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RE: [RT] 88 Years of DJIA history -- the good and the bad

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 Same story per the method I use. Close below 1453.48 would have triggered a sell and Close above 1458.22 would have confirmed yesterday's buy signal. Instead the market's close between these two levels just caused the trade to close and current status out of the market.

Rakesh

EAdamy <eadamy@xxxxxxxxxxxx> wrote:
SPX daily playing above/below the TL from July 2006 low and the 200 dma on low volume.
 
Corporate credit spreads continuing to widen and High Yield spreads appear to be starting another leg down indicating significant credit risk to markets and continued liquidity issues. 3 month Treasury yields plummeting again.
 
Bond futures just 16+- ticks away from well-tested downtrend line beginning June 2005. Could make it through but probably a fight before it does.
 
JYen futures now retesting the breakout above the downtrend line from January 2005. Yen carry will stay alive if JYen falls back below TL (8600) and wither badly above 9000. 
 
Lots of cross-currents. I am laying low waiting for more clarity.
 
Earl

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ira
Sent: Thursday, August 30, 2007 4:48 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad

Part of the downside action on the S&P and the Dow is a rotation out of financials and consumer staples and moving into the tech sector.  One of the reasons that the Nasdaq has been rising. 
 
The other thing is that the US dollar seems to be stablizing just above my first price objective for the move down at 80.43.  If the dollar can get to 81.10 it has a good chance of going to 81.63.  A rising dollar would increase the carry trade and pressure bonds higher and interest rates lower.
 
Just one man's opinion. 
 
Ira
 
 
----- Original Message -----
From: ben
Sent: Thursday, August 30, 2007 3:01 PM
Subject: RE: [RT] 88 Years of DJIA history -- the good and the bad

So far you have been right Ira
For tomorrow
Sp should  close minus 3.57, 
Max positive intra day positive4.28- positive 8
Max downside minus  6   to minus 8
-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Ira
Sent: Sunday, August 26, 2007 6:19 PM
To: realtraders@yahoogroups.com
Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad
My monthly chart shows downside pressure and divergence at the high.  Even though these are negatives the Weekly and Daily show upside pressure.   the daily chart indicator is over extended which indicates that there should be a couple of days  of horizontal or downside price action. 
Just one man's opinion,
 Ira
----- Original Message -----
From: Clyde Lee
Sent: Sunday, August 26, 2007 1:45 PM
Subject: [RT] 88 Years of DJIA history -- the good and the bad
Just for new readers:
The Tradestation indicator called  The SwingMachine is given
a specification for detection of pivot (turning) points and keeps
tract of all such points (in time and price) for the entire period
of the chart on which it is applied.
Price is kept in terms of percent of current price so that a
proper average/estimate can be made at any point in time
thereafter.
The attached shows to most optimistic and most pessimistic
views that can be accumulated from the 88 years of weekly
data that was analyzed.
Remember this is nothing but a representation of what has
happened in the past.  For those that think the market tends
to repeat patterns of price this is an excellent study.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee                 phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite 105
Houston, TX  77063     fax: 713.783.1092
WebSite:       www.theswingmachine.com
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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