----- Original Message -----
Sent: Thursday, September 29, 2005 8:17
AM
Subject: Re: [RT] Nyse Daily
NYSE 7700 on Sep 30
NDX 1629 on Sep 30
SPX 1264 on Sep 30
From appearance of price relative to MOB I would rate all of these as
very low probability. Attached is GIF of my NYSE breadth models which do not
show the bullish divergences I want to see to support a strong rally.
In my playbook, I have been shorting ES since July 28 ... putting
limit orders to sell in at 127% and 162% retracements of declines (rally
targets) and taking profits on declines. Topping process can go on for
months so I have not wanted to hold shorts on long term basis. I am now
starting to work on a longer term short position and am currently lightly
short ES mini and watching for opportunities to add to position on rally -or-
break of support.
Earl
----- Original Message -----
Sent: Wednesday, September 28, 2005
10:40 PM
Subject: Re: [RT] Nyse Daily
where is the mob in price and
time?
Ben
----- Original Message -----
Sent: Wednesday, September 28, 2005
8:06 PM
Subject: [RT] Nyse Daily
Attached is daily chart of NYSE, which has been considerably stronger
than the NASDAQ, in what looks to me like a terminal rising wedge. The
blue line (very roughly) looks like it has taken enough "hits" to begin
failing. The charts don't have quite the same look as they had in
late 1999 and early 2000 but the trading feel is quite similar.
Overall, not much in inter-market relationships to
equities which I like and the fact that both the dollar and gold are
rallying suggests something in that particular relationship is going to
break.
Earl
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