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at the moment I still have it as a B or 2 on oex and spx...ndx is something different..
I've got NQ (if we make another high and don't double top at 1363)..
1370 then 1378...over 1380 is pretty bullish and I've been out to lunch..lol
I'm impressed and somewhat surprised with this move this morning...obviously....now watching for a kissback on this rsi
..AND...401/02 OEX and/or ES 860
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=4&dy=13&i=p06521709289&a=109189416&r=649
if we test the lows and if SPX 817 held...."maybe" a test of the highs is possible...
..but personally..because of the ED's...I have to go with the thought that the top is in..
watching this possibility
http://stockcharts.com/c-sc/sc?s=$NDX&p=15&yr=0&mn=0&dy=21&i=p41890537679&a=89413079&r=6981
just a heads up..I've got a supersecret indicator that is telling me we will be taking out this weeks lows..
...just don't know when..but chances are it's going to be today.
If that strong and powerful stock MS takes out $21.71...the double top target kicks in to $16.07
http://stockcharts.com/c-sc/sc?s=MS&p=60&yr=0&mn=5&dy=3&i=p45706060129&a=165906973&r=121
yes...somewhat reliant on ms
..it's set up sort of neutral going into the numbers..
http://stockcharts.com/c-sc/sc?s=MS&p=60&yr=0&mn=5&dy=3&i=p45706060129&a=165906973&r=8627
may not last..but we have a bearish type of nonconfirmation in place..oex just made another high on the day without ES/SPX or NDX confirming...
edit: spx/es have now confirmed...ndx still hasn't fwiw
Warning bells getting louder..
I have a few warning signals sounding if playing this bounce.... but ES needs to get below 835 to pay attention to them...
let's make sure we aren't wave 2 ing...into resistance..
http://stockcharts.com/c-sc/sc?s=$BKX&p=60&yr=0&mn=5&dy=3&i=p45706060129&a=89765548&r=6219
Possible count is a bit clearer on the 15
http://stockcharts.com/c-sc/sc?s=$BKX&p=15&yr=0&mn=0&dy=7&i=p73001055142&a=130869456&r=4667
I've got 391.50 to 394 OEX as the zone that would turn things down...above 394/395 then the 402 area is possible...fwiw
My last comment for awhile (maybe)...but I have to shake my head and wonder why you say that...
http://stockcharts.com/c-sc/sc?s=MS&p=60&yr=0&mn=5&dy=3&i=p45706060129&a=165906973&r=7585
If BKX opens below $30.25...YUK.
http://stockcharts.com/c-sc/sc?s=$BKX&p=60&yr=0&mn=5&dy=3&i=p45706060129&a=89765548&r=2401
You've been short?
OH...I totally agree....I've been VERY OKAY with it! lol
ps..there is a gap on ES to be filled at 823 fwiw
not interested..thanks anyways..but I don't read anything..especially other peoples work..
Very bearish....especially if we don't fill this morning's gap...(if there is a gap, it's still early.
But after an ED...we could be leaving an island behind...
http://img511.imageshack.us/img511/9218/eurod933.png
What I might be seeing is a move on SPX down to the 817 area...then a decent bounce back to 845/850...then all hell break loose...
http://stockcharts.com/c-sc/sc?s=$BPNDX&p=W&yr=8&mn=6&dy=0&i=p63303394302&a=28995507&r=9605
I think BP's update around 5:30 eastern
ya think?
..not looking good...now have a 120min sell on oex..best scenario i see now is holding 390 (give or take a dime or two) on close...hope to hell we don't gap down over it...and bounce to 398..with a shot at 402
About a year ago...my wife said there was a ticking noise and was louder when the window was open....and got faster the faster the car went...
...the first thing I did was look at the runflat tire on the driver front and there was a big spike in it....
....a ticking noise...lol
God no...we are really missing each other on the sense of humour side of things...
..time to bow out for a few days...this is wearing my out.
Under 829 ES could bring on more swoosh...
...now that was a joke...of course they don't move over a weekend..
Jerry...the disturbing thing about the BP's is that they didn't change at all from Friday's close to when you viewed them last night.....very bearish...
OEX MUST hold it's low today now...any lower and we swoooosh last hour...more swoosh I should say..
Well I am...ED's do that to me....they mean ENDING diagonals..lol
forget about another high now..
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=3&dy=21&i=p37406971275&a=89602802&r=9423
I'll have a better idea when I see where we close.
I am relaxed....very relaxed. I didn't know if you meant that a new low on oex was funny or the bullish count afterward. Sorry...I wasn't upset or anything...
which part is funny?
yes...it may seem like a long way down there from here...but it's only 47 points below the last low....and I'm not saying we make it there this afternoon for goodness sakes...
...here...I'll make it simple....lol...pretty bullish though once we get the low done...
http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=17&mn=11&dy=29&i=p16256510903&a=152571484&r=8920
http://www.traders-talk.com/mb2/index.php?showtopic=88703
Posted May 17th...2008
Ricks...here it is on spx fwiw...at least what I'm thinking..
My OEX 270 target would put SPX at approx. 590 ish
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=3&i=p76513282666&a=81733073&r=2869
????...no...270 OEX is and has been my target for a long..long...long time....
yes...should have numbers not letters...but you get the idea.
Shorter term....
...
If we are going to bounce...we have to hold the lows of the day on NDX and OEX....OEX could go as low as 390 but would like it to close back on top of 391.70...if we take out 390 south....we'll be closing on the lows.....and could be a real ugly close...
I forgot to post the spx daily with the comments made in the post that I'm replying on fwiw
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=4&dy=13&i=p06521709289&a=109189416&r=9517
ndx is as far as it can go without really cracking down hard...
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=3&dy=21&i=p37406971275&a=89602802&r=6601
same with CME..CME was actually a great tell last week while indices were making new higs...cme was selling
http://stockcharts.com/c-sc/sc?s=CME&p=60&yr=0&mn=3&dy=1&i=p15247296386&a=116011602&r=7240