Qs 43.50 +/- Support again as LOD. Market tested the low twice, yesterday and today. SPX 1425 50m resistance today as HOD.

Market is staying in Low Volatility after wild swing yesterday.

I noted Qs 43.30 +/- S and SPX 1410 +/-. It seems like it is a good possibility that we will see it.


at 11:15 am Market is bouncing off again from the 43.50 +/-, the same as yesterday. Trading up into closing is technically significant, but LOW volume again which is not a good sign.

WB, Thanks, if you are referring to AAPL, it bounced off from lower TL Breakout support yesterday, but as we see today, market is losing momentum after fading the morning gap.

Breakout support is technically important.

Market is selling off again looking for SPX 1410 and Qs 43.30 Supports.

Best wishes

Qs 43.85 resistance with Gap was faded at noted and it is now a resistance.

43.68 at the moment which was a resistance yesterday.

Trading S/R for VST.

Glad to see that you post good factors which are affecting markets.

Asian markets are in bullish phase, as I noted for several days about China Market breaking above 15yr TL resistance at 3050; therefore the markets are in follow-up mode. Also, the Asian market is indirectly related to US market but the market has stronger momentum in Bullish sentiment and price actions.

Volumes are showing as expected, but the volume yesterday was a bit higher than the previous 4 trading days; AND we need to watch for the Market OPEN with GAPS which will likely faded, so need to look for support.

Good luck with trades

Good morning JT, Welcome aboard. Excellent comment on EOM and intraday bounce.

Since I was off from online after market close, your comment is helpful. I do hope that you will continue to post your market insight.

I posted my market thought on the following board.

http://www.traders-talk.com/mb2/index.php?showtopic=68325

Premarket is positive + 3.5 / + 4.5

We have GDP # and Job # at 8:30 AM which market will pay attention to.

If you have sector analysis and are watching particular stocks which you follow, please let us know.

Best wishes for your trading


~~~

This is my incompleted market thought yesterday.

As noted on 7/21 after the rally that I am anticipating profit-taking and consolidation period, we now had the consolidation period closing near at pivotal supports. Since I made the initial comment, we now have two new factors which we didn't have at that time. 1) the Iran issue and 2) the Dr Bernanke's comment on inflation worry as we heard today. Oil traded to a breakout resistance after trading above down TL. The higher oil price is also contributing to the inflationary worry.


Qs traded to support 43.50 TL as shown on 60m. I noted that 43.30 +/- is a critical support which we would like to see testing the support tomorrow. SPX close at intraday support SPX 1416.








AAPL is bouncing off from a support in premarket. 94.50 R



~~~

BIDU is consolidating along the DTL as we can see on the daily chart with trendline. 97 support is pivotal.



AMZN was trading in a tight range for a few days, so expecting a good move. It is forming "coil" on intraday, looking for upside breakout.



GOOG is trading under 50ma resistance



YHOO is showing good momentum as noted before that market is expecting a good result, including insider buying shares, from panama during 2007. Retesting the high at 33 and we have unfilled gap, 36-39 for longer term view.




~~~


I commented on the Shanghai $SSEC market breaking out from 50yr TL resistance, now, itis trading above the 3050 resistance.

$KOSPI, S. Korea market is about to break out from the resistance, 1470, closing at 1450.

The Asian Bull market has an indirect impact on our market that we have a global bullish market in Asia and Canana, for example.

Thanks, WB, OIL traded to intraday resistance yesterday. Even though it is trading at a major resistance, $66 next target.

USO target 55 after intraday consolidation.

Again, thanks for your help.

Good look with trades

Hi WB, Welcome to Best's board.

You know what I mean. I am trying to figure out what would be the best way to organize the board. It is true that the charts are too big to show on the front page. I will post with a link. I will look for your post when you shown me how to post various types of links. iHub uses different links than other site; so, I have to relearn it.

You have done a lot of work on your board. I appreciate your help.

As for the market, it closed above the final supports, which are Qs 43.30 +/- and SPX 1410. We will see how market will react to Eco # tom.

OIL closed at upper resistance after it broke above the resistance and USO heading to 55 R.


Best Wishes






>

You are right.

AAPL traded to 93.15 intra low to a support on daily.

Alerted this morning.

http://www.investorshub.com/boards/read_msg.asp?message_id=18266928

AAPL Alert this morning.

Good momo there.





AAPL premarket heading to 94.55 +/- support.
~~~
AAPL traded to R2, 96.83, then reversed and closed with falling hammer. For those who entered at the breakout from the symmetrical triangle when I alerted on Mar 12 would have good run now; therefore, therefore, would have taken profit today.



