Guest bullseatshitndie Posted July 20, 2004 Report Share Posted July 20, 2004 goldman crap put out bullish report end of last week 10:23AM AIG completes 'head-and-shoulders', breaks uptrend line (AIG) by Tomi Kilgore NEW YORK (CBS.MW) -- Shares of insurer AIG (AIG) were down $1.37, or 2 percent, at $67.43, completing a "head-and-shoulders" reversal pattern and breaking below a weekly trendline in the process. The two "shoulders" are the mid-February high of $75.66 and the June 7 high of $74.98, the top of the "head" is the April 13 high of $77.36 and the "neckline" equates to the March 24 and May 10 lows of about $68.70. The pattern isn't technically completed until the stock closes below the "neckline." The weekly trendline connects the mid-March low of $42.92, the mid- to late-November lows of $56.16 and $56.85 and last week's low of $69. There should be support at the late-July highs just above $65 at the bottom of the Dec. 15 and Dec. 12 gaps between $61.41 and $59.64. In addition, the "measured move" calculation of the "head-and-shoulders" targets about $60. Close resistance should now be at the neckline $68.70, followed by the July 13 high of $71.49. Link to comment Share on other sites More sharing options...
wndysrf Posted July 20, 2004 Report Share Posted July 20, 2004 XAU now bonering after The Matrix gives gold a $5 haircut. Eff the Matrix. I'm now long GG with jickiss at $11.60 OSX also a buying opportunity on this dip. CFC, FRE, NCEN, LEND are finally giving some back. Good risk reward on the short side, after 5 consecutive days of non-stop Bonering on this sector. Hey Ag: Check out this Goalposter: Link to comment Share on other sites More sharing options...
Lock Limit Down Posted July 20, 2004 Report Share Posted July 20, 2004 SOX launching Matrix in the house Link to comment Share on other sites More sharing options...
Guest Posted July 20, 2004 Report Share Posted July 20, 2004 RE giving it up big. Link to comment Share on other sites More sharing options...
Sudaca Posted July 20, 2004 Report Share Posted July 20, 2004 Glad -- today is the 35th anniversary of the first moon walk. Apollo 11, Neil Armstrong / Buzz Aldrin / Michael Collins, 20 July 1969. And we're also approaching the 20th anniversary of the other Moonwalk: Link to comment Share on other sites More sharing options...
Lock Limit Down Posted July 20, 2004 Report Share Posted July 20, 2004 Gold under 400 Solid bid under the spoos Script is becoming to easy to read. Failure is imminent Link to comment Share on other sites More sharing options...
wndysrf Posted July 20, 2004 Report Share Posted July 20, 2004 SOX launchingMatrix in the house SOX ain't doing anything but a mild semi-boner. At best, it goes back up to fill the gap. No volume in the SOX today. Link to comment Share on other sites More sharing options...
Guest Posted July 20, 2004 Report Share Posted July 20, 2004 On yesterday's down day, the average trade size on the DIA was over 1,100. Today, the DIA are trading up on an average trade size of 621. No committed buys just committed sellers is my conclusion. Link to comment Share on other sites More sharing options...
Sudaca Posted July 20, 2004 Report Share Posted July 20, 2004 I'm seeing some deckchair rotation back into tech junk today, a split from the pattern we've been seeing all month. Breadth is positive today in the Naz, and upside volume is 70% of total. We may get a small bounce here, but of dubious quality. Link to comment Share on other sites More sharing options...
wndysrf Posted July 20, 2004 Report Share Posted July 20, 2004 Gold under 400 Solid bid under the spoos Script is becoming to easy to read. Failure is imminent XAU not buying the gold slap this time. Its obviously getting blatant to all participants. I bet the gold contract V-Bottoms out of here and the dollar crashes when Al Green updates us on the status of the FOMC HedgeFund. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted July 20, 2004 Report Share Posted July 20, 2004 SO DO I Wndy And no the sox.x isnt going anywhere... but the matrix wont either Link to comment Share on other sites More sharing options...
wndysrf Posted July 20, 2004 Report Share Posted July 20, 2004 11:23 Aug crude up 41 cents at $42.05/brl in New York Link to comment Share on other sites More sharing options...
GregFokker Posted July 20, 2004 Report Share Posted July 20, 2004 11:23am AUG CRUDE TOPS $42 FOR FIRST TIME SINCE JUNE 1 Link to comment Share on other sites More sharing options...
Lock Limit Down Posted July 20, 2004 Report Share Posted July 20, 2004 OIL OVER 42 AGAIN IGNORE THAT DIPPERS Link to comment Share on other sites More sharing options...
Guest Posted July 20, 2004 Report Share Posted July 20, 2004 This market is so weak that it can't even get a good boner for the greatest and biggest central planner and ponzi scheme operator in the history of man. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.