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

To: AllansAlias who wrote (1585)	8/6/2008 3:27:32 PM
From: NOW	Read Replies (1) \| Respond to of 3209

i think you got out too early, basis 1 minute chart ending diagonal throwover! <:

To: AllansAlias who wrote (1585)	8/7/2008 7:09:35 AM
From: Jerry Olson	Respond to of 3209

Morning AA We have major breakouts on the NASD at 2360, the NDX at 1880 a big one thru heavy R, and we're waiting patiently for the DJIA at 11,750, the RUT at 728, the SPX at 1300 to join the summer rally party. All the Point & Figure BP's are in sync now moving higher together from very oversold levels. The key for me is the weekly momentum on the P&F charts has turned positive this past week for the first time in 8-9 weeks. They were of course negative all thru this correction. That change is important because of the oversold conditions of the charts in general. we are going higher here for at least the next 5-6 weeks and then we'll see The QQQQ's have given a buy signal the QLD too, the OID is a short all rally type play Crude is the same as is Gold all short all rally type plays. So for all intents and purposes this is Buy The Dips, not sell the rallies in equities sans the commoditiy sector. The ETF for health care broke out nicely too RXL, i think it's prudent to use ETF's for swing trading purposes since they are a more conservative approach to investing. hope everyuone is going to sell those dogs with fleas and buy something nice here for the coming pop. good luck all best jerry