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SPX just bounced off the 40 Day MA earlier today.

Bob, atleast she didn't sit there as stoic as Cheney. That guy showed absolutely ZERO emotion whatsoever. Downright scarey, if you ask me.

Agreed. It's the only thing that is of Value here. Otherwise, the quality of content on this website is a joke. :)

You obviously are not a very good listener . . . "As I look at Iraq, I recall the words of former general and soon-to-be President Dwight Eisenhower during the dark days of the Korean War, which had fallen into a bloody stalemate. "When comes the end?" asked the General who had commanded our...

For one thing, I do not use Elliott Wave in and of itself. Secondly, I have a much better understanding of it then most amateurs that simply subscribe to the Prechter's of the World and yet have no idea or understanding of how the wave counts work. I make money with it. Thought I would...

Gave a pretty eloquent response to the President's "State of The Union Address" last night . . . http://www.webbforsenate.com/biography/index.php Great bio of military service by his entire family, including his Dad that was an Air Force cargo plane pilot in WW-2, and Webb himself...

That's funny. He sounded like he was attending a FUNERAL. I guess you missed Condi sitting there all dressed up in pure BLACK, and looking so glum as if someone had just driven over her puppy! Bush has a ton of credibility when it comes to talking about fiscal restraint and balancing the...

Once again, it is quite obvious that you have NO IDEA what you are doing . . . At this point, I doubt you even trade. But as I have said on many occassions before . . . Thanks for the ENTERTAINMENT!!! Nasdaq: +1.4% :D

Yesterday’s action reversed Monday’s downward pattern. The close above the 1426.40 level at 1427.99 suggests that the market has begun the 5 to 8 day advance as I discussed on another thread in which the market completed the second part of the "5-3-5" sequence ( that being the "3" days down...

As Trader Victor Sperandeo once said . . . "Observe what is happening, and assume that it will continue." Yet, there appears a ton of people that frequent this website that are unable to follow this simple, yet most effective axiom.

Yesterday’s action reversed Monday’s downward pattern. The close above the 1426.40 level at 1427.99 suggests that the market has begun the 5 to 8 day advance, as I mentioned the other day in explaining the "5-3-5" pattern where the "3" portion of the sequence was expected to be completed...

Duh..... Goldman Sachs upgrading the sector.

Stock down into support and this is the first day up off the base. 2008 EPS estimates by Wedbush out today too.

Market is starting to gain momentum to the upside after the completion of the 3 day pullback in the "5-3-5" sequence. Now look for 5-8 days up from here. The low is in for the next advance to the 1455 area. Should be a straight shot until 1444 before any kind of substantial resistance is...

Nice call on the Sector, but stupid public policy. Once again, using taxpayer dollars to subsidize an industry. Whatever happened to a Republican that embraces FREE MARKETS? Bush will do down as the DUMBEST American President ever.

Yes, I understand. 1418 would be a 50% retracement of the most recent rally off the January lows to the highs of early last week.

Off the Jan. 10th low, you can see 5 days to the upside, and then a 3 day pullback. Today is Day #3 of that 3 day pullback.

My technical work says that the 1422.60 level is a CRITICAL level that the market must close ABOVE in order for the bull case to continue to be valid. It appears that the first two patterns of a "5-3-5" sequence are being completed today. New targets of 1455.15 / 1457.50 in the SPX are in...

SPX has KEY support at 1422.60 As long as the market closes above that level, I am looking for the first two parts of a "5-3-5" sequence to be completed today. New target suggests 1455.15 / 1457.50 A close back above 1435.70 will confirm this next sequence with initial targets of...

Yes, we need people like "Blue" because they are some of the greatest CONTRARY indicators of All-Time! :D