Get Ready

Dear Readers, Market Pressure Configurations are still at the spot where they can go either way, but the probabilities favor move down in the intermediate term and even in the short term as the Buy pressure seems to be ready to pierce the CYAN , the average BUY Pressure line. So let us be alert today. It is not guaranteed that SPX will reach 1550, even though highly probable. Sentiment, while improved, is not yet extremely bullish, which makes harder to see an immediate and final top. One thing is without question. Barring further move down in $dollar I can not see the big upside potential at all. Repeating the story for other assets. Gold Meandering, $ turning up this month 23 +- 3 days, Energy as gold and Interest rates stuck sideways. Good Trading

Limits

Dear Readers, today's limits.
QQQQ 46.19(46.10, 45,95) - 46.67
GLD 67.64 - 68.11
USO 47.33 - 47.93
GG 24.72 - 24.97
It increasingly looks like we have exhausted down move, just as my comment to Danno about SPX went out.Good Trading
Jim Taylor, JD said...
UP WAVE WILL FIZZLE AT 10:13:00 PDT
JIM
5/08/2007 9:57 AM
MSG TO DEAR BYZANMAN, I suggest that you search "Builders" on this blog. You will find detailed analysis of the Builders stocks and their limits and my suggestion to Dear Mr. Rent that shorting/staying-short these stocks was dangerous. It has proven to be correct advise. If you have further questions after reading that. Please post a comment again.

Nice Call JD

Dear Readers, See JD's call In Posting Limits Below. So far, excellent.
Good Trading

Pressure Gages, Ready to Move

Dear Readers, Markets are in suspense mode, waiting for FED. Pressure gages are ready to move anyway in short term, but the configuration of CYAN lines in the extreme lows indicate the big move is coming on the down side. We have other tools that help fine tune such moves. So, be ready. Currencies Topping Here in MAY. GOLD Meandering, Ditto Energy and Interest Rates Stuck. Still the same story as before. Good Trading

Shekel Turning, TA100 as well

Dear Readers For months we have warned of $ demise into May 2007 it happened and Shekel appreciated with other currencies. Our levels were 4.10 initially and 3.78 sometime before next Passover. Well that was when Shekel was 4.25 or higher. Now at 3.98 "look what we have caused"... The World Stocks Markets are approaching the top and TA100 will be no difference, We had 2 levels 1045 and 1089 which have been easily passed next one 1173 maybe fatal. Good Trading

Warren Buffet Calling The Top

Dear Readers, You have all heard from BLOOMBERG L.P. Interview with Warren Buffet that he wants to find an elephant to put the elephant size 40-60 Billion in for safe keeping. Now I cannot and will not accuse Mr. Buffet of running the stocks, like the other private capital guys could be doing, but just think about it. It is not in the market!!! What is that? the idea that the biggest buyer is looking. This idea is now in the market. Is there a better bell ringer at the top?
We report You decide, fair and balanced... Yes, and did you see that program on some cable channel that is called "bulls and bulls"? Yeah, fair and balanced...
Good Trading

Limits

Dear Readers, today's limits.
QQQQ 46.46 - 46.93
GLD 68.12 - 68.49
USO 47.46 - 48.50
GG 25.09 - 25.60
Jim Taylor, JD said...
DOW COMPOSITE 4556.25 = 67.5 Squared
Util 529 23 Squared.
DOWN WAVE through TUES STARTS at 08:00 PDT.. 5 minutes from NOW.
5/07/2007 7:53 AM
Good Trading