The two largest U.S. banks were downgraded by equity analysts. At 10:02 AM, Citigroup dropped to its lowest level in 4.5 years. All these problems should increase the credit crunch, which would affect consumers down the road. Bernanke's interest rate cut yesterday was an important band-aid, but not a fix.
Since the banking sector is under duress, we are posting its 5 year chart this morning The chart shows the clear 5 year up trend that the Banking index enjoyed ... until its long term support was broken on July 24th. of this year.
After that, the Banking Index struggled for weeks in a consolidation, trying to make it back above its resistance. It was unable to, and on October 16th., it broke another support line to the downside.
The Banking Index is clearly in a correction, and it will offer no upward support on the S&P 500 until its correction ends.
Please click this link for today's update and chart(s):
http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm
(If you are having trouble with the link, copy and paste it in your browser.)
Looks like 0.25% discount rate cut and 0.25% on teh fed funds rate.
Hi Foot:
Where are we headed with SPX?
Thanks.
Hi Foot:
Where are we heaed with SPX?
Thanks.
Hi:
Nice charts...do you happen to have one for GS?
Thanks.
Hi NM:
Did we not hit 52.44 today?
Thanks.
Hi Dan:
What is your upside for COMP/DOW. SPX is 1542 and then down to what target? and when?
Thanks.
Gleno:
Congrats...bring her down next 3-4 days.
Thanks.
Hi Neutral Man:
Any buy numbers similar to QQQQ for
AAPL RIMM BIDU GOOG GRMN?
Thanks for your posts...I was wondering when the wave was
going to come.
Regards,
Foot:
Where are we going? More down?
Thanks.
Dan:
SPX is still 1500-1490?
Thanks.
Dan:
What is your support for NASDAQ and DOW?
Thanks.