Weekly Index Commentary Using STOPD

[Lawrence Chan]

Fed freaked out just like 1998 and 2007.

From my blog last week, here are the charts.

What are they afraid of this time that they have to do the same thing?!

 

[Lawrence Chan]

Are they related?

 

[Lawrence Chan]

What a Man Need

 

[Lawrence Chan]

The 1998 scenario played out.

Here is the chart again.

 

[Lawrence Chan]

Nov closing at the month high just like the chart above.

Ready for a 50 points drop?

 

[Lawrence Chan]

Just 25 points, half that of what happened back then.

Seasonal weaknesses for this week before the end of year up drift.

 

[Lawrence Chan]

The rest of the dumping completed right on schedule. Trading, sometimes, can be this simple. XD

If anything, the US stock market should find a bottom this week for the usual year end updrift.

 

[Lawrence Chan]

What a rally and right on time too =)

Holiday mode trading starts this week.

Happy Holidays!

 

[Lawrence Chan]

Happy New Year!

NQ finding a bottom on Mon/Tue this week, does not matter how, will trap a lot of bears again.

 

[Lawrence Chan]

How interesting the bottom is 100% expansion of the prior week's range following STOPD precisely for both NQ and ES?

The fight to control previous year close zone will be fierce this week.