L3: Well, I was late to update tonight as well. But my updated charts are up now...
homestead.com
Yes, the Market has been building to a decision point. Heck, I think we all knew that, right? Even all the big paycheck talking heads can't agree which direction it is going, still. So, why should we agree on this thread.
Anyway, if we all agreed, I stop posting and move on...<g> It just would not be as much fun! Well, my stuff is being stretched right now, I am very close to becoming a bull myself...<g>...but, not quite yet!!!
I went through all the stocks I track last night to see if I could agree with StockOperator, but not yet! Of course, I would feel much better if Windows on Wall Street's (not really so new now) data service had not filled in the holidays with data in all the indices and stocks I track. (They don't know what to do about it...I do...I am going to be changing software and data providers if those guys dont' get their act together soon. Those guy have problems out the gazoo and they just don't get it!!)
I am going to pour over the charts again tonight, to see what I can discern. There are still divergences out there...I would also feel better about my med/lng-term oscillator giving a buy signal last night if it where not in historical highs for the indicator, not good.
Go look at my charts, note all the resistance in the chart for the UTIL. And, my indicators are not implying an upside breakout for the RUT. And, the TRAN diverged today. And, the medium-term rising support line off the Oct 5th low is still unbroken for the TYX.X.
PS: You can't see the long term unbroken support line on my charts for the TYX.X because I can't get the data on my WOW CD to marry up with the Data WOW provides....great service...huh!!!!
Back to work...
Regards,
LG |
