bull market has resumed

Quote from gharghur2:

Nitro,

I didn't say I was right ... I wasn't, and was the first to admit it!

When I look for a bottom in a market, I may miss the first time or even the second time. Being wrong is just being early. And, if I get out with little damage all the better.

I'm long here too! Added on early today, and at the close.
Catching major turns is what I do best. Good luck 2 us both!
More...
Ok,

I think you should continue posting the wave counts, etc. I am really interested in following it, for better or worse.

nitro
 
Quote from gharghur2:

Nitro,

I didn't say I was right ... I wasn't, and was the first to admit it!

When I look for a bottom in a market, I may miss the first time or even the second time. Being wrong is just being early. And, if I get out with little damage all the better.

I'm long here too! Added on early today, and at the close.
Catching major turns is what I do best. Good luck 2 us both!
More...

===============
Oil/gas sector still looks strong;
maybe Yom Kipper covering will help DOW /DIA make what you called ''all time highs''
Art Cashin noted possibility of DOW slipping below 10k.

However Art Cashin wasnt making a prediction;
IPO market weakness , like RFX alleged fraud perhaps may help established stocks with brand name track records.

Semisector group made a a higher high on better than average voulme;
agree with you that bottom is an area more than an exact point.
:cool:

And OCT tek does tend to to make nice uptrends;
sometimes because it gets so low.
 
Quote from murray t turtle:

===============
Oil/gas sector still looks strong;
maybe Yom Kipper covering will help DOW /DIA make what you called ''all time highs''
Art Cashin noted possibility of DOW slipping below 10k.

However Art Cashin wasnt making a prediction;
IPO market weakness , like RFX alleged fraud perhaps may help established stocks with brand name track records.

Semisector group made a a higher high on better than average voulme;
agree with you that bottom is an area more than an exact point.
:cool:

And OCT tek does tend to to make nice uptrends;
sometimes because it gets so low.
More...

Hi!

Yes, been watching the SOX index. It took the Naz down yesterday but actually tried to rally today. All my technicals are aligned: markets the most oversold it's been all year. If this was a bear market we could stay oversold, but still feel it isn't. Relative VIX going through the roof, major bearishness out there. Art Cashin too? Any serious bounce could turn into a stampede.
When is Kipper anyways?
 
Quote from Apex Capital:

Tony,

I have 1172.65 as a key PIVOT tomorrow in SPX.
Gotta stay above that level, or else the downtrend extends itself in duration and price.
More...

Mike,

The low today was 1172.65!
Not much room for error?
 
I've been using COMPX 2040 and S&P 1280 - 1284 as key pivots points. Yesterday the Naz dropped 15 points below and then rallied over. The gap up opening today should get the S&P over it's range too. Once cleared the decline 'should' have a bottom in place.
 
Today is the first day in 10 days since the October 3rd peak in the SPX that we are making a higher daily high.

We have also been trading above todays ES Daily Pivot at:

1178.10
 
And the COMPX is doing very well over EW pivot 2040!

Would like to see a successful retest of today's lows, shortly

Hey, and call your OIL buddy's into the S&P pit ... it might be time
 
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