Re: [RT] 88 Years of DJIA history -- the good and the bad

["Ira" <mr.ira@xxxxxxxxxxxxx>]

Part of the downside action on the S&P and the Dow is a rotation out of financials and consumer staples and moving into the tech sector.  One of the reasons that the Nasdaq has been rising. 

 

The other thing is that the US dollar seems to be stablizing just above my first price objective for the move down at 80.43.  If the dollar can get to 81.10 it has a good chance of going to 81.63.  A rising dollar would increase the carry trade and pressure bonds higher and interest rates lower.

 

Just one man's opinion. 

 

Ira

www.thetradersguide.net

 

 

----- Original Message -----

From: ben

To: realtraders@xxxxxxxxxxxxxxx

Cc: panda2222@xxxxxxxxxxxxx ; 'Vince Donovan'

Sent: Thursday, August 30, 2007 3:01 PM

Subject: RE: [RT] 88 Years of DJIA history -- the good and the bad

So far you have been right Ira

For tomorrow

Sp should  close minus 3.57, 

Max positive intra day positive4.28- positive 8

Max downside minus  6   to minus 8

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Ira
Sent: Sunday, August 26, 2007 6:19 PM
To: realtraders@yahoogroups.com
Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad

My monthly chart shows downside pressure and divergence at the high.  Even though these are negatives the Weekly and Daily show upside pressure.   the daily chart indicator is over extended which indicates that there should be a couple of days  of horizontal or downside price action. 

Just one man's opinion,

 Ira

www.thetradersguide.net

----- Original Message -----

From: Clyde Lee

To: realtraders@yahoogroups.com

Sent: Sunday, August 26, 2007 1:45 PM

Subject: [RT] 88 Years of DJIA history -- the good and the bad

Just for new readers:

The Tradestation indicator called  The SwingMachine is given

a specification for detection of pivot (turning) points and keeps

tract of all such points (in time and price) for the entire period

of the chart on which it is applied.

Price is kept in terms of percent of current price so that a

proper average/estimate can be made at any point in time

thereafter.

The attached shows to most optimistic and most pessimistic

views that can be accumulated from the 88 years of weekly

data that was analyzed.

Remember this is nothing but a representation of what has

happened in the past.  For those that think the market tends

to repeat patterns of price this is an excellent study.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee                 phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite 105
Houston, TX  77063     fax: 713.783.1092
WebSite:       www.theswingmachine.com
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___