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Very good, WB Do you agree?
Now, market is at resistances after the breakout as commented below.
For brain exercise: What do you think about Game Theory? I am seeing the same chart analysis which I was posting as a part of my market analysis. I have 1000s visitors on my personal website, so of course others are using the analysis I have posted as well. That is the game theory. At some point, any system will be nullified. btw, did you say your background is in computer engineering?
Good trades
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7852105
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7847560&usernm=estonia
~~~~~~~~~~~~
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.
http://www.trend-signals.com/index.htm
WB, he certainly does, but for AMD, to the opposite direction since it is over 10% down this morning after recommended to buy.
So, I don't pay much attention to him unless I hear his comment on familiar big cap stocks which I focus on.
Good trades
WB, Cramer just recommended AMD yesterday.
I think what we are doing is just a waste of time because the major brokerages will trade against all traders.
Remember, that is how they make millions + bonus.
From: estonia Jan 11 2007 7:22AM
Title: note to Q
Q, your TA work is top notch. Obviously, TA is your passion. I follow it closely and appreciate the fact that you're willing to share.
Nevertheless, remember that if there were a TA program that was 50.0000001% correct all of time, it would be guarded tighter than Fort Knox.
God bless; happy trading.
Tom
You can refer to wonderbuy's post.
The graphic is too scary so posts are gone.
http://www.investorshub.com/boards/read_msg.asp?message_id=16162255
WB, QQQQ ST target 46 looks good since that is the top bb band as well.
Actually it is closed at a top resistance.
CS must not like the Doomed house description with the scary graphic. But it is the fact since the drop will be steep and sudden.
Well, market will whipsaw with news, so be careful. Market is O/B at resistances, but that could be changed in a dime...
What do you think?
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7848685
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7848573
From: phatcoyote Replying To : TopOfTheCharts (post 418455) Jan 11 2007 2:44PM
Title: any alternative value?
The last I heard was that solar growth was going to be limited only by the availability of silicon wafers and production capacity. Maybe I'm getting companies confused, but wasn't stp expanding US production, or was that a different one? Amat at least has some value. No p/e means no buy is safe.
The entire market seems to volatile to commit to stock plays right now though.
It seems the big guys are into fleecing even small groups of traders if they can find them. Buying an extended ralley is just asking to be whipsawed out of your position. They can just take some of this stuff to the moon if they want without my money in it and I'll live with it.
WB, Market has broken out as I warned. Now, I will monitor the price actions against Domed house formation and Bradley's turn dates.
Unless proven otherwise, keep in mind my high targets as noted before.
The domed house formation is deadly for short because it does not retrace once it breaks out.
Good trades
~~~~~~~~~Caution for short-side: We need to keep in mind the high market targets which is DOW 13000, SPX 1475 and NASDAQ 2550 which were my original upper target in a longer timeframe when I did market analysis during Jul-Aug06; however, this market is in fast chase money mode trying to hype up the market to the targets by the end of May07.~~~~~~~~~~~~~~
NASDAQ/QQQQ have broken out of the top resistances, NASDAQ 2475 and QQQQ 44.75, as commented during the last week and warned a couple of days ago. Now, I will monitor "Domed House" formation which is an alternation of Head & Shoulder formation. Note the widely followed Bradley turn date showing the next turn date in early March 2007.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7848685
Yes, Negative breadth is well noted as well since the end of Nov.
We now have slightly negative future, but as we know that could change in a dime like yesterday trading.
However, BOE (?) raised interest rate unexpectedly. Would that control over flooded market with excessive cash?!
Need to be cautious, especially during earning season.
I see that you modified the chart which I posted with LT view. You read my mind. As noted on my previous post with comment of "triple top" formation as of yesterday close, we are waiting for a pull back.
Better to distrust this market action, and be ready for breakout scenario if and when it does.
Good trades
WB, what is your opinion on the issue?
Have a good one
As commented earlier, QQQQ traded to upper target with AAPL upgrade and Oil trading down.
