Market Watch

[dmk112]

Spike good analysis, here's some shorterm thoughts ont he NAZ. We are at a crossroads and I think if today's low is taken out then we will see 2200... But we are at support and this is where smart money buys... one negative I see on todays bounce is the volume, not too impressive... here's a chart

A follow up on the chart... The train has left the station, the chance was there to get on. I will look for a follow through day tomorrow.

I think analysis shouldn't be done on tails, but rather closing prices. Why make base your analysis on panic selling? Cause that is exactly what a tail is...

[Runner]

Not sure if I posted this long term monthly chart on the Waste Management group. I think something is brewing here!!

WM monthly update

[Lyehopper]

WM monthly update

I'm with you here Runner.... Been watchin' my ECOL dude?.... STRONG!

[Lyehopper]

ECOL breakin' out....

ECOL has a strong report and is up 14% this morning.... This thing's on fire.

[Runner]

WM monthly update

Waste Management update:

Looks like monthly chart has flagged a reversal
Weekly chart reversal w/possible retest @ 23.6% retrace line.
Daily flags possible double top with move out to the downside.

Caution is needed in the waste management sector and caution flag for longs.

[Runner]

This list shows a 26-week Fib/retrace on the stocks in waste management. Numbers to the far right is the percentage of the retracement.

[Runner]

Q's very well may now be in trouble!!

[Runner]

My slop chart of the Q's
Oh I should mention I’m not concerned about any pattern being a textbook picture perfect set-up…

Major area here!!

[Runner]

We do get it right every once in a while

[Runner]

Bull’s better step up to the plate here. If (big question) the S&P current support does not hold I see a retrace back to the 1166 area. What I did not like about last rally was it mainly consisted of commodities. Technology was not participating as you can see in the NASDAQ. Today’s retest of support is key area to watch. If the market drops any from today’s lows I’d think the possibility of another leg out is possible.

daily S&P500

[spikefader]

I'm a bull stepping up to the plate and calling a major bottom, conditional on today's lows holding. This may prove to be one of those exceptional long-term buying opportunities.

http://spikefader.blogspot.com/2006/05/vixqqqq-bias-system.html

[spikefader]

Oh, and I should add that if the lows of today do NOT hold, it's run fer the hills the sky is falling jeje

http://ymfutures.blogspot.com/2006/05/vector-bullish-at-close.html

[DSteckler]

I'm a bull stepping up to the plate and calling a major bottom, conditional on today's lows holding.

So the market's going up unless it goes down....<VBG>

[spikefader]

So the market's going up unless it goes down....<VBG>

Unless it goes sidways...

[skiracer]

I'm a bull stepping up to the plate and calling a major bottom, conditional on today's lows holding. This may prove to be one of those exceptional long-term buying opportunities.

http://spikefader.blogspot.com/2006/...as-system.html

I have to agree with Spike. I'm a bull but as I stated in several earlier posts we were in need of a healthy consolidation after 3/4 weeks of successive gains to pretty high levels in all of the indexes. We got a decent pullback and now the markets have to work off some of the excess overhead of stock left from this pullback. This should be a great opportunity for some decent buys of great stocks that have fallen considerably in this recent drop. Once that excess overhead is worked off we could get a nice spike. And Dave, of course there is always two sides to every story. In this case three. It could go farther down, or rangebound sideways, or up from here.