http://www.investorshub.com/boards/read_msg.asp?message_id=18266928

Qs - market is trading at intraday support again. 43.68 +/- is important support as shown on 60m chart.

Market action is forming "coiling" consolidation during the last 5-trading days.

Trading below 43.60 +/- is bearish.

Would like to see Trading higher into close in order to see future positive price actions.

MED - That is an interesting company. Hope that it will do well.

I am relatively slim, but am always up for a healthy diet program.

Good luck

MSFT is showing relatively good price action today.
It is trading at 27.78 R right now.

Would like to see showing a bit more momo.

Good luck

http://www.investorshub.com/boards/read_msg.asp?message_id=18276925

Qs bounced off from 43.50 +/-

I was posting on the following website.

http://www.traders-talk.com/mb2/index.php?showtopic=68325

I noticed that my browser is not refreshing fast enough to post on TT site for VST market calls.

MARKET ACTION - intraday

On 3/21/07, my comment on "profit taking" and "consolidation" period is now "Pivotal Trading Day".

We now have the geo-political issues with Iran creating more volatility and risk for being in the market.

Will need to reassess market actions at close, but so far, market actions look normal profit taking and consolidation.

The recent selling has been in light volumes.

MSFT is trading flat today with NT news.

Qs closing at 43.85 is positive.




March 21, 2007

After the Fed announcement, market rallied with high volumes as shown on the Qs 60m chart showing buying pressure. This is the similar volume level as the one when we saw on Feb 27 with climactic selling volume level. Technically, I do believe that we now have confirmation of "W" formation with "Breakout Retest" Scenario suggesting that we will conservatively see the retest of the previous high and will likely see new highs during the rest of the seasonally favorable months, March - May, as noted on March 14 with the "Tweezer Bottom" or "Retest of Bottom" call.

To reiterate, the most strong technical aspect of the recent price action is based on the "Retest of Breakout" scenario with high volumes associated with selling and buying pressures at the critical supports.

I expect follow-through days, higher price actions after consolidation, since we just had the strong volume and price action day which will likely be followed by profit-taking, but again I am anticipating higher price actions which will be accompanied by short squeeze and buying pressure. Having said that, I would continue to evaluate price actions to confirm the aforementioned price action anticipation.

Intraday Market Actions:

QQQQ, SPX and markets completed "W" Formation which is a fractal formation of "Jun-Jul 2006" bottom formation; however, the technical importance for the recent price action is based on "Breakout Retest" formation at critical levels suggesting higher price actions to "Retest of the recent highs" and/or "New highs" into seasonally favorable months, May. Price actions will be reassess if shown otherwise.

A consolidation period for the recent gains would be rational, then we could see filling the run-away gaps to make new highs.

Premarket Qs - traded to 43.70 +/- which is the support as shown on the 60m chart. 43.35 is a critical support.





