Rockhead Posted November 27, 2002 Report Posted November 27, 2002 There is a huge expanding triangle in SPX almost fully developed, which is very bearish, I believe. It can resolve itself anywhere from topping here or hitting a new high at the top of the triangle. A new high would probably scare to death the shorts, where like Doc said, the big players can get more heavily shorted. Once that ecpaning triagle completes watch out because the downside is usually fast ad fierce. IMHO comments welcome What time frame chart?
Fartpolio Manager Posted November 27, 2002 Report Posted November 27, 2002 US Dollar sporting a woody here... little economic Viagra...
Drano Posted November 27, 2002 Report Posted November 27, 2002 Won't OEX be whacked even more fiercely than SPX in a sell-off because of its higher percentage of bonkers?
PileDriver Posted November 27, 2002 Report Posted November 27, 2002 Alllll Aboard !!! Woooo, Hoooo! (suuuuckers)
richmtn Posted November 27, 2002 Report Posted November 27, 2002 Just got another big spike in yields. Careful.
fxfox Posted November 27, 2002 Report Posted November 27, 2002 in germany they now offer a new product called "MACD Zertifikat", it purely follows MACD buy and sell signals for the DAX. Thru backtesting they found out that since 1987 you would have had a total return of 611%, i saw a graph and there was no single time period where it underperformed DAX. It sounds not that bad.
Fartpolio Manager Posted November 27, 2002 Report Posted November 27, 2002 They WILL set the hook on these tunas at some point, but they gonna let it run while they dump dump dump...
HardAssets Posted November 27, 2002 Report Posted November 27, 2002 Rock - from the SPX high on 11/21 till now. Can be seen on 10, 15, 30 min... tell me what you think
Drano Posted November 27, 2002 Report Posted November 27, 2002 AssMaster, flat panel monitors are the ONE promising area in techs today -- the only clearly superior hardware that people are going to buy now. Who wants to replace their clunky monitor with another dinosaur when flat-panel prices are becoming so much better, and are such a superior product? And tube monitors do eventually burn out (not so "eventually" either -- seems like sooner rather than later) Flat-panel manufacturers need to do a better job of letting consumers know that energy savings make up for the higher initial price fairly quickly. So hopefully your employment will increase as this one area continues to grow. In the meantime I'll point out that COHR, on several people's lists of things to short, is retreating quite a bit from its days highs. Hmmmm.
DrStool Posted November 27, 2002 Report Posted November 27, 2002 Looks like they are going for option 2.
Rockhead Posted November 27, 2002 Report Posted November 27, 2002 Rock - from the SPX high on 11/21 till now. Can be seen on 10, 15, 30 min... tell me what you think This is what I come up with an expanding triangle. Would like to see this rally peter at the top and then down big time. FWIW...as u note, expanding triangles are inherintely unstable patterns...usually bearish.
Drano Posted November 27, 2002 Report Posted November 27, 2002 Seems NDX isn't as spry as SPX today. Yeah, Naz chart kind of looks like a 1950's buzz-cut haircut. Of course that's wishful thinking.
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