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[xe2dy]

Great post by deacon


"Quite unusual mcclellan reading, a narrow change at such an oversold level
http://www.mcoscillator.com/Data.html

narrow change reading in the OSC along with the nr4's are a trend day in the making again.

as usual, buying the monday low, perhaps after a weak ppi at 9:45am et, should be good for a scalp...then can the bulls do anything more remains to be seen


almanac shows INDU up 16-3 on july 1st last 19 years, and almanac also shows a bullish day monday 7/7

cxo shows thursday weak and monday up
http://www.cxoadvisory.com/calendar/July/

vtoreport holidays had thursday up 20-13 and monday down 13-20 range 1971-2004

we do seem oversold enough for the buy end of month trade, but we could have said the same oversold comments for the last 3 mondays:
"The SPX gained 753 points from January 1995 through the end of 2004 (10 years). But, had you purchased the SPX the day before the last trading day of the month, and exited on the opening of the fifth trading day of the month (and you stayed out of the market the rest of the month), the gains were 820 points. That's right. Those six trading days, on a net basis, led to all the market gains. The remaining 14-16 trading days of the month led nowhere. Sixty-four percent of the trades were successful."
http://tradingmarkets.com/.site/stocks/com...32005-42252.cfm

INDU normally does well in july
http://www.chartoftheday.com/20070608.htm?T

the election year chart does show a weak last 1/2 of june before a blast off
http://www.chartoftheday.com/20071228.htm?T

8th year of decade has been the 2nd best historically(after 5th), and the ballistic moves of 1968 and and 1978 did have a pull back in the month of june
http://www.stockindextiming.com/marketviews/mar08/

ike has a couple free interviews this weekend"
http://marketviews.tv/channels/central.htm

http://www.traders-talk.com/mb2/index.php?showtopic=90444