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Re: [RT] Nyse Daily

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diregard
did not see it on the bottom
Ben
----- Original Message -----
From: EAdamy
Sent: Thursday, September 29, 2005 8:17 AM
Subject: Re: [RT] Nyse Daily

NYSE    7700 on Sep 30
NDX    1629 on Sep 30
SPX     1264 on Sep 30
 
From appearance of price relative to MOB I would rate all of these as very low probability. Attached is GIF of my NYSE breadth models which do not show the bullish divergences I want to see to support a strong rally.
 
In my playbook, I have been shorting ES since July 28 ... putting limit orders to sell in at 127% and 162% retracements of declines (rally targets) and taking profits on declines. Topping process can go on for months so I have not wanted to hold shorts on long term basis. I am now starting to work on a longer term short position and am currently lightly short ES mini and watching for opportunities to add to position on rally -or- break of support.
 
Earl
----- Original Message -----
From: Ben
Sent: Wednesday, September 28, 2005 10:40 PM
Subject: Re: [RT] Nyse Daily

where is the mob   in price and time?
Ben
----- Original Message -----
From: EAdamy
Sent: Wednesday, September 28, 2005 8:06 PM
Subject: [RT] Nyse Daily

Attached is daily chart of NYSE, which has been considerably stronger than the NASDAQ, in what looks to me like a terminal rising wedge. The blue line (very roughly) looks like it has taken enough "hits" to begin failing. The charts don't have quite the same look as they had in late 1999 and early 2000 but the trading feel is quite similar.
 
Overall, not much in inter-market relationships to equities which I like and the fact that both the dollar and gold are rallying suggests something in that particular relationship is going to break.
 
Earl

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