Tweet
TGT hit on COMPQ 2129.
-
-
The following are now below the 50dma:
$OEX $RUA $RUI $RUT $SML $SPX $WLSHComment
-
Warning Will Robinson!
Runner,Originally posted by Runner
I had two, count 'em, two, professional traders warn me today to stand back away from the markets at this time. They said that this non-trending market is due for a very strong pullback.
Here's one:
The other one can be read on Hot Pick of the Day.Comment
-
NB, I plot 2nd degree tgt on COMPQ as 2073. I find it hard to believe but we shall see. I'm in cash except for one position and will only D/T with only a prime set up. Zero trades for me today..Comment
-
NB...Do you know Shay?
Interesting guy...Used to be on one of my chats...Doug(IIC)"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On TwitterComment
-
Naw
Unfortunately, I do not. But I often check out what is happening on Mr. Swing, and Shay occasionally writes an article, as he did today, and I think the guy is pretty good. They call him "The Shogun Trader." Sometimes also he puts on an interactive presentation about how he daytrades. That's how I know him.Originally posted by IICComment
-
Daytrading
Runner,Originally posted by Runner
The gas price is choking the economy. People only have so much money--imagine a pie. If the cost of gas grows, people must give gas a bigger piece of the pie. The people will have to adjust by cutting down the piece of the pie they had designated for other types of spending. Well with everybody having to pay more for gasoline, every person in the USA will have to cut down on every other person in the USA, i.e. I mean, INFLATION. Everyone will have to charge more for his services in order to cover the cost of gasoline, and that means inflation. Sluggish economy. Drop in consumer spending. And inflation also means a lower market.Comment
-
Thursday's Call
The Elliottician says a drop is coming. They put their money on it.
Comment
-
StockTiming.Com
Stocktiming.Com has issued the following forecast for the market. I think it is very well worth your reading.
, August 30th. - Charts, and Commentary
__________________________________________________ ______
Yesterday, I promised that we would explore the 10 year chart of the Dow Jones Industrial Average (DJI) and
discuss what it is suggesting as possibilities for the rest of the year and beyond. Below is that technical analysis ...
Below is a long term chart of the Dow Jones Industrial Average going back to 1995 in order to get
the "big picture" first and under that chart, a close up view going back to 2003.
In the first chart below ... note that besides the price, there are 3 sets of important support/resistance lines.
The first, the blue dotted line is a Major Support line for the DJI going back 10 years to 1995. The second, is
the red dotted line which is the current Bull Market major support line going back to 2003. And last, there is
a Wedge Formation in dark red lines.
The first important occurrence on the chart was when the DJI broke its Wedge's bottom support line in April.
From that time on, the bottom dark red line became resistance for the DJI ... and try as it may, it never broke
was able to break through that resistance to the upside.
The second important aspect is the red dotted support line below. It marked the DJI's support back to
May 2003. Note the blue arrows where the DJI was able to successfully bounce off of it and rally back up.
We are now coming to the critical moment, where within the next 8 weeks, that we will re-test this support
and there is a very high probability that it will Fail to the downside.
*** (Tomorrow, in part two of this discussion, I will tell you WHY this is very likely to happen.)
The third important aspect to focus on, is what is likely to happen if we break this support level.
The answer is that the DJI will then be subject to falling back to its blue dotted support line. The time
frame that it may take to do so could be within 6 to 9 months to finally reach that level.
Where would the DJI be then if it went down to that support level? The answer is approximately a
DJI of 8800 to 9000 which is a substantial drop from where we are now.
The economy is great you might say ... and it is just not possible. But, tomorrow ... when you hear part 2
of this discussion, you will understand why it is very probable, who will be causing the problem for this to
happen, and when the first trigger date is for it to be set into play. There is only one entity that we know
of that it trying to stop what is about to happen right now. When you read part 2 tomorrow, you will be
upset with the government, politicians, and the press for hiding the true economic and financial ramifications
of this coming event.Last edited by New-born baby; 08-30-2005, 05:11 PM.Comment
-
And that entity...The Government...As far as I'm concerned, the Government has the biggest influence on the direction of the overall markets...Hands Down...Doug(IIC)
Originally posted by New-born babyStocktiming.Com has issued the following forecast for the market. I think it is very well worth your reading.
, August 30th. - Charts, and Commentary
__________________________________________________ ______
Yesterday, I promised that we would explore the 10 year chart of the Dow Jones Industrial Average (DJI) and
discuss what it is suggesting as possibilities for the rest of the year and beyond. Below is that technical analysis ...
Below is a long term chart of the Dow Jones Industrial Average going back to 1995 in order to get
the "big picture" first and under that chart, a close up view going back to 2003.
In the first chart below ... note that besides the price, there are 3 sets of important support/resistance lines.
The first, the blue dotted line is a Major Support line for the DJI going back 10 years to 1995. The second, is
the red dotted line which is the current Bull Market major support line going back to 2003. And last, there is
a Wedge Formation in dark red lines.
The first important occurrence on the chart was when the DJI broke its Wedge's bottom support line in April.
From that time on, the bottom dark red line became resistance for the DJI ... and try as it may, it never broke
was able to break through that resistance to the upside.
The second important aspect is the red dotted support line below. It marked the DJI's support back to
May 2003. Note the blue arrows where the DJI was able to successfully bounce off of it and rally back up.
We are now coming to the critical moment, where within the next 8 weeks, that we will re-test this support
and there is a very high probability that it will Fail to the downside.
*** (Tomorrow, in part two of this discussion, I will tell you WHY this is very likely to happen.)
The third important aspect to focus on, is what is likely to happen if we break this support level.
The answer is that the DJI will then be subject to falling back to its blue dotted support line. The time
frame that it may take to do so could be within 6 to 9 months to finally reach that level.
Where would the DJI be then if it went down to that support level? The answer is approximately a
DJI of 8800 to 9000 which is a substantial drop from where we are now.
The economy is great you might say ... and it is just not possible. But, tomorrow ... when you hear part 2
of this discussion, you will understand why it is very probable, who will be causing the problem for this to
happen, and when the first trigger date is for it to be set into play. There is only one entity that we know
of that it trying to stop what is about to happen right now. When you read part 2 tomorrow, you will be
upset with the government, politicians, and the press for hiding the true economic and financial ramifications
of this coming event."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On TwitterComment
-
-
WE have a nice bounce going here... I would post some charts but I am really busy. Need another reason why you should buy? Kramer said to sell!! LOLComment
-
BUY BUY BUY!!!Originally posted by dmk112Comment
-
S&P500
Comment
Comment