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Hi Jim,
I like to use Calendar Days instead of Market Days. Its suppose to work the
same. If you're using June 19th as a high then July 10th would give you 21 CD.
The charts below are weekly charts.
I think you had a typo here, from 4/11 to 7/10 is 90 CD.
Sectors to watch for this week:
Recreation
Cosmetics,
fashion,
Leisure,
Soft Drinks.
For a comment on CNBC, those guys will pull anything out of the air to make
things sound good.
Noteing Seasonal Strength???? I guess they forgot about the earnings warnings from
BMCS, CA, CPWR, QCOM losing major contract, many are worried that IBM may issue a
warning, etc.
TradeWell,
Joe Frabosilio
Jpilleafe@xxxxxxx wrote:
> Hello to everyone,...
>
> I am concerned the 07-07 Energy Point will come in as a high,
> ..not convinced that today was a breakout,...suspect it might be
> a "fakeout breakout". Noting that 07-07 is 13 mkt days from
> 06-19 high (was 13 mkt days from 05-31 Key Low). And that
> 07-07 is 90 cal days from 04-11 going back in time,..the 90 cal days
> count marked several key time frames. So perhaps 07-07 is a very
> logical place for a turn of intermediate to longer term importance,..and
> no one seems to be looking for the downside here. CNBC guests,..etc.
> all near term bullish,...noting seasonal strength in first half of July,..etc.
>
> Any thoughts or comments appreciated. Have a good weekend.
>
> Regards, JIM Pilliod
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