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Futurecurrents, your edit came in too late I suppose ... I have no interest in proceeding with such a ridiculous discussion ....

Futurecurrents, Once again, I ask u to calm down ... and stop jumping into conclusions ... and pre-assuming that no one's doing their work properly ... and that "serious technical analysis" rubbish you mentioned in your last message ... rest assured that I do know what the modern age is all...

Futurecurrents, I got a better idea for you .. go to http://www.stockcharts.com/ ... type "$COMPQ" in the ticker box ... make it a 3-year log chart ... get a pencil or a sheet of paper and place it on the 2000 peak passing downward across the July peak of the same year .. project to the right...

Futurecurrents, thanks, I did say why markets should resume lower :) I basically use the most simple techniques to determine that ... 1) Trendlines : If you draw a negative trendline coming down from the all time high of the composite at 5132.50 in March '00, through the August high of...

futurecurrents, now let's get back to all my recent posts on this thread, and re-capture the whole picture : 1) I stated that the DOW and S&P 500 have both formed a "Hammer", so as far as candlesticks are concerned, the market should start the week with a rally. 2) I stated that the...

futurecurrents, this is the type of posts I would call a lesson in technical analysis in reply to your "CNBC & Gurus" post ... but before I do, I'd like to clarify that I'm not a guru, I'm simply a true lover of the art of technical analysis .. please read the following part, from one of my...

futurecurrents :) You made me laugh hysterically .... actually I posted my previous message at the same time you posted yours ... so maybe it'll make you change your mind ... a bit ? :) and my next one, will impress u you even more ... just give me a few minutes ...

As far as technical analysis is concerned, this a breakaway gap on the composite ... and could have very bullish implications on this week's performance ...

Earlier, I clarified the difference between favoring a rally to short the market, and favoring a rally that would reverse the current bear trend ... and I clearly stated that my understanding of everyone who has posted on this thread, was that they were all favoring a intra-week rally, after...

dotslashfuture ... Agreed ! :)

Just for clarification purposes, when we talk about a rebound, or an intra-week rally, this has nothing to do with trend reversal, going long, or buying the market .... on the contrary, it has everything to do with taking advantage of this opportunity and shorting the market ...

Lescor, it does look like a H&S to me. However, I would draw my neckline from your left shoulder moving up to the '01 low at 1,100. This way, the break would have occured on a Bearish Gap, followed by a Traders' Remorse back to the neckline, and now resuming down.

RunningBear, E*X*C*E*L*L*E*N*T post I should say. First of all, I like it when people do their own analysis. Second, I admire it when they share it with the rest. Now I know where you're coming from, and I can't disagree, and I don't think anyone would, bearing in mind that the trend is...

Seanote, But don't u consider the 9,500 as a critical support level for the DOW ? And how about the September low near 1,400 for the composite ?

DOW breaks 9,500 goes sharply lower ... NASDAQ and S&P both follow suit ... and now all rebound ... is this an end-of-week reaction ... or are we finally reversing course ?

RunningBear, Just out of curiosity, which tool did u use to project that low on that date ?

Another thing is that when the Fed sells GOVERNMENT securities, it absorbs money that could have otherwise been invested in the stock market smart a$$ !

darkhorse, can't u explain that in a more decent way ? I was just quoting from another thread, so I basically didn't think anything ... geez, some people do have animal attitude .. no wonder you're a DARKHORSE !

yes, I think it said they deal in securities in the secondary market. And I just read on another thread, that today for instance, the Fed is expected to be selling securities worth $16.5 Bil. Securities they had bought 3 days ago and again yesterday. NO WONDER the market pushed up yesterday, and...

The last thing I heard about the crash :) is that the fed has a special fund, now ready to interfere if markets ever fall below last year's lows. The first time I read this statement I smiled (sarcastically), and then later on I went to the Federal Reserve Bank of NY's website, and came out...