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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (27)	3/23/2008 8:36:59 PM
From: Stoctrash	Read Replies (1) \| Respond to of 3209

SPX --- forks are holding firm, if it's going to start another leg down we're not far from major resistance. Sorry the chart is nasty, but you get the idea..darn rookies <GG> (ps Great idea for a thread.)

To: AllansAlias who wrote (27)	3/25/2008 9:20:18 AM
From: AllansAlias	Respond to of 3209

We had the breakout. I am in buy the dip mode. You don't worry about what could be when you get such a breakout -- you have to position and assess the move as it develops. Price action is way more important than any prediction. Chart from the weekend re-posted below: "If we get over that $34.40 area then we'd have to get long imo and worry about the larger picture later."

To: AllansAlias who wrote (27)	3/28/2008 5:25:56 PM
From: Perspective	Read Replies (1) \| Respond to of 3209

Tell ya, AA, when I look at charts like this I see a market in the early days of - at a minimum - a cyclical bear which hasn't made downside progress in ten weeks. Given the duration of prior bear market rallies, and the technically weak backdrop despite the unprecedented efforts by the monetary authorities, it looks to me like a market that could move down a bunch from here, and soon. If the bulls haven't been able to push it up in the face of all the liquidity pumping, what will they do when more bad news surfaces and the Fed is out of bullets? I was hoping this, the third rally since the panic Fed rate cuts in January, would unfold as a choppy, overlapping ending diagonal, and it has pretty well done that. I've executed terribly in getting rid of hedges, but hopefully my sector positioning compensates for my poor timing. `BC