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

To: AllansAlias who wrote (1490)	7/25/2008 7:43:10 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 3209

Hi AA I'm in the same camp vis a vis P&F. "ALL" the main bullish percents are now in X's and moving up. Several short term indicators have turned up as well these are the Hi Lo index for both the OTC & NYSE world of stocks. and from historical low levels not seen in 10-15 years. the next best move is up, little doubt about that. we just need some more backing and filling at the lows That July 15th low is significant to me. As well the weekly candlestick on most major indexs showing strong reversals with gigantic volume... we're going higher especially with the indicators reversing up from deeply oversold levels. this 1-2 day pullback was becuase the McCllen oscilators were very overbought near term, they'll reset and then move much higher in the next few weeks.

To: AllansAlias who wrote (1490)	7/25/2008 12:51:51 PM
From: frigengenius	Read Replies (1) \| Respond to of 3209

Pretty much where I'm at. I have too many counts going on in the SPX. QQQQ's my fav...bottom may be in or one more trip lower. I'm favoring that the near term bottom was the bottom of a 3rd wave down at 43.30...so still looking for lower there. BKX...still in watch mode. I think there is a good trade coming up here. Torn between a bottom is in or one more low....but still looking for lower prices regardless. So my stuff is confusing in the BIGGER picture. When that happens it's best to be non committed to any count. Get on the wrong side of a count and it's doom. Notice how many permabulls have fallen silent across the boards in the last months? It's not coincidence.