The last high in Nov06 was 44.75 at which we have triple top as of today. I alerted to take PROFIT at Nov06 high after alert to buy in Jun-Jul 06 low.
Now, we have a "Breakout" scenario with bullish sentiment with "large cap" upgrades such AAPL upgrade today. Trading break out with greater risk at this point is for ST trading only. A potential high target is to near 47 with a successful breakout.
SPX is consolidating at 50ma above SPX 1400 which I noted. It traded above SPX 1406 which is initial support. It will be a short term trading, if and when it crosses above SPX 1417 +/-.
Conclusion: Breakout trades will be ST trades until noted other wise. We are in earning season, so, any earning news will move markets, so it is wise to follow the volatility.
Yes, it is Cup & Handle formation. INTC closed at DTL resistance and KLAC at top/breakout resistance.
Not sure about Pres Bush. We shouldn't just pull out, so need to finish the job somehow.
With Dem, maybe they can come up with brilliant ideas.
We have major stocks on breakout alert watch.
Yes, AAPL is a major stock to move markets. WB, my comment on SOX....
http://www.trend-signals.com/index.htm
$SOX is about to break out from a 7yr LT DTL. SPECIAL ATTENTION to price actions during the next week to confirm a break out.
$SOX is breaking out from 2mo
consolidation as shown with a yellow highlight dot, trading to near
previous double top 495 resistance.
On July 22, 2006, I commented on 9mo and 4yr cycle notation
reversal. Since the $SOX traded up 1.5mo, consolidated 4mo in a
trading range. Now, it will likely break out to upside with a
target of 550.
SMH closed at TL resistance, however, it will likely breakout to
upside with target to the previous double top prices, 35.69-35.86, near
36.
SMH closed at TL resistance, however,
it will likely breakout to upside with target to the previous double top
prices, 35.69-35.86, near 36. With $SOX breakout confirmation, it
will breakout the triple top formation with a target to near 39.
$SOX traded to a 7yr long term TL, as
commented above, it will likely trade to $SOX 495, then to 550 which was
Jan 2004 top.
On July 22, 2006, I commented on 9mo and 4yr cycle notation
reversal. Since the $SOX traded up 1.5mo, consolidated 4mo in a trading range. Now, it will likely break out to upside with a target of 550.
AAPL Break out today with analysts upgrading the stock... they are all over it.
WB, We have a comparatively low Fed fund TOMO again. This market is flooded with much liquidity.
It seems that market does not need the FED money since we have over-supplied global cash-liquidity
OEPM: Good morning, WB, since you are mainly trading options, could you take a look at my comment below. NM's posting is totally going against the agreement and the work which I put in since Aug 2004 which is shown on my personal website http://www.trend-signals.com/MM/OEPMconcept.htm
His posts on ClearStation is totally deleted, so now he is making false statements as shown on his system description.
There are many readers who know the truth, now his posts were deleted, so he is making up a false statement as if he is not going to face a consequence.
It is just a matter of principle and integrity. As you said, it is better to be alone that to deal with bad company. I made a mistake working with him from the beginning. The reason that I did was that he was calling upon God, but he didn't show integrity while we were communicating on CS.
It seems that he will never be truthful... what a waste of many hours of my time. God will deal with this since I trusted God on this issue.
Wanted to point this out to you.
Have a good day
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From: QQQQtrend Replying To : hari_seldon (post 87880) Jan 10 2007 9:06AM
Title: re nm's System Description
Just read his system description which states false documentation on the last paragraph as he continues to show ill intent which does not honor an agreement. What he does with "OEPM" is his choice, but his statement below is clearly a false statement, The OEPM is a proprietary system and not available through any other source but I suspect it will be a KNOWN system as we go forward displaying its potential using this Collective2 forum!?
He should provide his system name such as "OEPM Factor" since his system is not "OEPM" which I posted since Aug 2004 under the agreement.