AAPL premarket heading to 94.55 +/- support.
~~~
AAPL traded to R2, 96.83, then reversed and closed with falling hammer. For those who entered at the breakout from the symmetrical triangle when I alerted on Mar 12 would have good run now; therefore, therefore, would have taken profit today.




LONG-SHORT major market ETFs

QQQQ & SSO Long 2x


DOW & MID Cap LONG 2x


SP500 & Russell 200 Long


QQQQ & SP500 Short 1x


DOW & Mid Cap Short 1x


QQQQ & SP500 Short 2x


DOW & Mid Cap Short 2x


SP500 & Russell2000 Short

Med is interesting stock even though I never have traded it.

Interesting formation on daily chart.

It formed huge wave formations with positive divergence on a support. Interesting formation.

It closed at intra resistance, 7 +/-.

Breaking above 8.20 is a good news.


What do you know about the company?

Oversea market is a bit volatile now.

^SSEC Shanghai Composite 3,068.21 11:17PM ET Down 70.62 (2.25%) - the worst % swing.

Other markets are about 1%.

WB, nice call. Best of luck for your trades...


Market Commentary:

Qs intraday stayed under upper resistance TL as shown on 60m chart. I commented that I was expecting consolidation days after the strong rally after the Fed announcement day. Also, I noted that I'd rather see consolidation days in low volume than rallying in low volume. Technically, what we have seen during the last 4-trading day was a perfect scenario to anticipate further price advance. having said that, we now have a new from IRAN, a link provide above, during after hours sending Oil futures above $68 and futures are down.

Qs daily shows a resistance line at where it is consolidating. As noted, a retest of intra breakout is possible, i.e. Qs 43 +/- and SPX 1410 +/-. Having said that, with the Iran news and Dr Bernanke's speech will be a catalyst for bull/bear scenario. Technically, revisiting to intraday breakout is not strong price action; however, given the circumstance which we are in, retesting intra breakout will be closely watched to confirm future price direction.

SPX consolidated on the intraday TL resistance as shown on 60m chart. Intra breakout point is SPX 1410; therefore, retesting the breakout support will be closely watched. With the Iran news, market could sell off, however, Shanghai $SSEC price action is stable at the moment. For that reason, future price actions are stable.

DOW will be testing the intra breakout point at 12340 tomorrow; therefore, the support will be closely watched.


AAPL traded to R2, 96.83, then reversed and closed with falling hammer. For those who entered at the breakout from the symmetrical triangle when I alerted on Mar 12 would have good run now; therefore, would have taken profit today.

MOT is trading at an important support and if breaks, watch out below.

QCOM is showing slowing momentum after a false breakout at the recent top, it is now showing double top formation for a ST pull back if it does not bounce up at the current level. Note the negative divergence on daily chart suggesting a pull back is likely trading below the 20ma support even though it traded higher today, it is still trading below intraday resistance at 42.85.

WB, not good news and sentiment for the market. I didn't like the selling into close, and now I am hearing bad news about Iran firing missile even though it is reported that there is no such incident.

Futures are tanking, - 8.5/-4.25





http://www.jpost.com/servlet/Satellite?cid=1173879191234&pagename=JPost%2FJPArticle%2FShowFull


Mar. 28, 2007 0:10
US Navy denies that Iran fired at US warship
By ASSOCIATED PRESS

The US military denied reports Tuesday that Iran fired a missile at a US ship in the Persian Gulf.

The rumors of an attack had sent oil prices soaring, but Lt. Cmdr. Charlie Brown of the U.S. Navy 5th fleet told an Associated Press reporter that all ships in the Gulf had been checked and the rumors were untrue.

Market Commentary ~ Best of luck with trading

Market Consolidated during the last two trading days with low volume and finished today with flat after the reversal call during the mid day. As noted, I do not believe that market has topped from the recent "Double Bottom" reversal call with "W" formation.

Qs daily shows an up-TL resistance which was the intra-day high on 3/21/07 rally after the FOMC meeting announcement. After the huge rally, we now have three consolidation trading days in a tight trading range. As called intraday reversal earlier during the mid day, the intraday low, 43.63, was the 60m support. Qs closed at the intraday resistance near the intraday high.

On Qs 60m, it bounced off from the support which was the same as the intra low of the day. As we can see that it closed slightly above the intra day TL which is coming from the the end of Feb top. Therefore, technically, market up TL is still in tack. Even if Market trades to lower support which is 43 +/- when it broke above the 3/12 high.

SPX is also traded to upper resistance near at 1440. As we can see on 60m chart, it consolidated during the last three days. Having three-day consolidation in low volume actions is a positive sign for further upside. We need to see it closing above 1440. Again, I do not see any major technical damage to negate retesting the Feb 2006 top after filling the run-away gap with a possibility of new highs which is consistent with "Breakout Retest" scenario.

