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Strategies & Market Trends : Mike's Big Adventure Trading Forum
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To: Square_Dealings who wrote (1465)4/18/2007 12:14:16 AM
From: nspolar  Read Replies (1) of 1791
 
Michael, still bearish.

They have not blown me out yet.

We saw a bit of red today in the commodity related sectors, including pm's. I think this is a good sign if one is bearish. XOI has pushed a bit higher than I expected (standard procedure of late it seems), but still imo no BO here yet.

It appears to me the market has been hell over the last several months for very ST traders, unless one is very very good at that. Too many whipsaws. Hence I prefer to take a stand.

Although I plot other stuff, my main interest remains the NDX. Still has not been able to punch through .... and it looks like some of the leaders are failing .... AAPL, Goog, Rimm for example. The NDX can not punch thru w/o leaders.

It looks to me like a lot of stuff has been moving inverse to the dollar. I have been expecting the dollar to bottom ... but have made no prediction where. I dunno. It sort of looks to me like it may be an unexpected V type affair, and the present down slope is a bit steep. Maybe commodities should sniff it before it happens.

A possible interesting week. The Bradley is starting to have an interesting looking pattern as well .... will elaborate later. Note the 20th turn date on that, then the possible 5 wave pattern into end of year.

Good Luck Mate!
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