|
PureBytes Links
Trading Reference Links
|
----------
> From: G.John Boggio <boggio@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: MKT - S&P 500 MOTW 1/21/98
> Date: Thursday, January 22, 1998 12:40 AM
>
> Realtraders,
>
> I am thinking about something new for Relatreaders...hear me out.
>
> In an attempt to utilize the vast wealth of knowledge of our members, I
> thought I would present an opportunity in which we could invoke, as a
> group, a topic of analysis relating to a market or security that would
> last for several days. This "Market of the Week (MOTW)" security (for
lack
> of a better name) will include major market averages, commodities and
> individual stock securities (including sector analysis), thus providing
an
> 'interest' to the vast array of members that we have on our forum.
>
> Simply, my intentions are generate a thorough and comprehensive
> interpretation for this "Market of the Week" security. Your analysis can
> be either short or long-term in nature, or both. As an example, if
someone
> has an Energy Point EP that is 3 days away, 3 weeks away or even 3 months
> away and you want to share it, be my guest. Your information, I am sure
> will be useful to someone. However, I do want to say this: I am looking
> to achieve an atmosphere in which the analysis and dialogue is greater
> than, "I think it is going up" or "I agree". Therefore, as a continuing
> example, if you say that you have an EP for this market on a particular
> date, please include some of the relevant information that was used to
> generate your date, such as which pivot points did you use or which
> multiplier was used, etc.
> For those who want to include a chart or graph, please try to save it as
a
> .gif file. Usually, this will shrink your file down to 10 to 15k in size
> and will not inundate other member with long downloads.
>
>
> Therefore, without further delay, this weeks MOTW security is the S&P
500
> Cash Index or for you commodity traders the S&P March contract.
>
> Attached is a 60 min chart of the S&P 500 Cash Index dating back to the
> October highs.
>
> What I would like to point out is the overhead resistance that we are
now
> experiencing. Take a look at the downtrend line which connects the
> previous highs. As you can see, yesterdays (1/20/98) high bumped us up
to
> that line and we have since rolled over. When you combine this
resistance
> level with the over bought nature of the stochastics oscillator, it
> suggests that this pullback should have been expected.
>
> Further, notice the dark red lines on the chart, these represent
> symmetrical waves that I have been following based on this current rally.
> The first line (the one dating in December) represents wave 1-2. The
> second line Wave 3-4 (January) measures the same length as the first line
> and as you can see, indicates that the current rally has symmetrically
> matched Wave 1-2 further giving confluence to the resistance level
> mentioned above.
>
> Finally, on a short term basis, my analysis indicates that we are in a
> very large trading range and should be traded accordingly. However, as I
> mentioned in past posts, we STILL have a downward bias on this market
based
> on Symmetry Wave Analysis (my favorite, for more information on symmetry,
> see below). So, how do I play this, I am looking for support down to the
> 940-950 level at which point we should stabilize and possible make a new
> attempt to rally to the old highs. If we should decline greater than
940,
> more caution should be taken and I will need to reevaluate at that time.
>
> Hopefully this MOTW idea sounds good to our members and I am looking
> forward to seeing insightful analysis/interpretation on these securities.
>
> Thanks you,
> John Boggio - RT Moderator
>
>
> For recent commentary and more informations regarding SymWave, please go
to:
>
> Commentary: http://www.realtraders.com/boggio/disc7_toc.htm
> Info regarding SymWave: http://www.realtraders.com/boggio/boggiobio.htm
>
> Thank you.
John,
I concur with your analysis of the S&P, and I believe your proposal has a
lot of merit.
I know you don't tout the in house products, but did you get a hot EP on
the 1/21 high using Nature's Pulse. Also, I'm anxious to get may hands on
the Pattern Smasher. What are Eddie's current projections based on todays
close.
In a similar vein, I'd like to get a thread going on the Asian Flu. The
impact on our markets has yet to be felt. Any company having ties in SE
Asia is suffering. We are just beginning to see the 4th quarter results
and the pictures are dirty. Where can realtraders find sanctuary or get
immunized? How long is the debacle over there going to last? What's the
technical analysis picture? Where are the projected bottoms? How's the
best way to trade this?
There are profitible opportunities here. Lets find em. This should be an
international effort. Let's hear it from the guys in Hong Kong etc.
I'm paying very close attention the semiconductor index.
Jack Hutchison
|