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50/200 day cross on the SP500.
http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[w,a]daclyiay[pb50!b200][vc60][iup14,3,3!la12,26,...
I am beginning to think we get a deeper retrenchment than most think. This Sox chart is very ugly. If we do not bounce at about 402 which is the abc off of the top a couple of days ago, then most likely it is a 3 down off of the top.
BRCM and Qcom look especially vulnerable.
http://stockcharts.com/def/servlet/SC.web?chart=$sox,uu[w,a]dhclyyay[d20040404,20041220][pf][vc60][i...
1500 to 1510. But, anything goes with the Fed today. I am also in tune with Justa's points about the Wed. before options expiration as being a turn date, so I am just watching. Market won't do squat before the Fed anyway.
NDX tagged the lower BB on the hourly.
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]ehclyyay[d15][pd20,2!f][vc60][iLb14!Lb5!Lh5,...
Another option day killer. Looks like the market is now waiting for Greenspan. My guess is a really big move comes this morning after Greenie. BB's on the index are very tight.
Come on Shackster, I know you are kidding. Es bueno bradda.
Gee, sorry I wasted everyone's time. I was just trying to determine if Schwab was giving me bad data with all the different closing information.
I am showing a close of 1527 on my Schwab system, not 1531. What am I missing?
Why are the futes showing up .50?
I think the NDX goes to 1510.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]ghclyyay[d5][pf][vc60][ilb14!lb5!lh5,5!li10,...
If CSCO fills the gap below at $19.50, maybe it gaps up and fills the other at $20.35.
CSCO has a gap above and a gap below. Man, that sure makes things harder to play it.
That should be the C wave I have been looking for. But, not so sure I think it goes to 1500 like I thought before.
The mid part of the BB has held up. I doubt the market drops unless that line goes.
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]fhclyyay[d10][pd20,2!f][vc60][iLb14!Lb5!Lh5,...
Approaching interesting levels. A couple notches lower, and this could be a decent sell signal.
http://www.cboe.com/data/IntraDayVol.aspx
Freep just mention on the SI board the huge call imbalance on CSCO for Nov.
I am not particularly bearish either, just pointing out that we could see some selling before resuming any further up.
Posted this last week. Last time the red -DI line was this low was at our July high of 1523. Market does not look like it wants down today. Just mush.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhclyyay[db][pf][vc60][ilb14!lb5!lh5,5!li10,...
Yes.
Is he saying that the move up from the August lows is some sort of B wave? What is the larger count in that read?
That chart is making the rounds.
If we completed a wave 4 on the NDX and comp, then that is not really a relevant channel. 4's always bust channels. So, if we are headed up in our 5th wave, then the index should have no problem getting back inside.
That is my thinking too. I expect a pullback to 1500. Sorry for the wiggliness of the chart, but it shows the impulse down nicely.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]ihclyyay[d2][pf][vc60][ilb14!lb5!lh5,5!li10,...
My guess at where we go. I think we test 1500 early next week.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]ihclyyay[d2][pf][vc60][ilb14!lb5!lh5,5!li10,...
Like I said, we get sell offs within three's. So far, off of the highs, one can make an impulsive down move argument. Maybe we do an abc and fill the gap before going higher. Who knows.
Why the 9 ema. What is it about that number. Why not 13 or 21? Everyone has their own numbers to use. I never understand them.
Don't you read my post. I said: "I know it is early AJ."
It is something to watch.
Riding the channel up. I would expect a decent pullback to test the 1500 level.
http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]dhclyyay[d20031212,20041212][pf][vc60][ilb14...
I said as a trade. If the put call keeps dropping and the moving average keeps dropping, I will buy them. Even in 3's there are pull backs and overly frothy markets need corrections.
I said that in my last post. Watch the frothiness of the market here. If everyone starts looking up, buy some puts.
Just look at all the charts. We are breaking out everywhere. The move from January looks like a big giant corrective move. There is no other way to read things than that. We are very close to the highs on the NDX, and only 350 or so points on the Dow. No way these indices do not go to new highs.
I love hearing all the bullishness. With this starting to look ugly, I know AJ, it is early. But when everyone starts talking higher targets, I start getting bearish.
http://www.cboe.com/data/IntraDayVol.aspx
http://stockcharts.com/def/servlet/SC.web?c=$cpc,uu[h,a]daclyyay[dc][pc10!d20,2!f][vc60][J9854748...
I am starting to price some puts for a trade.
1562 is the next target I would watch on the NDX. Looks like the market gets there soon. That would be where I would sell and reposition. That red -DI line is very concerning to me.
Although I do not know how it happens, but the Dow and S&P look like they go to new highs. Looks like the markets have been in a giant wave 4 for the past 10 months and breakouts are starting to occur.
I am going to stick with 1530 and 421 today on the Sox. If those go, we should go much higher.
Yep, I am following that. Dow is getting closer too. So, I am just watching.
Sure looks like we are in a 3 up here on the SP500 and the Dow. Strength of the rally is uncanny.
The Dow daily charts are beginning to smell of a 3 up here. There are some employment reports tomorrow, so if those tank the market, this could just be an abc up, but there is no sign of weakness.
Justa has made a number of calls that have been very accurate. So, this one was not. I have never seen anyone be accurate all the time, it is impossible. I think it is always easy to criticize people when their prediction is wrong.
As I mentioned before. Have you posted your roadmap to what the markets are going to do?
I am going to defend Justa here. His calls have been very accurate and find it ridiculous to jump all over someone that makes predictions. The market is very difficult to predict with any consistancy, especially one with a presidential election going on.
I have not seen any market calls by you, do you have any idea where the market is going?
Wow, Yhoo sold almost 4.0 million shares. Nice coin.