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Re: TechniTrend post# 34777

Tuesday, 10/17/2006 6:57:41 PM

Tuesday, October 17, 2006 6:57:41 PM

Post# of 37180
TT - Do you mind me asking what extreme values you are looking at? The one I use is Slow Stoch(39) and it nailed the May 04 and May 05 bottoms, showing that this is also a major bottom and has been turning up for 3 weeks.

USD is also finding resistance at its July high and appears to be rolling over from a 70+ RSI. It would help even more if it closed below its 200dema.

I'm also liking the correlation of gold and oil. Oil appears to also have bottomed.



Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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