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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (6225)10/20/2010 11:57:35 AM
From: westpacific  Read Replies (1) | Respond to of 26251
 
Perhaps a fill of that 1200 gap left open from last May...

Gaps do like to be filled; and we still have one open in the 600s on the rally start up as well; it should be filled in the coming your or two as well.

The count is very well set up to be a wave 5C2...

Just taking a crap load of patience.

West



To: Rarebird who wrote (6225)10/21/2010 5:11:29 AM
From: westpacific  Read Replies (1) | Respond to of 26251
 
Ts are saying much Russ; seems patience is needed near term...

Until these MACD lines can break back to the upside; there is no bull case here for stocks!

We are in a topping mode...

It reminds me of 2007 when the FED was also in panic mode.

What should be noted; we are starting this down move on the MACD and note current yields!!!!

We are sitting on stock yields that are lower then every market peak in history as well!!!

NO wonder they need to keep creating funny money in greater amounts!

West



Three HISTORIC STOCK PEAKS