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hiker

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Reply with quote  #1 
10/13

what will occur on the continued test of the May high a few points above?

distance from major support has been increasing, while the rising bottoms trendline has been moving higher...

it would be a surprise if this kind of pattern changes overnight, tho' the distance to the May high is much closer than one of the risk measurements:  the distance to the support trendline




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hiker

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Reply with quote  #2 
10/17 intraday -

has moved back below 8,651 on an intraday basis today....will the 8-day ema hold on a closing basis?  note the proximity of the 8 ema to the rising bottoms trendline.




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hiker

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Reply with quote  #3 
11/8






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hiker

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Reply with quote  #4 
12/13



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hiker

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Reply with quote  #5 
12/14 intraday

the price objective on the PnF chart has been achieved today, confirming the uptrend -




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hiker

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Reply with quote  #6 
12/18 prior to the market open

Ted Burge's 9 pages of chart work -

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID445101

comments on his first page today as of 6:10 a.m. ET -

Dec 16th! Be not deceived! Stick to the facts. The FACTS are ready for you to consider. The moment anyone tells you that they know what the markets will do tomorrow, change the channel, and in a 'rush'.

My new SOX, GOLD, SPDR and HLDR pages are an overwhelming favorite. You can see it all in the new format at:


http://www.tic-tac-dough.com

Support and resistance is based on fact. It is objectively verifiable when the proper methodology is used to find it. It is not highs and lows and it takes time to find it. Better to spend time to make money rather than to spend money losing your time or to waste your time believing that anyone knows what will happen tomorrow. These jokers take advantage and get away with it because too many have a short memory.

Short term or longer term, buy or sell or moves to X's and O's, the pattern is DEMAND, however, we trade support and resistance and resistance at these levels is the flavor of the day, week and the last month.

When BP's are high, it is time to be defensive. When BP's are low, it is time to be aggressive. No hype and no predictions, just be aware of price activity. A 3 box reversal on a traditional PnF chart is normal price activity. The problem because of the tight range of price activity in the last couple of weeks is that it does not take much to 'rock the boat'. It is all explained in my reports on my site. http://www.tic-tac-dough.com

The new 'Christmas or Grinch portfolio is making money BUT we are seeing a shift to supply. Staying on the right side of supply and demand with a plan in advance and take it easy and let price do all the work.

Support and resistance makes all the decisions for you and instead of watching indicators jumping around all over the place, the only thing we must watch is price at S/R.




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hiker

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Reply with quote  #7 
1/22 closing basis -

daily




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hiker

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Reply with quote  #8 
http://stockcharts.com/charts/gallery.html?NYA

some chartists say a couple closes above 9250 confirms the bull mkt.


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hiker

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Reply with quote  #9 
7/26/07

the 2.78% decline today is notable

daily



weekly




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hiker

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Reply with quote  #10 
7/31 closing basis




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hiker

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Reply with quote  #11 
8/14

NYA closed today below the 200day sma and near 9250 horizontal mentioned above.

the value of the  weekly ULT indicator (34.44) for NYA is the lowest since late 2004. bottom spotter?


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hiker

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Reply with quote  #12 
8/15 intraday




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hiker

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Reply with quote  #13 
8/29

http://stockcharts.com/charts/gallery.html?nya

9250 horizontal has held for the last two days.

today's move up nearly reversed yesterday's move down...not confident any conclusions can be drawn from this action.

price action continues on both sides of the daily downtrend line

note price action vs. the weekly support t/l


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hiker

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Reply with quote  #14 
8/30 premarket

two related news items today -

08:42  Lehman cuts ests on brokers and asset managers: Details -- Morgan Stanley, Goldman and Bear Stearns

As mentioned at 7:10, Lehman cut their Q3 and Q4 ests and 2008 ests on Morgan Stanley (MS), Merrill (MER), Goldman (GS), and Bear Stearns (BSC). The stocks have sold down again this week, they believe partially on the back of competitor downgrades and estimate reductions. They say perhaps the reality of the 3Q facing investors in the eye, particularly during a light volume week, brought on another wave of short-selling or again led investors to reduce exposure. They believe that 3Q earnings will be significantly impacted by the dislocation in the credit and asset backed/mortgage markets, only partially offset by strength in currencies, rates and commodities as well as decent equities comparisons and favorable investment banking conditions at least through July.

08:21 S&P warns of investment bank fallout should 1998 be repeated - Times of London

Times of London reports profits at the big investment banks of Wall Street and the City of London will collapse by 70% in the second half if the credit crunch proves as fierce as in 1998, Standard & Poor's said yesterday. The debt rating agency predicted that revenues would collapse by 47% in the second half if the dislocation followed a similar pattern to the dark year when Russia defaulted and the hedge fund Long-Term Capital Management collapsed. "There's a strong sense of deja vu about the environment for securities firms," Nick Hill, analyst with S&P, said. "This time, rather than a sovereign debt default by Russia, it is rising delinquencies on US sub-prime mortgages that have sparked volatility."



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hiker

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Reply with quote  #15 
11/9

monthly




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hiker

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Reply with quote  #16 
below the 200day sma...first time in a while.

http://stockcharts.com/charts/gallery.html?nya


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hiker

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Reply with quote  #17 
11/14




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hiker

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Reply with quote  #18 
11/14

daily

several data points of resistance proved too much for the two-day rally attempt off the recent "bottom"




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hiker

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Reply with quote  #19 
11/15

closed today below the 200day sma




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hiker

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Reply with quote  #20 
12/6/07

monthly

price moved just to the major horizontal and paused for now, ahead of tomorrow's job nos. and the FOMC next week

a pattern of lower RSI highs remains in play





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hiker

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Reply with quote  #21 
12/7

price has stalled at a major horizontal



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