DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 next obstacle on spx is the 5 day cycle MA at 1285. Dow has broken the 8 day heading for res line at 12051 Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 qqqq next resistance 42, with 8 day cycle MA above at 42.08. Link to comment Share on other sites More sharing options...
Bungster Posted March 17, 2008 Report Share Posted March 17, 2008 Watch out when they close the morning gaps! Link to comment Share on other sites More sharing options...
4shzl Posted March 17, 2008 Report Share Posted March 17, 2008 After last Tuesday's a$$blast, there were some folks talking about the boolish implications of a "4 sigma" move up based on historical analysis. Since normal distributions don't apply to fraudex prices, I'm never inclined to trade on forecasts that use this as an assumption. However, I always enjoyed LW's thoughtful reviews of historical market action, and I was reminded of how much I miss his contributions when the following table appeared in Ron Griess's ChartBlog over the weekend. It is reproduced here with permission; once again, I recommend his service to anyone who values an independent view of the price action in a wide array of markets. Link to comment Share on other sites More sharing options...
cwd Posted March 17, 2008 Report Share Posted March 17, 2008 Utter nonsense to be down less than 30 points when you look at the following: http://finance.yahoo.com/advances 652301[/snapback] Did I hear PPT? Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted March 17, 2008 Report Share Posted March 17, 2008 Did I hear PPT? 652329[/snapback] Hank said that the PPT had just met! Todays outcome for the fraudexes has already been written in stone. Link to comment Share on other sites More sharing options...
Lemur Posted March 17, 2008 Report Share Posted March 17, 2008 Did I hear PPT? 652329[/snapback] Such a farce! Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 The bulls will declare victory today, but anything less then across the board gains that take out a key intraday resistance level is meaningless. It's just a show put on for the benefit of the ticket buying public. Link to comment Share on other sites More sharing options...
Jimi Posted March 17, 2008 Report Share Posted March 17, 2008 The bulls will declare victory today, but anything less then across the board gains that take out a key intraday resistance level is meaningless. It's just a show put on for the benefit of the ticket buying public. 652332[/snapback] Well, I for one believe that the show blows and can't wait for the curtain come down on the whole enchilada. Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 OK, this is getting scary. The Dow is challenging the last resistance level at 12054. Anything above that is clear sky to 12,200. Link to comment Share on other sites More sharing options...
crooked_analyst Posted March 17, 2008 Report Share Posted March 17, 2008 On way back from lunch, heard Bloomberg say that Gold, oil, gas, meatlsetc., were all down due to slowdown....so why is everything else up then? Must be nice to be these guys...it's NOT THEIR MONEY. Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2008 Report Share Posted March 17, 2008 3 day cycle buy signals strengthening in all 3 indexes but the spx is just now reaching the 5 day cycle MA at 1284.54. I think this is the real moment of truth. qqqq also key resistance at 42, with the 8 day cycle MA now at 42.07. Screw the Dow. It's all drive for show. Now we put for dough. Link to comment Share on other sites More sharing options...
Bungster Posted March 17, 2008 Report Share Posted March 17, 2008 Pay no attention to the man behind the curtain! Link to comment Share on other sites More sharing options...
crooked_analyst Posted March 17, 2008 Report Share Posted March 17, 2008 OK, this is getting scary. The Dow is challenging the last resistance level at 12054. Anything above that is clear sky to 12,200. 652334[/snapback] Yeah, but could be short lived unless the Fed gives anything less than a full BP cut tomorrow. a .50 cut will likely send the bulls rethinking today's lovefest. Link to comment Share on other sites More sharing options...
Sudaca Posted March 17, 2008 Report Share Posted March 17, 2008 Newsflash: We had a liquidity problem. - source Sec. of Treasury. 652319[/snapback] I shay (burp), i shwear we didn't have a liquibity pwoblem last light Link to comment Share on other sites More sharing options...
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