Dear Readers, Limits for today. QQQQ 43.17(09) - 43.40 GLD 65.17 - 65.44 USO 48.18 - 48.89 GG 24.22 - 24.97 Please see JD Limits for RUT/NASD in yesterdays Limits post Good Trading
Dear JIM/Daveo, We just got the exahaustion bar on QQQQ and the fractal reversal as well as the approach to 3rd resistance at 43.64( 43.58 actual) Good Trading
jim/boris, the ndx was up roughly 16 pts from todays low to high, that Jim picked out quite nicely. How much of a pull back do you see ? I need to set a limit but don't want to get greedy.
Dear Daevo, I am not sure there will be a big down move today, but you may want to try the FIB retracments at 38 50 and 62 percent( from 16 of course). Good Trading
Dear John, Our view of where the markets are going are clearly stated in terms of near and longer term. That includes "August Again" article that outlines the "yello brik road" for the Stocks to follow. How do call the markets action in that context, is a free choice and "whisteling past the grave yeard" fits as well as any others... Good Trading Dear John.
With all due respect to jim taylor, I would really like some structured reason for the calls. Boris explains the mind behind the madness so I know where he's coming from to a degree but what do you use to arrive at your conclusions?? It would be most educational.
Thanks jim for the calls...and thanks Boris as usual.
Dear Danno, Good to hear from you and I understand that everybody loves to have some more "meat" behind the forecasts. At the same time I urge that we take everybody the way they want to come across. If Jim wants to be cryptic that is fine. That is his prerogative and we appreciate his contribution. Of course, if and when people see the usefulness of his contributions they will decide how to use it. I love all of you guys, cause you make this site what it is. I can talk all I want if nobody listens, I have accomplished nothing... Good Trading to all.
Dear Danno, No problem, I understand and value your curiosity, that is the only way I have learned all I know, anyway... VXO yes, it seems like it may trap itself into the gap and restart up move again, if our forecast of Mqr 23-44 is correct it has not much time to head up again... Good Trading Dear Danno.
A quite good Swedish TA analyst has, for fib timing / cycle enthusiasts, just noted that today March 21 2007 is 5.5 years, 66 months, or perhaps more interestingly 288 = 2*144 weeks since the bottom on the 11 of Sep. 2001.
www.tendens.se (in Swedish of course)
He doesn't read anything more into this than that there should be some sort of reaction, whether a top or re-acceleration upwards remains to be seen.
20 comments:
Projected TREND REVERSAL AT: 9:45 PDT
JIM
Jim, does this apply to the whole market or a specific index ? Thanks, Dave
The Big Three: DOW, NAZ, S&P500
Jim
Thanks Jim.
Dear JIM/Daveo, We just got the exahaustion bar on QQQQ and the fractal reversal as well as the approach to 3rd resistance at 43.64( 43.58 actual)
Good Trading
How's the analysis on RUT?
Dear John,
RUT 3rd resistance is at 793.28 we have reached 792.59 close ha...
GOod trading
jim/boris, the ndx was up roughly 16 pts from todays low to high, that Jim picked out quite nicely. How much of a pull back do you see ? I need to set a limit but don't want to get greedy.
Dear Daevo,
I am not sure there will be a big down move today, but you may want to try the FIB retracments at 38 50 and 62 percent( from 16 of course). Good Trading
Thanks Boris, I wasn't looking for abig drop, but I'll take a bite here.
Thank you gentlemen, hit the 62% retracement. Have a good day out west.
Dear Daevo, welcom.
Good Trading
Is the market whisteling past the graveyard? Or am missing something?
Dear John,
Our view of where the markets are going are clearly stated in terms of near and longer term. That includes "August Again" article that outlines the "yello brik road" for the Stocks to follow. How do call the markets action in that context, is a free choice and "whisteling past the grave yeard" fits as well as any others...
Good Trading Dear John.
With all due respect to jim taylor, I would really like some structured reason for the calls. Boris explains the mind behind the madness so I know where he's coming from to a degree but what do you use to arrive at your conclusions?? It would be most educational.
Thanks jim for the calls...and thanks Boris as usual.
Thank you...interesting
Dear Danno,
Good to hear from you and I understand that everybody loves to have some more "meat" behind the forecasts. At the same time I urge that we take everybody the way they want to come across. If Jim wants to be cryptic that is fine. That is his prerogative and we appreciate his contribution. Of course, if and when people see the usefulness of his contributions they will decide how to use it. I love all of you guys, cause you make this site what it is. I can talk all I want if nobody listens, I have accomplished nothing...
Good Trading to all.
I agree Boris and I should have framed my post to Jim as a request instead of as a demand. That was not my intention. It's just the curiosity in me.
By the way the VXO looks like it's setting up on the launch pad again.
Dear Danno,
No problem, I understand and value your curiosity, that is the only way I have learned all I know, anyway...
VXO yes, it seems like it may trap itself into the gap and restart up move again, if our forecast of Mqr 23-44 is correct it has not much time to head up again...
Good Trading Dear Danno.
Boris,
A quite good Swedish TA analyst has, for fib timing / cycle enthusiasts, just noted that today March 21 2007 is 5.5 years, 66 months, or perhaps more interestingly 288 = 2*144 weeks since the bottom on the 11 of Sep. 2001.
www.tendens.se
(in Swedish of course)
He doesn't read anything more into this than that there should be some sort of reaction, whether a top or re-acceleration upwards remains to be seen.
Regards,
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