As far as I am concerned, he is dishonest, just same as he has displayed on th boards.
Let's not waste our time on his nonsense. I CERTAINLY DO NOT WANT TO.
Have a good day
System Description
The OEPM has been a working module since 2002 and its sole basis is the amount of price movement that occurs between Option Expiration dates. This movement is expressed in percentage terms with increments of 1.25% acting as key resistance and support lines.
With extensive backloading capabilities it can be applied to ANY and all indices and stocks but the preferred instrument for trading purposes has been the Qs. The Qs are one of the highest rated in regard to liquiditiy and display a level of stable movement in regard to price action that can be very rewarding.
Well use common trades of buying and selling short the Qs combined with basic option purchases in an effort to exploit the percent movement between key S/R levels during the Option Expiration period. We also deploy a more sophisticated "short selling" of options to trap the Qs in a tight range that if violated will deposit profits into our account.
Along with the OEPM factor, Im a long time user of options and have an extensive knowledge of combining stock and option purchases to protect ones core holdings while leveraging profit potential.
The OEPM is a proprietary system and not available through any other source but I suspect it will be a KNOWN system as we go forward displaying its potential using this Collective2 forum!?
<hr>
From: hari_seldon Replying To : hari_seldon (post 87840) Jan 10 2007 7:43AM
Title: nm only down 30% now
http://www.collective2.com/cgi-perl/systems.mpl?want=publicdetails&systemid=24069868&session....
Yes, NASI weekly is showing extreme negative divergences as we posted these charts about one month ago, if you do search $NASI you will find it on my post as well.
Furthermore, this NASI chart is LT chart in which we can see a sequence of lower peaks just same as prior to 200-2002.
We need to be cautious since negative divergences can last longer than anticipated, but eventually market will fall apart since it can't sustain the higher price actions based on a few stocks when consumers are collapsing.
WB Yes, of course. Market finished flat even though we have low TOMO. Right after I posted TOMO, I heard it on CNBC commenting on the global liquidity is huge by which it is supporting the current market level. A perfect co-incidence.
That comment confirmed what I was thinking.
We need to keep in mind the high market targets (market hypers) which is DOW 13000, SPX 1475 and NASDAQ 1550 which were my original upper target in a longer timeframe when I did market analysis during Jul-Aug06; however, this market is in fast chase money mode trying to hype up the market to the targets by the end of May07.
http://www.trend-signals.com/index.htm
It seems that market does not need the FED money since we have over-supplied global cash-liquidity.
WB, we already have "4 in One" Blackjack by cingular and other tech companies.
AAPL new product hype is overdone.
AAPL ... without AAPL & GOOG hype, our market will be in dump.
Of course, we have oil stock hype.
Yes, Buckeyes was like "Fast, chasing Money" sprint off... then, they ran out of gas.
Gators performed better than we expected. Thank God!
It was exciting game though... fun to watch.
I led a local alumni gator team for two years in the past, but lately I haven't followed up with the games after new coach came a few years ago, but lately, Gators really mustered up good team work. Excellent.
WB, we had a low volume until AAPL spasm.
I expect this kind of volatility during the earning season.
AA is reporting tonight.
TOMO usually affects the day of release? No study done the effect on the following day, but I do not put very close relationship even though I do check it once in a while, but good that you did.
From: QQQQtrend Replying To : QQQQtrend (post 87864) Jan 9 2007 12:49PM
Title: AAPL manipulation & new product news
That was a wild ride, what a volatility! The new product news hype is just amazing as if other companies are not going to introduce new products.
No one is selling on the news YET.
From: QQQQtrend Replying To : QQQQtrend (post 87861) Jan 9 2007 12:25PM
Title: AAPL FUMBLE
AAPL FUMBLE.. aapl cliff drop... in spasm!
From: QQQQtrend Jan 9 2007 12:20PM
Title: TRIN - TRINQ - VIX - VXN
Low TRINQ remaining at the same level as yesterday ...........
AA report tonite.
