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mss

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Posts: 293
Reply with quote  #1 
Quote:
[quote name='mss' date='Dec 13 2008, 03:41 PM' post='421212']

There are signs that a "base" of some sort is forming. The question at the present is it a "running top" base or a "running bottom" base.
Only time will tell for sure, but IMO it is looking more like a bottom build for a IT run up.
It will have wild swings, "dead cat bounces" but I think the bias will be upward. You might get your 1000PT on the DOW. I'm thinking we get to 1005, test back 920-930 breakout, then we might get "T's" 1050ish. Then the 695 lower leg.
mss

Below are 4 updated charts as of 12/19/08  SPX, NYA, VLE & my B/S chart on the SPX.
Draw your own conclusions as the market looks ready to run, the nagging question is it still up. IMO, yes but only time will tell.

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bobalou

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Reply with quote  #2 
were is the that rat chart, I like.. happy Holidays..to all.
any way,,the chart is a mess,sorry I put some time in this chart,,but ,,look at the cycles,,if I'm right,,in pink..that could let the spx run in the black channel,to 1000 ?,,,mss,,note,the,11 spaces,,w/ an up date later,, if you could,, over bought ? O K,,but tops roll over,,and tax loss selling could come to an end..were are the cycle guys ? does this work,,w/ your work ?

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mss

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Reply with quote  #3 
Nice work bobalou, i will update after the first of the year.
I no longer do the "rat" chart as it was not too effective in a true bear market like we were having with the VOX roaring up and down. Found a better deal and you just marked all over it. Will see you next year and a Merry Christmas and Happy Holidays to you and yours.
mss

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bobalou

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Reply with quote  #4 
mss ,,hi ,,how about a up date
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