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Myself °¿°

07/01/08 9:26 AM

#2002 RE: Myself °¿° #2001

pre intraday thoughts

EU markets currently down well over 2% here in our premarket.
Futures bouncing around down here about -1%
This will give panic time with a 1% spread.
I will be stabbing in the dark long all day
and would like to see the markets recover today/tomorrow for my comfort sake.

We have key econo news until 10:00
http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm




http://www.fulldisclosure.com/highlight.asp?client=cb




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AnderL

07/01/08 10:13 AM

#2006 RE: Myself °¿° #2001

Is this similar to Nov07 action? I'm waiting for McClellan lows to show divergence to price lows. So maybe a 1 month bounce from here then another drive into the depths. Dow 10000? But it is an election year. so maybe this is the bottom we are coming up to...



I took some liberties with what you gave me. Technically we are approaching a bounce territory, but if the bounce is weak then we have the potential for an acceleration of the trend down. Might not be enough to break out of the falling wedge. It will probably come to an upside breakout point on election day. Obama wins and there is a sell off, market doesn't want to lose its tax benefits, but economy will start healing. McCain wins and there is more free money and inflation to come, good for market but bad for the economy overall. Not being political just realistic.




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Myself °¿°

07/04/08 11:59 AM

#2055 RE: Myself °¿° #2001

A few charts

http://stockcharts.com/charts/indices/McSumNYSE.html



NYA D/W/M #msg-23305127
Live NYA monthly lower Bband and previous low price quotes


Futures are trading today (4th)
es1~15,30,60m #msg-27353662 ES1~D/W/M #msg-27353690
5 straight weeks of this... nasty


VIX D/W/M Bbands mac-d #msg-29737381
congestion @25+ but could easily see 30+ on the spike

NYUPV:NYTV ~ OEX a longer view #msg-30349761 quick chart #msg-22085374
It appears OEX could fall 10+/- points and quick chart would still be in check.
The following day oex could still plunge 20 points intraday.



Re: Q's test
Ignore the last identical echo candle (I'm not sure why QT/ameritrade does this)
As you can see the Q's more than tested the breakaway gap
and closed under the 61.8% retrace.
Follow replies on breakaway gaps #msg-29890933


ftse cac dax down over 1.00%
I truly had (hope) thats that word again
...the global markets would take advantage of our holiday and pull us out of this. apparently not
INDICES CHARTS FOR OVERSEAS MARKETS
http://www.wwfn.com/commentary/oscharts.html
Asian_Stock_Markets
http://www.allstocks.com/markets/World_Charts/Asian_Stock_Markets/asian_stock_markets.html

So how low do we go before we get a sizable relief bounce?

This is a few of the (Global) find on this page charts for $ symbol search @ stockcharts.com
http://stockcharts.com/symsearch/?%24

$DJW Dow Jones World Stock Index
$DJW1 Dow Jones Global 1800 Index
$NQGM Nasdaq Global Market Index
$NQGS Nasdaq Global Select Index
$SPTGD S&P/TSX Global Gold Index
$SPTGM S&P/TSX Global Mining Index


$DJGEX Dow Jones Global Exchanges Index
$DJGSP Dow Jones Precious Metals Index
$DJGT Dow Jones Global Titans Index


$DJA1 Dow Jones Global 1800 Amercias Index
$DJA1ATO Dow Jones Global 1800 Americas Automobiles Index
$DJA1BAS Dow Jones Global 1800 Americas Basic Resources Index
$DJA1BNK Dow Jones Global 1800 Americas Banks Index
$DJA1CGS Dow Jones Global 1800 Americas Cyclical Goods & Services Index
$DJA1CHM Dow Jones Global 1800 Americas Chemicals Index
$DJA1CNS Dow Jones Global 1800 Americas Construction Index
$DJA1ENE Dow Jones Global 1800 Americas Energy Index
$DJA1FOB Dow Jones Global 1800 Americas Food & Beverage Index
$DJA1FSV Dow Jones Global 1800 Americas Financial Services Index
$DJA1HCR Dow Jones Global 1800 Americas Healthcare Index
$DJA1IGS Dow Jones Global 1800 Americas Industrial Goods & Services Index
$DJA1INS Dow Jones Global 1800 Americas Insurance Index
$DJA1MDI Dow Jones Global 1800 Americas Media Index
$DJA1NCG Dow Jones Global 1800 Americas Noncyclical Goods & Services Index
$DJA1RTS Dow Jones Global 1800 Americas Retail Index
$DJA1TEC Dow Jones Global 1800 Americas Technology Index
$DJA1TLS Dow Jones Global 1800 Americas Telecommunications Index
$DJA1UTI Dow Jones Global 1800 Americas Utilities Index


I think thats enough for one post