AAPL gain of 2.6%... NAS would be severely negative without AAPL.
WB, We won! "In God, We Trust" Florida Gators #1 The National Champion!
#1 Florida 41 : Ohio State 14
THE NATIONAL CHAMPIONSHIP GAME
Rank Team Record Votes Previous
1 Ohio State (65) 12-0 1,625 1
2 Florida 12-1 1,529 4
BCS NATIONAL CHAMPIONSHIP GAME
Glendale, Ariz.
Jan. 8, 8 p.m. (Fox) Ohio State (12-0) vs. Florida (12-1)
Qs showing negative D.
TRINQ finished with doji
VIX/VXN traded to resistance.
WB, QQQQ neg D.
Hopefully, not many investors/traders are big and dumb *p.
We have relatively low volumes in major market/indexes. Who would be genuinely believe in this market hype.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7842086
AMGN, Would be better to wait for a break, it is at a Jul03 top resistance with positive D on weekly with tight Sym Triangle as you also point out.
Thanks, WB, and please note on this poster who is pointing up and up and up... it seems that he is the bull leader at the moment.
Many bulls are following his points up and up and up, now, he has so many bull followers are peeking his site for any clues. ie we could know this by his page reader # at the bottom.
A poster who is a screaming bull on CS pointed this site a few days ago.
http://carlfutia.blogspot.com/
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7842020
WB, The National Championship Game is exciting, especially when you are younger out of college and when you have influence with younger relatives attending the college.
As you can see on the link below, Florida had the two bowl games in a row in 1995 and in 1996. I went to both games at where the games were held, in Tempe, AZ and in New Orleans. We had the lose in Tempe, Sun Devil Stadium, but won the 1996 National Championship game in Sugar Bowl. Our trip to Tempe was boring, especially when we lost; but to New Orleans was fantastic when the game was on Jan 2, 1997. We had the New Year party at there and still vividly remember how exciting it was that many college students and alumni were parting at various places including on N.O. streets.
Let’s see whether we will have the winner, “Buckeyes” 666 vs “Gators” in God we trust.
You already know what my answers will be if Buckeyes wins I'd say, I told you that we have "666 - Money King" within us, not saying that the Buckeyes are evil, and if we wins, I'd say that "YES, God, we trust, won".
Of course, you know "UF Gators are the best since we trust in God".
Bowl Alliance Championship Game results
http://en.wikipedia.org/wiki/Bowl_Alliance#Bowl_Alliance_Championship_Game_Results
http://www.investorshub.com/boards/read_msg.asp?message_id=16032817
http://www.investorshub.com/boards/replies.asp?msg=16032817
Low TRINQ
WB, China & The National Championship game.... more fun.
Glad that you enjoyed. We had a discussion on China which I find it interesting.
Also, the NATIONAL CHAMPIONSHIP GAME will be interesting -- MY TEAM!
Enjoy the NATIONAL CHAMPIONSHIP GAME, "The BUCK Eyes VS UF Gators". The last time when we won the NATIONAL CHAMPIONSHIP GAME was in Jan 2, 2007 for "1996 National Championship Game" in New Orleans -- exactly 10 years ago.
Rank Team Record Votes Previous
1 Ohio State (65) 12-0 1,625 1
2 Florida 12-1 1,529 4
BCS NATIONAL CHAMPIONSHIP GAME
Glendale, Ariz.
Jan. 8, 8 p.m. (Fox) Ohio State (12-0) vs. Florida (12-1)
http://clearstation.etrade.com/cgi-bin/bbs?post_id=7840300
~~~~~~~~~~~~~~~~~~~~
From: QQQQtrend Replying To : AceStockPlayer (post 418277) Jan 7 2007 9:08PM Title: ACE re China, $TRAN-DOW, THE GAME
Thanks for the info and for your comment. When we consider that the current raise of reserve requirement is 4th or 5th, we would not think that this would deter further advancement of the Chinese market. However, I find FXI volume looks interesting and am wondering whether it is due to the news or it is just reacting to the morning news to exploit the news for fast trade. Certainly, I find the volume and the weekly formation, Shooting Star, to be interesting reversal formation.
