Replies to post #11526 on Market Sense and Sentiment (MKTSS)

[bbgold]

Happy New Year Bernard!
I hope that this year is a Happy and Prosperous one for you, and me <GG>. I have heard that it is the year of the Goat, the Sheep and the Black Sheep. Tess is a Sheep sign so does that mean this should be a good year for her? I am the Boar and am supposed to get along well with either the Rabbit sign or the Sheep sign. I guess that is why Tess and I get along Eh? We picked up some Chinese breads and some kind of small alcohol containers the other day at the oriental store. Tess took all of the breads to work and tomorrow I might try sampling some of the drinks. Not really sure what they are as the labels are all in Chinese <GG>. I hope that you will have Many Happy Celebrations and get a Lot of red envelopes.
Take Care my Friend! Sincerely, Bob :^)
http://www.new-year.co.uk/chinese/
http://www.educ.uvic.ca/faculty/mroth/438/CHINA/chinese_new_year.html
http://www.chinatown-online.org.uk/
http://www.gio.gov.tw/taiwan-website/5-gp/newyear/


Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!

[Bernard Ng]

IndexPulse TrendWatch for Monday

Overall Market:
Long Term: Short
Medium Term: Short
Short Term: Long

Time Frame and Trading Signals: as stated in iBox

Futures are green. FTSE has a huge runup in the morning and consolidating at high, if we expect INDU to play catcup, it should be a rather green day. INDU had made a LOD type of signal on a daily basis, see if we can develop a rally here for us to short it back in the Medium Term time frame. According to the futures, we are not making a right shoulder, so I assume we are making an expanding triangle, with Short Term resistance reset to 8200.

ISM Index and Construction Spending will come out at 10:00am. I expect the ISM Index to be lower than last one, but will it affect the market to go up? Maybe for 10 to 15 min only.

INDU's 5 day MACD support at -60, resistance at +30. Watch the market for a little pull back at +30, as we've been range bouncing for a while.

INDU should have a trading range between 8000 and 8200.
NDX should have a trading range between 980 and 1020.
SPX should have a trading range between 850 and 880.
JMHO.

signed,
Bernard