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

To: AllansAlias who wrote (1379)	7/15/2008 11:36:43 AM
From: skinowski	Respond to of 3209

Looks like SPX is back inside the regression channel since the may top. The question, of course, if it can stay there - and build on its strength (even though using this word seems funny on a day like today). On a side note, we may be witnessing today a "historic" event - if the markets will actually turn, the perception will be that Ben Bernanke is at long last making his bones as a market talker upper... :)

To: AllansAlias who wrote (1379)	7/16/2008 6:01:15 PM
From: John Madarasz	Read Replies (2) \| Respond to of 3209

Longs also like the possible bottom candle forming on $BKX here Just as I suspected financials look to be coming out of the very oversold early week hole...tomorrow will be a crucial follow through day...if not, a low volume pullback could build a nice looking IH/S in UYG...the 2X ultra long proshares etf I mentioned a few days ago Here are some very interesting thoughts on the XLF as a leading indicator to be watching for the financials...and my current UYG 60 min below that (I did notice that 60min charts are allowed in board rules) <gg> vixandmore.blogspot.com