Market Watch

[New-born baby]

DMK/Jiesen

As far as I know, Jiesen is the best junkyard dog on this forum (i.e. bottom fisher). On the other hand, there is such a thing as a s~H~s formation with neckline break.


Take a look at this:

[spikefader]

I'm not buyin' that SHS on the Dow New-born. Looks more like an ascending triangle to me. Look at the weekly and it's better looking. Bull is alive and well.

Hey, and how is that fear chart of yours?

[Runner]

COMPQX- Notice the negative divergence in the RSI. I think spotting positive and negative divergences can greatly assist traders and investors!! Just food for thought

[Runner]

ERROR- Not allowed to do this!!!!

[New-born baby]

Fear Chart missing

I'm not buyin' that SHS on the Dow New-born. Looks more like an ascending triangle to me. Look at the weekly and it's better looking. Bull is alive and well.

Hey, and how is that fear chart of yours?

Fear chart: I don't have access to it right now. DUH!
Hey, what about this thought? The largest investors in the market are institutions, correct? And the largest segment within the institutional segment are insurance companies investing premiums.

Now, with Katrina and Rita, do you think that perhaps some insurance companies will be taking money out of the market to cover the claims?

I know that kind of reasoning won't satisfy a good investor like you, so how about a chart?

Here's the monthly on the NAZ. It just had a triple top. Of course, it may make a quad top--I certainly don't know. But my thinking is that we have been range bound for over a year, and sooner or later it is going to break out of the range, one way or another. I personally am bearish--that probably means we ought to be bullish. Those 'canes' have me bearish.

[Runner]

QQQQ

[Runner]

Fear chart: I don't have access to it right now. DUH!
Hey, what about this thought? The largest investors in the market are institutions, correct? And the largest segment within the institutional segment are insurance companies investing premiums.

Now, with Katrina and Rita, do you think that perhaps some insurance companies will be taking money out of the market to cover the claims?

I know that kind of reasoning won't satisfy a good investor like you, so how about a chart?

Here's the monthly on the NAZ. It just had a triple top. Of course, it may make a quad top--I certainly don't know. But my thinking is that we have been range bound for over a year, and sooner or later it is going to break out of the range, one way or another. I personally am bearish--that probably means we ought to be bullish. Those 'canes' have me bearish.

NB, interesting chart you have posted here. It clearly defines that strong resistance.

[Runner]

ERROR- Not allowed to do this!!!!

[dmk112]

Not at all enthusiastic about the market right now...

[dmk112]

Here's one that has been working... I actually posted in back on August 4th but it broke down (so it seemed) and I forgot about it, well it almost doubled!!

[spikefader]

Can't see the divergence dmk...am I missing something? A neg divergence is where the peaks of price trend and peaks of indicator have diverged. Your indicator peaks are falling, as are the price peaks....

[dmk112]

Spike, you're right my lingo is off...what i meant to say is that the peaks are falling which is negative

[dmk112]

Spike, you're not bullish on this market are you??

[Runner]

Not at all enthusiastic about the market right now...

I concur not much to get exited about here. I was thinking the hurricane relief rally would have done better then this.

[Runner]

Sector analysis is telling me some of the current leaders are starting to lose the big MO. The current rally has not followed through with any vigor. I thought for sure the bulls would have come off the sidelines and participated in the rally, thus far this has not happened.

I’m in a cautious state right now as far as going long and will look for shorts in broke down groups that appear to be setting up for a thrust down. Upside volume across the Indices has been real weak, thus indicating that something is in the works. IMO I think we see a retest of 1200 on the S&P and if that cracks I think we will see some MO to the down side..