bull market has resumed

If we need a cataylst to keep this move going, I think we will get one, or two, or three next week:

SAN FRANCISCO (Dow Jones) -- They may be relatively young companies, but they're cash-generating machines.

Yahoo (YHOO) starts the third-quarter parade by releasing results Tuesday, after the markets close. Yahoo is expected to earn 14 cents a share in the September quarter, up 51% from a year ago, on sales of $918 million, up 41% from a year ago.

Online auctioneer eBay (EBAY) is set to report its third consecutive quarter of sales topping $1 billion. The company reports on Wednesday, after the close. Analysts expect eBay to earn 20 cents a share, up 40% from the comparable period a year ago, on sales of $1.07 billion, up 34% from last year.

Google (GOOG) is on tap to report third-quarter results on Thursday. The search engine is expected to earn $1.37 a share, up 95%, on sales of $942 million, up 87% in the third quarter. The search giant does not share its outlook for the upcoming quarters or the year, but analysts expect Google to earn $5.63 a share on sales of $3.79 billion. Additionally, Google plans on reporting a non-GAAP number for the first time -- a move that might be confusing to some investors.

Seems to me, after Katrina more people started staying home and on the internet?
 
Quote from gharghur2:

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.
More...

The markets did just that!
Now let's see if we get any acceleration to the upside on monday. If not, this may only be a bounce!
 
That's like saying the market is either up or down ...

Quote from gharghur2:
Now let's see if we get any acceleration to the upside on monday. If not, this may only be a bounce!
More...
 
Is the Wave ii correction in all three indices over? Monday or tuesday's action will tell.

This bull market has experienced four significant impulse waves: Oct. 2002, Mar. 2003, Aug. 2004 and Apr. 2005. Let's examine them in both the COMPX and INX:
In the COMPX; the first three experienced a gap - up opening, (which was not sold off), within the first three days, the April one did not. The minimum three day range: actual print intraday low to intraday high was 73 points. In the INX (S&P's); the minimum three day range was 27 points. Each of the four impulse waves have become progressively weaker in terms of explosiveness coming off the lows. Let's assume this impulse wave will continue the weakening trend, and we'll give it four days instead of three to accomplish the minimum intraday range. Thus, by tuesday, preferably by monday, we should witness the COMPX advance very close to 2099 intraday, and the INX close to 1195 to confirm the impulse wave kick-off. After two days of rally the COMPX has reached 2065 and the INX 1187, about where they closed on friday. So far, they are inline with what has occurred previously. Keep a close eye on monday's and tuesday's action. The charts have been updated to include last weeks activity. I'll keep you posted!

For charts and details: http://spaces.msn.com/members/caldaroEW/
 
This chart displays the SPX since 2002 ... with an accumulative advance/decline line. Typical bull market stuff!

When the A/D line makes a major negative divergence...game over. Technical Analysis 101.
 

Attachments

Quote from gharghur2:

This chart displays the SPX since 2002 ... with an accumulative advance/decline line. Typical bull market stuff!

When the A/D line makes a major negative divergence...game over. Technical Analysis 101.
More...

Here's my problem ... maybe some of you guys have seen this before ... the same chart for the NAZ!
 

Attachments

Quote from gharghur2:

...
INX (S&P500) 1205
INDU (Dow) 10,513

These are print highs, all to occur by wednesday the latest. Best to your week! Tony
[/url]
More...
You need a MONSTER move for either of those to happen by tomorrow. SPX at 1178, and DOW at 10283.

A +235 DOW move comes once a year.

nitro
 
Quote from nitro:

You need a MONSTER move for either of those to happen by tomorrow. SPX at 1178, and DOW at 10283.

A +235 DOW move comes once a year.

nitro
More...

It appears this thread will suffer an ignominious death.
 
You must log in or register to reply here.
Back
Top