Dear Readers Todays's Limits:
QQQQ 45.69 - 45.99
Just Want YOu to know Q's have an yearly resistance 48.25 and they could be going for it, Perhaps that excitement in the old bones of speculation SOX et al, is what is needed to cap this market? Just loud musings. Mind you this is not new, I have expressed it in this article http://www.safehaven.com/article-6338.htm , talking about SUNW and CSCO and XLK.
GLD 67.77 - 68.06
USO 50.34 - 51.04
AUY 14.17 - 14.46
GG 25.12 - 25.45
Good Trading
Jim Taylor, JD said...
Up Wave ending by 09:00 PDT
Jim
4/25/2007 8:47 AM
Jim Taylor, JD said...
Shanghai Stock Exchange Composite hits the WALL at 3721 61 Squared
JIM
4/25/2007 9:46 AM
Dear Readers, I place JD's comments here, cause they contain useful information. You do know that we are using multiple sets of methods to get to our conclusions, including the BREATH-FUNDAMENTALS(PRESSUERGAGES)/SENTIMENT/CYCLES. So, view the info above for what it is. One more, very interesting GANN inspired view of the markets. Good Trading
6 comments:
Up Wave ending by 09:00 PDT
Jim
Shanghai Stock Exchange Composite hits the WALL at 3721 61 Squared
JIM
Hello Boris:
any final views/comments on jd
comments last week that BRIC bubbles were due to pop soon?
Wish U a happy and safe vacation.
regards
Dear Dxb, JD, I like the different approach that JD uses in the markets. GANN's approach is different from mine, even though I incorporate some of that in my work. As far as the levels based on GANN, they are often spectacullary correct and more often spectacullary incorrect. The true situation is that there are people who that spectacullary may missuse the info provided by GANN methods or any methods. Levels are Levels. It is how they are approached by market and what other tools trader has to gage the significance of that level that makes the difference. There are so many levels under almost any system that they are useless unless you know how to handle them. Now, the daily levels I give are far less and yearly levels are even far less in number and their siginificance is enhanced due to that. But even there, what we need to do is see that the multiple markets ( what JD calls clusters) are in the position to hit those levels and bounce. Using the levels alone could be difficult. That is why when we hit few levels of ours lately we did not claim the top. Not only that we keep saying that the top is moved out into May by cycles and sentiment. Which brings me to say using the levels alone will not help. For a complete analysis you need sentiment, cycles and levels in clusters to come in confluence...
I hope this is clear. Good Trading all
Thanks Dear DXB
DOW approaching Resistance: 13053.06 = 114.25 Squared.
Jim
Why is it not just a valid to state the DOW will hit 171,610,000 because that is 13,100 ^2
Thanks
John
Post a Comment