Please refrain from using the word 'crash.' The stock market is not going to crash and quite frankly isn't even going to have a 'correction.'
K? Thanks Bye
Happy Trading!
K? Thanks Bye
Happy Trading!
Crash 40% Down, In Two Weeks
- Thread starter Digs
- Start date
I hear there's been selling off the highs by some of the more credible EW'ers.
there is a great degree of optimism in the american public even with everything that is currently undercutting them.
a crash doesnt start here, unless day to day volatility increases and stays up for extended periods of time.
a crash doesnt start here, unless day to day volatility increases and stays up for extended periods of time.
Did anyone notice that the sell off last week happened to occur within < 1% of the March 2000 closing high for the SPX ?
Millions of investors who bought into the 2000 high's and never sold, finally had a chance to break-even after 7 years!
Now we got to ask ourselves the following question:
Is this a normal selloff created by the resistance of the 2000
inventory supply, or is this something more?
Another thing to consider is the fact that the $TNX moves up when stocks move down and the $TNX moves down when stocks move up.
Having said that, look at this chart of the $TNX >
http://stockcharts.com/h-sc/ui?s=$TNX&p=W&yr=1&mn=6&dy=0&id=p59189887757
You will notice that the $TNX is approaching its resistance
line created by the its June 2006 highs. (Which happens to be when the SPX hit bottom at its long term rising 20 month moving average).
Every years since this current bull market begun in March 2003, the SPX has had strong pullbacks to its rising 20 month moving average.
The question is, will it happen in 2007 ?
P.S. Can anyone direct me to a good web link on how to JPEG a chart? I would really appreciate it.
Thanks,
Jeff
Millions of investors who bought into the 2000 high's and never sold, finally had a chance to break-even after 7 years!
Now we got to ask ourselves the following question:
Is this a normal selloff created by the resistance of the 2000
inventory supply, or is this something more?
Another thing to consider is the fact that the $TNX moves up when stocks move down and the $TNX moves down when stocks move up.
Having said that, look at this chart of the $TNX >
http://stockcharts.com/h-sc/ui?s=$TNX&p=W&yr=1&mn=6&dy=0&id=p59189887757
You will notice that the $TNX is approaching its resistance
line created by the its June 2006 highs. (Which happens to be when the SPX hit bottom at its long term rising 20 month moving average).
Every years since this current bull market begun in March 2003, the SPX has had strong pullbacks to its rising 20 month moving average.
The question is, will it happen in 2007 ?
P.S. Can anyone direct me to a good web link on how to JPEG a chart? I would really appreciate it.
Thanks,
Jeff
the question you have to ask yourself why is the index at these levels in the first place.
=)
=)
B.S. This is just the millennium bug in reverse. Ain't nuthin gonna happen!!
There is no support/resistance line here.
Take a look at the monthly charts....
The Naz will not see 2000 levels in your lifetime
The Dow past up 2000 levels in 2006
The Russell left 2000 level behind back in 2004.
The composition of the S&P has different stocks now
There is nothing but up
Just lookout for them dips!
There is no support/resistance line here.
Take a look at the monthly charts....
The Naz will not see 2000 levels in your lifetime
The Dow past up 2000 levels in 2006
The Russell left 2000 level behind back in 2004.
The composition of the S&P has different stocks now
There is nothing but up
Just lookout for them dips!