~~~


DOW closed at a resistance, 12470, on 60m and daily 50dma. Therefore, we need to see it closing above the resistance to continue the recent upside momentum.

Nasdaq closed above 50dma and 60m resistance. Having said that, we need to see it trading above 2460 which is the recent three-day consolidation TR resistance.

In summary, while I am cautious at this point with a possible "Lower-High" scenario, I do not think that this is the ST top.

Hi WB, I noted that I don't see that we made the top for the recent reversal.

The previous two trading days are in consolidation phase with low volume tradings. I also see that we have low volume today, but I still think that this is not a top.

All the Best and Good luck with trading

Hi Wonderbuy,

Hope you are well. How's your trading?

All the best!

WB, the prior posts ...

http://www.investorshub.com/boards/read_msg.asp?message_id=15908744

http://www.investorshub.com/boards/read_msg.asp?message_id=15911033

Hi WB, how are you? Hope that you enjoy this long weekend.

Sorry that I haven't visit you often but of course I want you to do well.

btw I want to let you know that the interesting facts.

Bernanke's favorite song is:

Which is exactly speaking the truth about the FED which the most of us think that it is the Federal Entity while it is a Private Profiteering Entity with the only purpose of making maxium profit.


http://clearstation.etrade.com/cgi-bin/bbs?post_id=7915296

"The Fed is Private Profiteering TRUTH I "
http://video.google.com/videoplay?docid=-8753934454816686947&q=Money

"The Fed is Private Profiteering TRUTH II "
http://video.google.com/videoplay?docid=-2665915773877500927&q=Money

I love the Bernanke's wisdom telling me the truth through his song!

Do you remember that I said 2007 is the year of God?

Well, we know know that the material masters, the Feds, IMF, BIS and the World Bank are the money masters...

But as we know, GOD is greater than money masters... so we shall see, how our God will win over the hearts of the money masters.

Best Wishes



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



99% of people is working for 1% wealthy group... after all. 1% controls 99% of wealth and 9% is the ones who are following the 1% wealthy group. 90% of people does not know what is going on...?

OUR FUTURE SPEAKS

Even in the U.S. and Canada the middle class is rapidly being squeezed down into poverty as the poor increase in numbers daily, despite the employment of both spouses now, often holding second and even third jobs, being forced to warehouse their children in institutions.

MISSION IMPOSSIBLE?
The last 20 minutes of Video II Summary
1. Pay off the debt with debt-free U.S. Notes.
2. Abolish Fractional Reserve Banking. As the debt is paid off, the reserve requirements of all banks and financial institutions would be raised proportionally at the same time.
3. Repeal of the Federal Reserve Act.
4. Withdraw the U.S. from the IMF, the BIS and the World Bank.

WB, re Fortress

What do you think about Fortress? This is my thought which I posted to David.



Bob on cnbc was commenting on Fortress IPO several times today, highlighting pros and cons. However, he was emphasizing on the average hedge funds do not perform better than SPX. You have noted some of the points in detail. I was interested in what others were thinking about the idea of hedge fund public offering since I noted that the rich folks will be benefiting from downside market; but, now we have so many ways to hedge financial future, we can't blame on downside market for portfolio not-doing-well. We now have efficient market than before as we can buy ETFs short/long sides. Good to see that we have more choice than just a couple of years ago. Market is becoming more efficient, and now public just needs to do well by doing their homework or by choosing good financial advisers.



Also, I am hearing rumors about iran. Hopefully things will work out peacefully.





Have a nice weekend

WB, how have you been? Sorry that I haven't visited you often.

I Hope that you did well.

QQQQ formed "batman" formation again. It is a bigger one than the one I noted on Dec 13. You will see the shape on 60m from the end of Nov to the mid of Dec.

As you can see, the formation is Bernanke Batman which I name it during Dec06. Do you remember the picture I posted with the QQQQ chart in December?

