Bull or Bear week ended March 18?

[mimo_100]

Bull or Bear week ended March 18?

Spike wrote:

Hey Mimo, if it's not an inconvenience can I hand the polling reins over to you?? I sure would appreciate it!

Sure Spike. I'll take over for a while. Does anyone want to volunteer to take a turn at this in the future? Just post here if you do and I will create a list of
volunteers.

Thanks

Tim

[spikefader]

Thanks a bunch Momo!

[dmk112]

Stock market is way oversold....will bounce this week

[IIC]

Didn't see the poll till just now...I'm bearish...but not that much...I like the low volume range we are in on the Naz...IIC

[skiracer]

Stockcharts John Murphy's take on what's going on. Only a partial of one of his messages today.

[skiracer]

2nd and 3rd parts. Sorry about the multiple sections but before long I will have this down as to how to do it in one part.

[mimo_100]

2nd and 3rd parts. Sorry about the multiple sections but before long I will have this down as to how to do it in one part.

Sikracer,

Thanks for posting these charts. I copied them into Word then resized them 125% so I could read them. Could you post a link to Stockcharts to where we can find these? Thanks.

John Murphy is quite bearish. Do you care to post some S&P 500 targets?

Could you post a monthy chart of the S&P 500? The 200 day moving average is an important point on this chart.

Tim

[skiracer]

You would have to subscribe to Stockcharts.com and John Murphy's message alerts to be able to get this stuff.
I'll try to post his messages or the most important specifics of them when I get them.

I'm still in the initial learning stages of playing with sizing and uploading these charts etc. but eventually I'll get it down. I though the first two were readable but the 3rd one was two small but I can fix that. I'll get one on the monthly S&P 500 for you. I don't follow the S&P 500 religiously but alot of funds and institutional money does for their 50 and 200 dma's so it is kind of an important tracking average.

Murphy only holds by what the charts show and tell him not what he thinks will happen. That is what I like about the guy. He is usually pretty close to being on the money.

[Runner]

Not sure about the labeling. If this is correct I’d place “C” completion around the 38% fib. or 2023, for the Naz. Just trying to learn some EW. I’m finding out it is not an easy task to learn!!

[RL]

On this sight when Spike was handling this I predicted that the market would be up on 3\14 & 3\15 WRONG Then I said to look out after that I said this for no reason or knowledge of that happening but I was RIGHT [KINDA SCARY] but I just feel we are In for a nasty fall. Sure hope I'm wrong. By the way [New Born you might have something there]My name Is long and I'm only 5'7 maybe that Is the reason I don't short. Or could the reason be I don't know Jack S---

[skiracer]

Here's a 3 month S&P 500 SPDR (SPY) with a few annotations.

[Runner]

Not sure about the labeling. If this is correct I’d place “C” completion around the 38% fib. or 2023, for the Naz. Just trying to learn some EW. I’m finding out it is not an easy task to learn!!

Oh well so much for the 2023 bounce. Now will we head to 2008 and complete a double wave or might my EW be wrong and we crash below 2008? lolo

[dmk112]

Looks like the COMPX is sitting right on the 61.8 retracement, if we get a postitive close tomorrow we can get a nice rally going, if not....look out!!

[mimo_100]

Do we need DAILY POLL?

On this sight when Spike was handling this I predicted that the market would be up on 3\14 & 3\15 WRONG Then I said to look out after that I said this for no reason or knowledge of that happening but I was RIGHT [KINDA SCARY] but I just feel we are In for a nasty fall. Sure hope I'm wrong. By the way [New Born you might have something there]My name Is long and I'm only 5'7 maybe that Is the reason I don't short. Or could the reason be I don't know Jack S---

Hello RL,

As I read your post above, I wondered if we need a daily poll on the NASDAQ. What do you think? The poll would have to be posted around 9:00 the previous day and the duration set to one day. Do you think anyone would be interested?

Tim

[mimo_100]

Majority wrong again

3/18/05 6 bulls 5 bears 1 neither $compq 2007.79 Down 33.91 from 2041.60 Majority were incorrect.

There have been 9 polls so far. The majority have been correct 2 times.

This is continuing to look like a contrary indicator.

Does anyone want to volunteer to take a turn at this in the future? Just post here if you do and I will create a list of volunteers.