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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: dePaul who wrote (2787)	8/16/2006 6:17:44 PM
From: MACD X	Read Replies (2) \| Respond to of 6865

I AM ALMOST WITH YOU DEPAUL AND JAKERS stockcharts.com looking at the chart above we are closer to the next red timing arrow than we are to the next blue timing arrow. Which means we should expect a top in place very soon. When I say top I mean a tradeable top, one which a short term trader may be able to enter trades that may have enough legs to capture several percentage points in the direction of the up coming move. Interesting is the amount of time that this indicator uses the center line as support and resistance with this special set of bollinger bands that are based around the 70 day moving average. These are marked in black and also are coming in a timely manner. And it is also saying that it is time to do it again. But the catcher is we havent reached this center line quite yet and it looks just 1 to 4 days aways. This makes sense being that a bradley calandar turn date is scheduled for August 23 plus or minus 4 trading days. Friday is within the plus or minus 4 day window and also is option expiration day. amanita.at When looking at the bradley above the last turn date was July 20 and it did mark the turn and we have moved up. Now we are near the next turn with indicators like the 50 day moving average above saying it may happen. Below is the chart of the QQQQ and as you can see we are near the next turn date and the fib levels. Expect a top soon. stockcharts.com