Traderboersenboard - Einzelnen Beitrag anzeigen - bullen und bären beim daylitalk bei TBB 2007

Benjamin · 20-02-2007, 07:41

February 19 2007 CNBC Report
http://www.mclarenreport.net.au/arti...ort/Page1.html

The previous week the index showed a high and corrected back to the obvious support of the previous highs thus holding the trend. It then needed to show a second wide range down day or it would be back testing the highs. There was no wide range down day so it is back marginally above the high. I have had 1458 as significant resistance in price and that is still holding the index back. This trend has been struggling up the past three months as each new high immediately falls back below the breakaway point. Analysis of the pattern of trending makes this an important point. It could either start an exhaustion or fast trend up-now- as occurred Oct 3 2006 or Dec 16 2003 or we’ll see a correction greater than the normal three days. This week should tell us if the index can get legs. Volume has been decreasing the past three weeks and does leave a possibility for further correction. But a strong up day would be bullish and indicate the index had held a previous high holding the index in a strong position for the next rally. Dropping below the high doesn’t end the trend but if there is follow through to the down day it could indicate the 30 or 56 point correction that is inevitable.

There are a few time periods that run from low to high or high to low and repeat in most markets, over and over again. In the US Indexes it is 90, 135 and 180 calendar days .

US T-BONDS

Last week I thought bonds could still be vulnerable to a fast move down if they could stay below the 3/8 retracement, which was also the price of the December low. Moving above the price of the December lows exceeds the criteria for a fast trend. The trend still looks down but when it will resumes the trend I can’t see. The low was 60 calendar days from high and many times that sets up a 90 or 120 vibration in time so March 1st we’ll look at this item again . Steve, when you told me last week everyone was looking for a move down that was the key to this pattern.

20-02-2007, 07:41	#264
Benjamin TBB Family Registriert seit: Mar 2004 Beiträge: 10.373	February 19 2007 CNBC Report http://www.mclarenreport.net.au/arti...ort/Page1.html The previous week the index showed a high and corrected back to the obvious support of the previous highs thus holding the trend. It then needed to show a second wide range down day or it would be back testing the highs. There was no wide range down day so it is back marginally above the high. I have had 1458 as significant resistance in price and that is still holding the index back. This trend has been struggling up the past three months as each new high immediately falls back below the breakaway point. Analysis of the pattern of trending makes this an important point. It could either start an exhaustion or fast trend up-now- as occurred Oct 3 2006 or Dec 16 2003 or we’ll see a correction greater than the normal three days. This week should tell us if the index can get legs. Volume has been decreasing the past three weeks and does leave a possibility for further correction. But a strong up day would be bullish and indicate the index had held a previous high holding the index in a strong position for the next rally. Dropping below the high doesn’t end the trend but if there is follow through to the down day it could indicate the 30 or 56 point correction that is inevitable. There are a few time periods that run from low to high or high to low and repeat in most markets, over and over again. In the US Indexes it is 90, 135 and 180 calendar days . US T-BONDS Last week I thought bonds could still be vulnerable to a fast move down if they could stay below the 3/8 retracement, which was also the price of the December low. Moving above the price of the December lows exceeds the criteria for a fast trend. The trend still looks down but when it will resumes the trend I can’t see. The low was 60 calendar days from high and many times that sets up a 90 or 120 vibration in time so March 1st we’ll look at this item again . Steve, when you told me last week everyone was looking for a move down that was the key to this pattern. Geändert von Benjamin (20-02-2007 um 08:06 Uhr)