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 Strategies & Market Trends | E-Wave and TA Workspace


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To: steve from ihub who wrote (186978)10/29/2010 5:47:23 PM
From: mchjc   of 203478
 
Too bad you can't share some of the cold stuff at the Creeker Halloween party tonight...LOL

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To: mchjc who wrote (186979)10/29/2010 7:11:58 PM
From: steve from ihub   of 203478
 
I will have a cold one in my hand about the time you hit the Creeker. Have a great and safe night my friend.
Steve

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From: mchjc10/30/2010 9:34:24 AM
   of 203478
 
Stocks and the Dollar...Interesting article in today's WSJ, including this chart highlighting the high degree of inverse correlation which has developed in recent months:

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From: mchjc10/30/2010 12:28:11 PM
   of 203478
 
ISEE update...Considerable volatility in the raw daily data, but 10dMA continuing a gradual move toward less bullishness..Last 10dMA reading 118, compared to recent high 132..I think we need to see 140ish before this indicator could be considered to be signaling a market top of some significance ...

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To: mchjc who wrote (186982)10/30/2010 3:08:52 PM
From: Chaz   of 203478
 
Henry

The AAII Bullish sentiment index is at 51.5, a 2 year high and only 4 points off it's 2007 high. Just another data point that may be suggesting that we are just about done with some up.

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To: Chaz who wrote (186983)10/30/2010 4:23:07 PM
From: mchjc   of 203478
 
Thanks, Charles...I prefer to limit my sentiment readings to ISEE, since that is the only such indicator based on actual, non-institutional, opening transactions..

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From: mchjc10/30/2010 5:09:49 PM
   of 203478
 
AAPL update..

1. Bullish pennant completed in early Oct measures to 330..
2. A new bullish pennant or flag appears to be currently forming...
3. Current chart support is at the preceding 295 high..
4. If the 300 recent low fails to hold, the potential new bullish pennant/flag could entail a pullback to as low..on Monday...as 292..
5. Successful completion of a bullish pennant/flag would signal resumption of the advance, and a new measured move tentatively estimated to reach into the upper 340s..

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To: mchjc who wrote (186985)10/31/2010 6:46:52 AM
From: spvies   of 203478
 
Henry,
What are your comments on the attached chart. Is this a valid pennant? Measured move? What about Octobers pattern? Was this a flag?

stockcharts.com 

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To: mchjc who wrote (186985)10/31/2010 7:29:10 AM
From: hawkeyefan   of 203478
 
Stealing a line from an ESPN radio show: Predictions sure to go wrong.

Wiggles: From 1159, the SPX is in "c" up of "b" of "ii" of "iii". Thinking the SPX goes up to 1191 ( give or take a little). It has to be 5 waves up from just below 1180 that posted right before 11:00 Central on Friday.

From there we drop to 1175 to 1179 in a 5 wave "c" down.

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To: spvies who wrote (186986)10/31/2010 9:57:59 AM
From: mchjc   of 203478
 
AEM...You've fingered the strongest stock that I can see in a strong sector...the Miners..

Completed in Sept a large bullish triangle, which might be considered as having begun in Oct '09, but which I will take more conservatively as having begun in Dec '09..Measured move adds up to about 90.

Completed last week a bullish flag which can also be measured to about 90 but which I would measure more conservatively to about 81..

Great find, spvies...

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