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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38014)	8/14/2002 4:28:15 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70990

[madtrader] Tue Aug 13, 3:59pm PDT market After the close I did a little checking on closing volume. Hate to say it, volume bumped up compared to the previous few sessions. Although still below average, the fact this came on a dwon day indicats further trouble down the road. BTW, hearing all the talking heads (don't know if they are mostly Republicans or not) singing the praises of President Bush on his speech down in Waco today. Last time the President delivered a speech during market hours, the Street sold off. I guess the best thing for him to do is to keep his mouth shut and quit touting the so-called "fundementals". none. [RumorDude] Tue Aug 13, 1:43pm PDT $DJX.X $VIX.X This is weird (again) - these two aren't inverse today - that is, typically a big move south on the djx/spx would have a corresponding bump up on the vix. But here is just the opposite. I've got to interpret this as a negative sign: lower $VIX's would lead towards a sell signal - not a buy! none Register for our newsletter [madtrader] Tue Aug 13, 12:42pm PDT WTW I guess this one provided the clue about the market. I thought it looked pretty good breaking out yesterday. Had reservations about the relative low volume. And we got a higher volume reversal down today. When stocks break out to a new high then quickly reverse down, it suggest traders have no confidence. And they are happy to take whatever gain ASAP. none. [madtrader] Tue Aug 13, 12:33pm PDT Iraq war Hearing some rumors about big time troop build up around Jordan, Turkey and the Gulf in general by US. The trial balloons the administration has been throwing out through NY Times might just be an intentional distraction. The recent retraction by Iraq on issues of weapons inspectors makes this rumor of troop build up credible. Just 2 weeks ago they were saying inspectors are welcome. More or less saying we hid the nukes so well, come find it! Now they are getting wind of the troop movement, no inspectors will be wanted. Got to assemble the nukes back! I am not sure if the market has factored this in yet. But based on Fibonacci dates and the Bradley model suggested by Arch Crawford, there should be another massive selling period comparable in scale to that of late June through late July 24th. ThSeptember.e market will oscillate around this level for the next 2 weeks then the real selling starts, with the end coming around late September. none. [madtrader] Tue Aug 13, 12:26pm PDT $COMPX $DJI Broken the clear upward trending regression channels. I didn't quite get why all the brokerage houses were staking their names by calling for a rate cut today. The selling we got here isn't at all surprising, considering the wishful buying in the past few sessions. I am still looking for a retrace of the 38% of the move from recent lows. What's more realistic is probably a 62% retracement. Which should take the DOW back down to 8000 level, 1250 for COMPX. short QQQ. [RumorDude] Tue Aug 13, 10:13am PDT EXPE BBH EXPE is hitting it's downtrend line which started back in May. BBH looks to have a short term rounded top and coudl find it's way back to 80. Buy to open Sep 40 EXPE puts, Buy to open Aug 90 BBH puts