Have a nice weekend

Posted a comment on the TT board. The CEO of the website is excellent. He sent me an email while I was on stockcharts.com public list during Oct 2005. For ST, I am waiting for a confirmation, but for the LT view, I believe that we will see SPX will take out SPX 1550.

Globally, we are overloaded with a pile of cash from easy monetary policies and well managed funds making huge money since Oct 2002.

Good trades







http://www.traders-talk.com/mb2/index.php?showtopic=65335

WB, I commented it two days ago. Are you checking on my comments? However, remember that we have overloaded cash pile, so don't trust the TOMO level because it could fool you if you don't watch out because bears could be left out with dry-bones. It is better for markets to do a correction, but I wouldn't be fooled to think that it will until I see it.

Have a good day

http://www.trend-signals.com/index.htm

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Also, commented on it yesterday.

From: QQQQtrend Replying To : TopOfTheCharts (post 418400) Jan 19 2007 1:47PM
Title: the Fed fund

Very good point, btw, no Fed fund injection today as I noted that the recent rally looks like it is on steroid, the Fed fund was the steroid. But now, market has its own cash power so don't need the injection.
Have a nice weekend

http://clearstation.etrade.com/cgi-bin/bbs?post_id=7863273&usernm=QQQQtrend

Be careful with thinking that the major resistances, which I also commented, will hold, i.e. tops, until we see it because market has much liquidity to leave bears to become dry-bones.

Dr Joe, at least, changed 100% perfect indicator claim to 95% now. The indicator has many whipsaws when you back test. When I was on stockcharts.com public list for two month while I called Oct 2005 bottom, I noticed his claim finding perfect indicator which I received emails inquiring about it. You will see his indicator settings by viewing his link address; then, go back several years to see how accurate the indicator signals are.

Sorry, busy so not be able to post as often as I'd like to.
Don't we have superball game?

Enjoy

Commented on the 20dma support on Jan18. Qs consolidated as noted during the last two trading days as you can see on my real time comments. While 43.95 +/- is a support, need to break 43.60 +/- ma & TL support.

Hi WB, $SOX/SMH are at 7yr down TL resistances. Considering horrible performances in chip, the B/O failure was predictable. The group is bouncing a little today after heaving selling.

MOT sold before the earning with the bad news, now, it is bought on beating by 1 cent which was lowered guidance.

Have a nice weekend




XLNX 23.83 0.86 3.74%
BRCM(E) 30.50 0.95 3.21%
ALTR 19.98 0.38 1.94%
TER 15.20 0.23 1.54%
KLAC(E) 48.44 0.63 1.32%
NSM 22.28 0.26 1.18%
TXN 28.56 0.24 0.85%
AMAT 18.39 0.14 0.77%
NVLS 30.39 0.20 0.66%
MU 13.29 0.04 0.30%
INTC 20.71 0.06 0.29%
MXIM(E) 31.62 0.10 0.32%
LLTC 30.14 0.08 0.27%
MRVL(E) 18.76 0.00 -0.00%
AMD 17.78 -0.14 -0.79%
IFX 14.11 -0.13 -0.91%

Yes, WB, of course, since the future was trading down as we have seen today.

Also, we need to pay special attention to the Fed speaker tomorrow since market could react to the Bernanke speech.

AAPL is also mildly sold off, taking profit after the recent run up.

Good luck

http://www.trend-signals.com/index.htm


Qs bounced up from S2, 44.83, after trading in a narrow range as it waited for AAPL earning report. As shown on the 60m chart, it bounced off from 3-wk up TL within the mega phone formation. Since the 44.80 +/- is the breakout testing and since it retested it today, market reaction to AAPL earning report will impact the market direction. As shown on daily chart, it traded between support 44.86 and DTL resistance 45.40. Trading above this level, it will trade to, as noted before, 47 which is the breakout target. However, we will likely see a mild pull back based on market reaction to AAPL earning report and also, as shown on the 60m chart, a pull back is overdue.

