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We just took out the June highs in the Dollar Index. So please feel free to offer where the dollar is "hitting resistance everywhere" . . .

Today marked the US Dollar's biggest one-day advance on a trade-weighted basis in over five years.- here is a bloomberg headline: -Euro Falls the Most in 8 Years on Reduced Bets for Higher Rate -

Mup, looks like after a complex 3 to the downside, that the OIH did a Wave (4) three day bounce up into 191.50 and the 10 day MA before getting shredded again today in what looks to be Wave 5 to the downside. Wave 1 was obviously HUGE ( 24.26 points!) .618 of Wave 1 = 15.00 points...

You're kidding, right? Is that why the Dollar rallied 3% this week? Because it was an Olympic rally? LOL. :D

It's not an opinion. It's a FACT based on reported earnings and accounting numbers. How are you not aware of this?

Quite simple. The Cash SPX is absolute. Much easier to chart over multi-month time frames rather than a futures contract which is subjected to declining premium over time and expiration every 3 months.

SPX only.

This is pretty funny! Especially coming from the biggest "Gloom & Doomer" and contrary indicator on ET. :D

And it worked again. Too bad you are unable to understand that . . . Just like the previous 61.8% retracement down to 1235 SPX on July 28th before we blasted off. Or the call that I made back on July 31st for a "measured-move" rally up above 1300...

My post of yesterday. http://www.elitetrader.com/vb/showthread.php?s=&threadid=133535&perpage=6&pagenumber=1 Retracements and patterns were completed at approximately 1264 SPX. Obviously, the Dollar rally and Crude oil decline facilitated the intensity of the advance.

Incorrect. TSO is one of the worst refiners out there. They lose money while VLO does not. In Q2, they had an after tax hedging loss of $81 million. In fact, TSO is on its way to losing close to .70 cents a share this year. VLO leads them in almost every single metric across the board.

I guess you haven't recognized the fact that the market ROTATES from one group to another . . . Not necessarily a sign of "weakness" as you have implied with the financials. Simply a broadening-out of the leadership to other groups as the market heads higher. ie.) Aerospace and Defense was...

You took the words right out of my mouth.

They just cracked it down off of the highs at 34.94 Yesterday's high was 34.70 Can they close it above yesterday's high? 34.61 last with 5 minutes to go.

Key support level at $113.50 basis Sept. The "talking-heads" on TV will tell you $110.00, but that isn't the next level that is significant.

NDX now at 1925. QID now at 40.25 Are you still alive? You haven't been posting today? You ok?

A solid day for VLO so far. A close above 35.27 would be most constructive and show signs the stock has bottomed. SUN is the leader in the group. No more maintenance scheduled for the rest of 2008. Stock trading comfortably above all significant daily MA's.

Try taking a look at the multi-month "double-top" in the FXE ( euro ).

So far so good . . . Looks like a 1, 2, (1), (2), i, ii, and then SCREAMER!!! :D

LMT +1.71 LLL: +1.74 GD: +1.98 RTN: +.90 And the beat goes on!!!