Limits Coming Up

Please watch Q's for the following params, high side 52.55-52.64.
on the low side... 50.89-50.99
Among other things this means buy if accelerating upside with the high tgt and Sell if decelerating to downside with the low tgt.

N QQQQ 51.81 - 52.11
N SPX 1543 - 1549
N RUT 825 - 829 amazingly tight hit the highs!

Wishful thinking? Well, that is what I think , anyway about RUT outperforming the DJI and Q, cause some of our brothers think the $ has been saved, even without THE CHIEF SOPITALIST B. Bernanke Prayer. Keep dreamin ( Caaaarifornia, as the Governor Says)...

Not there Yet

Dear Readers, it looks like the SELL pressure is redeveloping a new and it has not yet reached fruition. Looking at the pressure and the summation charts confirms what the Oscillators also say. Not Yet, NIET. Upside still commends respect. One or two days as usual can change the entire picture, that is the market for you.
Good Trading

Guest Chart By Mark, Lytle, Yen Breakout into wave 5?

Dollar update

Dear Readers , $US Dollar has been stretched to a break. It must react at least a bit. Outlook into the end of the year looks bleak, but the indications are that we are going to have a little rebound here. Caution, I would not use this chance to get rid off one's core None Dollar Holding, no way. $USD is cursed with SOPITALISTS in charge. Only traders my trade out in $ short term.


Update (graph is from yesterday). $ is at the resistance with CHF=1.1710 and EURO=1.421. If/when these levels are substantially breached there is 1% move at least in $ upside, Othervise, lower we go now and here.

08:00 ET, O my! The world moves so fast. Well, the move suggested above had alredy happend. Is $USD done, very possible that this is all Dollar will manage. Be careful here and use short term signals to manuver.

Thanks For Being With Us

Dear Readers, The NATIONAL CASINO Will soon close. Another day to thank the oscillators, who told us again and again, be patient, "do not sell this market". Below see the contribution from Dear Mark Lytle. We appreciate Dear Mark.

EXTREME CAUTION. ENERGY OUT OF ENERGY! OIL COULD HAVE TOPPED. I am not crazy about gold here, either, but IF YOU HAVE TO? PROTECT YOURSELF, BUY GOLD SELL ENERGY

Comments from Mark A. Lytle:Hi Boris, This is my Elliot count of the $NDX which shows it in an early stage of wave 3 instead of being in wave 4...The vertical dashed lines with annotations are time lines computed with a formula I use based on Elliot counts, which is a logarithmic function containing elements of Fibonacci..it warns me sometimes of pending trend changes...The NDX has a lot of life left in it, and I expect it to do well as alternative energy companies gradually become the next bubble in the face of Peak Oil (after 2008). In desperation, I expect we will try to "invent" our way out of the next (and much more real) energy crisis... Regards, Mark Lytle

Well perhaps to support your ideas Dear Mark, the Altenergy and Nano Groups, which in my opinion are the groups that will make the new energy miracle happen, are on the buy side of the table.

Limits Coming up

If short, from Friday keep stops at profit or break even.
Watch these levels in Q's

51.93 - 52.00

N QQQQ 51.45 - 51.71
N SPX 1530 - 1536
N RUT 809 - 814

11:44 ET This resistance ZONE includes SPX ANNUAL 3rd resistance 1539.50 high of SEP 19. Careful here. Smart short might work.

12:13 ET INDU 14043 and NYA 10152 are now the "sell against targets"
12:22 ET Nothing doing as the market went above those points, next target

Jim Taylor, JD said...
Hi Boris, HI JD,
At Resistance:14043 2731 1541 Jim
10/01/2007 9:52 AM

13:11 ET So far, our best guide turned out to be Q' 51.93 ( market hit 51.94 can not ask for anything better either for purchase, early morning, or for sell , when hit.)

Oscillators had it right again. It looks like the topping process will last at least into Tuesday.

Jim Taylor, JD said...
Approaching SHORTING Targets:
10201 NYSE 101 sq
14161 DOW 119 sqJim
10/01/2007 11:57 AM

Where? Oscillators

Please note Groupstrength Table has 15(5 more entries) so, you can almost Mentally picture the oscillators( put it in ECXEL if you want to)

Dear Readers, Where are the oscillators leading us? Let us look at 5 of them. SP500, ENERGY, BANKS, BROKERS,REITS. That is pretty large representation of the market (sp500) and Finance (banks, brokers,reits) and Energy. SP500 and Energy and REITS are close to getting sell signals( especially REITS). Brokers are so so and Banks are not nearly close to SELL, what do we make of this? Market needs one or more days, at least, to get into a reliable SELL signal. At the same time, I hope nobody has any illusions about this market. SPX had made a high Sept 19. Not since( that is declining Dollars!, Real Dollars, see graph couple posts down). Ha... Just like our WHITE LINE would imply. Is AAPL moving up considered a BULL Market or BOOL Market, you decide... Dear P.T. Barnum Smoke And Mirrors are out in force and BOHICANS are plenty

$ Empire Stikes Back, How Long?

Dear Readers , $US Dollar has been stretched to a break. It must react at least a bit. Outlook into the end of the year looks bleak, but the indications are that we are going to have a little rebound here. Caution, I would not use this chance to get rid off one's core None Dollar Holding, no way. $USD is cursed with SOPITALISTS in charge. Only traders my trade out in $ short term.