Replies to post #6343 on The Black Box

[positiontrader]

Wahz,

2100 then back to 1850 before next launch

Regards

Marc

[Bacchus_II]

If your going to insult polled peoples .. should refrain I guess.

Signed: the drunk paranoid. (with love and respect of course)

[mjk]

How about 1840 (min)...I don't see how we're going to blow right through the Dow 200sma on the weekly as some do. Expect some battling around this area (9800), and for a decent pullback back below. Took about 9 weeks to finally leave behind the 200ema (with a range of 500-600 dow points), expect similar battling right here, though not necessarily so long.

2100 on the Nas would mean another 450-500 Dow points (guessing here), and I don't see that yet.

[Myself °¿°]

What ever the equivalent of QQQ 36.25 is??? Then maybe we fill the recent gap

[Chris McConnel]

My gut feeling is the nazz needs a pullback before we continue higher, so i will say 1800 first.

But we are entering the strong october-january period, so i could easily be wrong. It could just continue grinding higher.

(edit: but i will stick with 1800 first.)

[Blue Horse Shoe]

Reply from some IDIOT money on Zeevs... <g>

I think 2100 based on the upchannel. Don't even see 1800, more like 1850ish to fill the gap, bounce off the lower trendline and resume upward.

Noticed a possible inverted head and shoulders scenario which could form if we bounce off 2098 and head back to 1400, alternatively if the channel heads straight to 2300 and falls back to 1600, either of these would be read as super bullish and could potentially coincide with a run toward the election.

Would serve to wipe out many greater fools than a run straight up the current channel.

I will say your performance this year is outstanding and I wish I had discovered your board earlier, only found it a few weeks ago. Unfortunately I've been on the sidelines most of the year paralyzed by perma-bearish fundamentals, most of which still exist, but could improve with continued pumping. Just trying to avoid the crash, and it worked well 01 and 02, but getting nailed by my buy and hold buddies this year.

One contrarian concern is that Zeev is now bullish along with the electronic herd.

I think we hit 10K and 2K manana. Thanks for your insight.

BHS

[gottfried]

wahz, we are going to hit 2100 first. Gottfried

[Blue Horse Shoe]

Wahz,

Where are you looking to exit your current long at 34.77? Depending on how the days lay out, comp 2098 could be possible, does that qualify as 2100? <g>

The current comp channel is trending like clockwork and until the lower trendline is broken, we will not see 1800. Just wondering where and when your indicator may start looking overbought.

I'm expecting a GDP rally manana. Wondering if Savvy's 1=5 175 pt move plays out to 2015. Will be looking at an exit there should we break 1966.

http://www.saavycharts.info/