Correction: DOW high volume is unconfirmed which seems to be erroneous data, however, Bob cnbc also mentioned the high volume. As of now, it will be considered as incorrect data.
$CRB looks to be bouncing which will be noted as OIL is getting support.
We had wonderful weather in N.W. having 70s today.
007 BOND
Inverted Yield went up today. TAKE PROFIT before the bubbles bust.
In June 2006, didn't I say that market is forming "Beretta"? Now we have huge BERETTA, so, it is wise to take profit... NOW....
DOW is making the highest Volume in its history today.
One major fund is taking profit and transferring to BOND.
~~~~~~~~~~~~~~~~
only ONE Major Profit Taking on DOW today that we heard of.
We know that someone was taking money off table which was shown through CMF indicators on major markets and indexes.
Some are still buying the profit taking as we have seen today that the DOW profit taking is bought!
Well, other major conservative funds need to take profit to see a meaningful correction.
If anyone has the right mind would reduce risk at the height that we are in.
~~~~~~~~~~~~~~~~~~
From: QQQQtrend Replying To : QQQQtrend (post 418224) Jan 5 2007 11:12AM
Title: DOW Profit Taking!
DOW Profit Taking! DOW - TAKING PROFIT!! Wise investors are taking profit on DOW and moving to BOND!
~~~~~~~~~~~~~~~~~~
From: QQQQtrend Jan 5 2007 10:51AM
Title: DOW high vol & China move
China is requiring higher reserve % on banks... to control inflation. Heard it early on the world news, but didn't find printed news yet. Anyone heard about it?
~~~~~~~~~~~~~~~~~~
DOW is showing unusual high volume which I think that it is due to the job cut shown through housing and manufacturing and, of course, due to the recent huge, bubbled up pump.
As commented before, we had a few weeks of negative divergences on various breadth indicators. Also, note the COT high hedging activity by commercials.
WB, ENJOY the ski trip.
Many small traders are realizing that we have higher risk.
Guess who was pumping market today.
Note the huge TOMO inflow.
AMGN, ORCL, and QCOM traded up, of course, today.
AMZN to previous resistance near 72 and to 50ma. A consolidation is expected; note, weekly bounce at the lower Sym Triangle TL.
ORCL bounce from the mid TL support.
QCOM traded to previous resistance, DAILY down TL.
SPX closed at a resistance as shown on the 60m chart. As said earlier, we need to see it trading below SPX 1400 to see a ST correction.
CMF is trading negative now as shown on the Daily chart.
We are going into earning season during which we will have whipsaws.
$CRB has broken closed near at a support today.
GOLD is h olding at 50ma on the weekly, forming symmetrical triangle.
IYC ratio is higher today, signaling "Recession Warning".
XLE is busting out of BB, but near a support at 54.
We have good volumes on major markets and indexes today which are signs of excess cash pile loooking for a fast return. However, DOW shows a low volume.
WB, OIL is broken below the recent support. The recent hype is just speculative hype which was driving up the oil price 80.. for now it is done.
Would wonder the reasons for the bust except for speculation. "Angola" in OPEC would be a factor? less demand?
It closed below monthly 50ma.
For now, it is a pull back, but remember it was in 20s.
SMH is holding at a support as shown on the daily chart.
Good Luck
AMD is a house of Pain with the horrible downgrade...hopefully good earning report to relieve the house of pain?
Of course, the INTC upgrade this morning is taking this higher.
QQQQ 43.89 Resistance is ma resistance as well as TL R.
It must stay below 43.89+/-
With extremely low TRINQ... we need to see a pull back.
TRINQ is extremely low which is "China Bull" syndrome, but in reality, it is "US Bust".
Enjoy and have a wonderful trip.
Stay safe...