Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (4218)	11/12/2010 8:36:20 AM
From: humble1	Read Replies (1) \| Respond to of 41137

yep, they are buying the dips. look at this beautiful .618 retrace high of the entire SPX 910 point decline into 666. we had a high volume, triple-market-good-news exuberant (QE2, the election, the 11/5 jobs report), touch of 1227. then we had a low volume retest two c-days later: stockcharts.com inside sell/buy was the highest on record as sentiment had spiked to 22% bears a week or so earlier. the fat lady may have left La Scala.

To: bearshark who wrote (4218)	11/12/2010 9:05:09 AM
From: Vitas	Read Replies (1) \| Respond to of 41137

The 3-6 version of MACD has been holding zero in this uptrend since the September bottom: stockcharts.com (just change the macd parameters to 3,6 and the symbol to SPX or NYA) One more day to reset it near zero again should be enough to kick the market higher into option expiration week. It could approach zero either today or Monday. My guess is that it holds zero one more time. Examine the four year cycle bottom in the fall of 1950. We are looking very close, IF the 3-6 holds zero here. Coincidentally 1950 is four years before the 60 year cycle bottom of 1954, and we are now four years before the 60 year cycle bottom due 2014. safehaven.com