SPX traded to 1435 which is UTL R, then retrieved to below the DTL R. Again, I noted that SPX 1438 is a strong resistance, so with overbought condition, we could see a mild pull back even though we had seen NASDAQ/QQQQ have broken out during the last week.
DOW is continuing to trade up with negative divergence. It traded to a new high, 12614, and reversed during the day. As shown on the COT chart, all speculators, commercial, large and small, are showing bullish on DOW while commercial is heavily hedging its position as we can see heavy put buying activity.
NASDAQ has shown doji yesterday and now we are seeing it retrieved to the breakout 2475, then it bounced. Again, with market reactions to INTC and AAPL earning reports, we could see a mild correction. However, we need to remember that market sentiment does not quickly change unless speculators have a reason. For example, we have seen a May 2006 correction because of the Fed's cautionary statements on inflation, therefore, market has reacted to the Fed stance, as it has traded down.

I commented on VIX breakout during Jan-Feb 2006 that we will likely see a breakout from 4yr DT and was observing a breakout. In Jun 13, 2006, I alerted the VIX breakout with climactic sell-off. Now, VIX traded down below the LT DTL and is still below the resistance as shown on the LT chart. Also, VIX is still trading below ST resistances on three different levels; thus, VIX moving above the resistances will be additional signal for a market pull back.



AAPL earning report in AH: it traded to near 100 which is the option speculative target price; then, reversed to downside. Even though AAPL beat the earning, it guided lower. The initial reaction to earning report is to take the warning as AAPL being conservative; however, considering the recent run-up, we are seeing taking profit since it didn't guide higher - sell on the news, especially after the conference call when a few warning signs for the company were discovered such as slowing inventory turnover.

Commented on MSFT VISTA in Aug06 that it will help NASDAQ to trade up. MSFT is broken out of resistance and it is, now, continued to recommend to buy by different analysts. Too bad that MSFT is getting much attention while many tech including chip stocks are making 1yr low or are trending down below Jan2006 while NASDAQ is multi-yr high.


A couple of weeks ago, noted GOOG testing 513 as it bounced up from a pull back, now, it traded to 513. Of course, the stock is favored to break above 513; however, it is showing, "double top" formation as of today. Again, NASDAQ is making multi-year high based on a few big caps.

Thanks, Horrible INTC selling off after earning report as AMD now it is only donw 2% in AH.

You put many hours on this board. I find it is really a waste of time at times, especially dealing with worthless posts with personal attacks. Anyway, need to focus on others things as well.





From: fly1965 Nov 17 2006 10:21PM
Title: best, your

calls been extraordinary for sure, this one is on me...straight up!

Mega parabolic move is just beginning. stay long, it will be amazing.

During the last few years, posted various types of recom as well as posting individual stocks.

As you see, there are losers who like to blame others, so don't need annoyance. No need to waste my valuable time on those stock postings even though I do on large caps such as GOOG or AAPL and since I mostly focus on marjor market direction. Those detailed questions are personal to a degree, so let's keep it that way. At least, that's my preference. If anyone can't understand where to buy or to sell with market comments, one needs to paper trade.

Take care and have a good evening. Send me email if you wish.

WB, you posted the downgrade as I remember. If you do search on AMD, you will see it.

Also, you can see at here as an example.

http://clearstation.etrade.com/cgi-bin/fundamentals?Event=analysts&Symbol=AMD&n/a

Most of pro trading platforms can do simple format programming as well as high level trading strats, as examples, Etrade, TradeStation, and, as you said, ameritrade. Just wanted to know whether your trading is based on mechanical trading, but I realized that you are not using automated system. Of course, a help for VB would be good for excel data work. I had help from very experience programmers who have over 20 years background, but yet it is not the same as I can do my self unless I paid anyone high fees.

Enjoy the day.

Maybe it is the work of T. Sec. Paulson. Which deficits are you referring to, Trade deficit?

Gold bounce seems to be technical as to $USD.

Which TA are you referring to, indicators? Using Excel for TA would be out-dated, as far as I am concerned. You said that you are not familiar with ADV VB and Macro as I, now, recall?

You can get simple programmable trading platforms to do TA and backrests. For example, Metastock has its own programmable language which you can do hundreds backtestable trading strategies.

These are my market comments.

