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Post by brosin on Oct 12, 2010 12:08:17 GMT -5
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Post by Rich on Oct 19, 2010 0:58:59 GMT -5
Last chart...since there's no one left to chat with. Here we go, spx daily, strong trend with rising wedge overtones. Uploaded with ImageShack.us
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Post by Rich on Oct 25, 2010 19:40:46 GMT -5
subtitled, 'Where have you gone Charles Dow....zio?' The transports and the industrials are in lock step. Uploaded with ImageShack.usUploaded with ImageShack.us
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Post by brosin on Nov 7, 2010 12:03:34 GMT -5
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Post by brosin on Nov 7, 2010 12:04:07 GMT -5
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Post by brosin on Nov 7, 2010 12:04:58 GMT -5
Quite interesting, those charts. Notice the MACD on the $NYSI. While the chart overall I'd say it paints a pretty bullish interim picture, that MACD suggests we might be getting set to roll over a bit.
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Post by brosin on Nov 9, 2010 12:50:30 GMT -5
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Post by brosin on Nov 9, 2010 12:50:39 GMT -5
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Post by Rich on Nov 10, 2010 20:08:10 GMT -5
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Post by brosin on Nov 10, 2010 20:32:40 GMT -5
I wonder if we don't see it like 30 minutes into the open? I have to think the CSCO price action (not the news) is going to cause a major
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Post by Rich on Nov 10, 2010 20:36:23 GMT -5
impetus, for sure. A helpful nudge from other economic #'s could send it right over the edge.
Now I don't even want to go to work tomorrow!
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Post by benvestor on Nov 12, 2010 2:18:45 GMT -5
She is on the verge here...
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Post by benvestor on Nov 14, 2010 20:24:05 GMT -5
Stochs say we pulled back to oversold on the hourly, but still at 68 on the daily still..
Tomorrow we should get a bump up but seems like we still have more downside..
Seems like the markets are sensitive to bad news now and good news is expected
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Post by Rich on Nov 14, 2010 21:19:20 GMT -5
IYR daily. A little different than the spx. You can see it broke down from the rising wedge and is below the 20 day sma. I've been watching this keenly as I still believe this to be the true leader of the broader market. Uploaded with ImageShack.us IYR ISHARES DJ US REAL ESTATE SECTOR Weekly Commentary Our system posted SELL CONFIRMED . The previous BUY recommendation that was confirmed was made on 10.15.2010 (28) days ago, when the stock price was 54.3600 . Since then IYR has gained 1.10% . SELL-IF is confirmed by a black candlestick with a lower open. The confirmation price is taken as this week's open (57.510) according to Rules of Confirmation. Bears are getting stronger. The market hesitated a week, but finally confirmed the bearish pattern with a one week delay. It opened this week with a gap-down and the price activity resulted in a close lower than the open. This is a valid bearish confirmation. We hope that you sold this stock. You should watch the downward gap in the beginning of the week, closely monitor the current confirmation status posted daily, feel the bearish tendency of the market making sure that prices stay below the opening price and then sell your shares. Your benchmark was the opening price of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark. If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the session during the week or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions. The market is an inviting one for short-sellers. Risk lovers may now go for short sale. Data provided by: End of Day Data SELL CONFIRMED This is the weekly candlestick by American Bulls. The daily is a bit more indecisive.
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Post by brosin on Nov 24, 2010 20:49:23 GMT -5
Still seems to indicate we have another week or 2 of selling
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Post by Rich on Nov 24, 2010 20:55:40 GMT -5
thanks, I needed to see that. I was getting too bullish. I'll probably need a double dose of Clinton and Commoditypro, too.
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Post by brosin on Nov 24, 2010 21:04:38 GMT -5
The *only* thing I as a "68% long" bull (LOL) am clinging to is that March 2008 bounce of that black MACD line right off that red line (by the way, WTF is the difference between those 2 lines??)
Other than that, the black pretty much slices through the red every time. And the 2008 was when they were both below 0 (yeah I don't know what that 0 line is either)
(this is brought to you by 'charting for dummies by dummies') ;D
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Post by Rich on Nov 24, 2010 21:20:58 GMT -5
We'd have to get our chartists to come up with an answer there bros. I'll bet dual knows. The black and red lines seem to be moving averages of the histogram. I thought originally that the black line correlated absolutely to the histogram (ala 'the chart pattern trader) but that is not the case.
modify....excuse me, that is the case. when the black line crosses the red line, so the histogram goes positive or negative.
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Post by brosin on Dec 8, 2010 20:36:12 GMT -5
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Post by Rich on Dec 9, 2010 22:31:28 GMT -5
spx daily candles. bounced right off 1127, very bullish... Uploaded with ImageShack.us
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Post by Rich on Dec 12, 2010 13:32:16 GMT -5
spx daily fan fib lines as suggested by Cosmic the bear months ago Uploaded with ImageShack.usThat's the chart, now here's the chat. Even after the Bernanke Push, price action struggled to attain the fib line of near term historical significance. The last 2 sessions have placed it firmly above that line. This would suggest strength.
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Post by Rich on Dec 12, 2010 14:13:46 GMT -5
technicals are great, but at this time I think the news will play a big part in price action. China and the tax bill.
The opexers will use this to their advantage.
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Post by benvestor on Dec 16, 2010 0:28:12 GMT -5
kind of an ugly snippet here, but my chart says we tried to get back in the previous rally channel pitchfork twice and failed.. while we will probably try again, if the dollar rallys after xmas we can get that pullback that everyone never asked Santa for after a few weeks of the CPCE being uberbullish, it looks like the money is moving to puts. This happened mid november I don't think we cant go straight up from here guys
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Post by Rich on Dec 19, 2010 20:33:13 GMT -5
I don't want to over-do this but if we hold this fib fan line the resulting up move could be epic. This is the biggest reason I've been long. Look at that flat top creating the ascending triangle. Uploaded with ImageShack.us
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Post by Rich on Dec 20, 2010 11:23:17 GMT -5
spy broke out of her death throes ftm...still don't like it Uploaded with ImageShack.us
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Post by Rich on Dec 20, 2010 22:59:05 GMT -5
Here's the daily McC summation index. Note the similarity to last year. Uploaded with ImageShack.us
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Post by ask2lern on Dec 21, 2010 6:56:24 GMT -5
Here is an interesting chart I came across on Gold vs. various paper currencies over the last 10 years..................GL Uploaded with ImageShack.us
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Post by ask2lern on Dec 22, 2010 12:32:17 GMT -5
Here is one I came across that I found worthy IMO.......................GL Uploaded with ImageShack.us
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Post by ask2lern on Dec 23, 2010 7:38:50 GMT -5
From Stocktwits .....................GLTA jackdamn Over the past year of so, when the SPY traded 10% or more above its 200-MA, weird things happened Uploaded with ImageShack.us
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Post by brosin on Jan 8, 2011 17:12:35 GMT -5
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