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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: venividivici who wrote (1676)	9/1/2006 9:00:36 AM
From: Moominoid	Read Replies (1) \| Respond to of 2852

I would assume that the move into the May top in SPX is an ED. Right now I was puzzled why in response to the employment report at 8:30am bond yields and stock prices were both apparently up. Seems like stocks are giving back some of the initial exuberance though. Played around last night with some new model ideas. They sounded like good ideas but didn't work as far as improving trading is concerned. Then I came up with another fairly simple idea that could be useful. The new stuff leans towards being long through today and then short on Tuesday. GZ's spirals all ended on Thursday whatever that means. If the market goes up today he starts a new spiral. Otherwise short. Seems like what I am seeing - the pivot point between a runaway rally to the upside or a downmove and almost impossible to tell between them. Right at a crossroads. I also looked at the count since the July low on NDX and with some contortions a triple 3 is possible. The big August Rally would be C of Y of a W-X-Y-X-Z.