Have a nice weekend



QQQQ traded above 45 breakout support and NASDAQ above 2475; therefore, the breakout is valid unless it is proven otherwise. For VST, however, as we can see on the weekly charts, QQQQ/NASDAQ closed at weekly upper "Price Channel" resistances which are strong, major resistances.

SPX closed with new high 1430.73 (12/15 1427.09) at the 1.5mo trading range top resistance which is 1438 which I commented on Dec 15, 06. I noted that 1430 +/- is the May breakout target.

DOW closed with new high 12556.08 (12600 +/-) which is close to relative breakout targets for SPX.

We have shortened Option Expiration during next week since Monday is holiday. Normally, I would be anticipating a moderate consolidation at the aforementioned major resistances; however, because of the significant bullish sentiment, I am expecting the week to be "Continuation of Breakout" unless proven otherwise. If market decides to consolidate during the week, I will make a note of it.

Jan 16-19 OE Week to be "confirmation" week during which it will be either confirming or failing the breakout.

We have major earning reports during next week, INTC 1/16, AAPL & IBM 1/17 and MOT 1/19, which the reports will gyrate major markets and will provide volatility for individual stocks.



As shown on the QQQQ daily chart, Qs closed at the daily/weekly resistance after breaking out of the 44.86 resistance. As noted above, major markets and indexes are closed at major resistance, thus, we need to validate the breakout during the shortened OE week.



As noted before, OIL traded to $55 during Nov06 OE week, then bounced to $65 resistance. From the $65 resistance, it reversed to downside, then it broke $55 support.
Oil Feb07 continuous contract price action shows that, After it is breaking $55 support, it traded to and bounced off from 50% retracement of Dec01-Jul06 rally near 52.50. If it breaks $50, it will trade to $45 which is a next support with $40 as a VLT support. On monthly chart, it is still showing strong downtrend below 50mma.

XLE bounced off from a support at 53.85 traded to 200dma resistance and closed above 50 weekly ma. While it will likely bounce from daily oversold condition, its weekly price action suggest that it will likely make lower high, then will find a next support near $50.



$USD has bounced off from LT support 82.31 1991 with LT symmetrical triangle formation. As shown on daily chart, it broke above 3mo DTL near to Nov2006 R and Jan2005-Oct2006 TL break back-test resistances. The recent bounce is technical bounce as we can see on weekly chart that it shows positive divergences as an important support. In addition, the recent $Eco numbers were healthy which helped Bond rates to trade moderately higher as did $USD. It will likely bounce to Nov06 DTL R near 85.50. With a DTL break of 85.50 +/-, it will retrace to 87 triple top.







http://www.trend-signals.com/index.htm
http://www.trend-signals.com/Chart/USD.htm

USD nicely bounced off from the low after it broke above DTL as noted before.

OIL fell off cliff, breaking the support and closed at Break TL resistance. You have mentioned that you find a correlation between OIL and USD. Agree to a degree as you can see in VLT chart, there is different degrees of the correlation between USD and OIL price.

GOLD bounced big after a few days consolidation.

CRB is consolidating after the sharp retracement.


Your analogy of chess game to game theory is a very good one.


ENJOY

Of course, most of us know about the chess move. So, game theory and playing chess has the similarities, but the game theory is a complex version of chess since it covers many area. The fundamental concept is the same.

What kind of programming? Sorry if I repeated the question.

It was accident that my posts were removed.

I find iHub board attack free, but CS reveals the bad intent of the same posters who are repeatedly attacking me because they were lost in market predictions since Jul 2004. But now CS is getting better control of the bad behaviors, usually they are the same posters.

I like the iHub environment where the board is tightly monitored ... CS is now catching up and I hope that they will continue to improve on it.

Also, I like iHub editing capability so that I can change or correct my writing in 15min.

Yes, actually Nollenberger downgrade is the one which it made it fell off the cliff.

Now everyone else is piling on.

Extremely pessimistic.

AAPL 1/17 INTC 1/16 MOT 1/19

Hearing that INTC earning will be a loser and, of course, AAPL as a winner.