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There is a lot of confusion about; "Is the Dow in a bull market or bear market and is it going up or going down?" Going up does not denote a bull market and vice versa however when we get one action at the BOTTOM of a bear market and the OPPOSITE at the TOP of the bull market then something...

Note where in each case the resistance and support is spot on the Fibonacci Spiral. Yesterday the retrace was completed (from the 7th (tragedy low) to the strong climb which accompanied the Euros. The next major Fib point is the 61.8% of altime high to the Oct low which is 1253. I have a time...

This was part I of a supporting case I made for a slight high upto the 1253 Fib 61.8 strong resistance. On the 15th July.

Good morning. US events for Thursday 21st July 2005 Events: US - Jobless Claims (wk7/16, 2005) 8:30 AM wk7/16, 2005 New Claims Level 325.00K US - Leading Indicators (Jun, 2005) 10:00 AM Jun, 2005 Leading Indicators M/M change 0.50% US - Philadelphia Fed Survey (Jul, 2005) 12:00 PM Jul...

Good hunting chap I shorted GOOG at 309.0 yesterday and got out at 304.27 today. Beauty. Don't believe the hype.

You know, what people say about you is what theyre really saying about themselves.... Are you a stubborn Ess.... :D

Are you a stubborn Ess Oh! Bee ? Do you use logic and suddenly change your position based purely on evidence? Are you a pigheaded position trader who ignores the noise of the media, chat rooms sky-falling chickens? ....why...you probably make money don't ya ? :p

ss SPX at 1234. Head on the block time. I am taking any top (in a sequnce that counts as a top of any degree!) and counting as THE top and placing stops just above each one with 7% cap placement as a start.

A simple up down up sequence here would be nice over the next few days into the turn window of the 27th to 1253... not too much to ask is it... :)

The background can also be the platform for a bull market. Try not to get too ensconsed in the fundamental view. The sam background existed in 1974 and the Dow took off in earnest in 1982 when mutual funds had their biggest withdrawals (since the 1925 inception). The difference is the prevailing...

...and mine isnt ?.......:( (diary note; must practise pithy come-backs) hehe

Advances 1635 (49%) Declines 1493 (44%) Up Vol* 488 (45%) Down Vol* 575 (53%) That was the scene whe the DJIND was -36 so corrective pattern up was looking fairly good for this type of straddle play. Am out at 50 although I'd say we'll see a break of the 10660 mark this week.

I have posted a few charts at T2W site which I ma satisfied are good as far as my outlook goes. The current divergence of patterns (SPX higher counter-trend bounce whereas the DJIND is a lower high) is a very bearish signal in my view.

Sure erm Rubber person...you bend and I'll be rigid ok. I am still short the SPX at 1225 (3% of account) and currently just gone long DJIND at 16 set a sell at 50 (cfd)

If my counts are correct this current upward correction is going to end next week. The 27th is a good Fibonacci cycle number although this is a all-inclusive (I don't think the weekends mean people take time out from their emotions). At 1253 the SPX would claw out 61.8% of the Altime high to Oct...