Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (139531)	12/18/2006 6:25:15 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Funny. I was just getting ready to post that SPX looks ED-ish over the past couple of months, with all this increasing volatility and overlaps. It's somewhat better seen on SPY's. On SPX, ~1415 looks like a meaningful short term support, followed by 1403. Agree - $RLX looks pretty. How was lunch?... -g

To: Shack who wrote (139531)	12/18/2006 6:38:16 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

You can say I'm nuts, but the initial advance of $RLX out of the July low looks an awful lot like a Broadening Leading Diagonal. I know that they are supposed to exist solely in Prechter's imagination, but I did notice them on a few occasions. Who knows.... -g

To: Shack who wrote (139531)	12/18/2006 6:51:52 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

Doesn't the RLX usually Tank this time of year after they report and lower guidance for the next qtr and the Holiday season is over ?? It's a Calendar event isn't it ? It's expected so I don't think it'll affect the Leadership of the market. But that may Fuel some Genuine Rotation as the Outflow goes back to work in other areas. January Effect ??

To: Shack who wrote (139531)	12/18/2006 9:59:58 PM
From: Henry J Costanzo	Respond to of 209892

Well, I had thought you must be out for a long lunch...and nothing less innocent than that...LOL...but sure glad you finally downed that last martini and showed up here again! Still the Wedge/EDMaster, I see...and think you may have something in RLX...I had focussed on the new RLX highs the past couple of days...But so far , no carry through on those.....if anything a failure and reversal.. And the big players looking a little shabby here...WMT flared and fizzled, BBY and CC falling in their "peak holiday season", COST and TGT flat for some time, HD and LOW nothing to write home about.. As you say, just one sector...and we'll see. If you can stay off the lunch wagon a while longer, would be very interesting to have your take on another...very weighty..... sector...the financials...BKX/XLF & Co,