Crash 40% Down, In Two Weeks

Please refrain from using the word 'crash.' The stock market is not going to crash and quite frankly isn't even going to have a 'correction.'

K? Thanks Bye

Happy Trading!

 

I hear there's been selling off the highs by some of the more credible EW'ers.

 

there is a great degree of optimism in the american public even with everything that is currently undercutting them.

a crash doesnt start here, unless day to day volatility increases and stays up for extended periods of time.

 

In 2017

Looking back on 2007 will look just like the run in 1995 thru 2000.

Ride the raging bull, or you will get trampled!

 

Did anyone notice that the sell off last week happened to occur within < 1% of the March 2000 closing high for the SPX ?
Millions of investors who bought into the 2000 high's and never sold, finally had a chance to break-even after 7 years!
Now we got to ask ourselves the following question:
Is this a normal selloff created by the resistance of the 2000
inventory supply, or is this something more?

Another thing to consider is the fact that the $TNX moves up when stocks move down and the $TNX moves down when stocks move up.
Having said that, look at this chart of the $TNX >
http://stockcharts.com/h-sc/ui?s=$TNX&p=W&yr=1&mn=6&dy=0&id=p59189887757

You will notice that the $TNX is approaching its resistance
line created by the its June 2006 highs. (Which happens to be when the SPX hit bottom at its long term rising 20 month moving average).

Every years since this current bull market begun in March 2003, the SPX has had strong pullbacks to its rising 20 month moving average.
The question is, will it happen in 2007 ?

P.S. Can anyone direct me to a good web link on how to JPEG a chart? I would really appreciate it.

Thanks,

Jeff

 

NOT TRUE FOR NASDAQ STOCK BUYERS.
They're still down 50%.

 

the question you have to ask yourself why is the index at these levels in the first place.

=)

 

B.S. This is just the millennium bug in reverse. Ain't nuthin gonna happen!!

There is no support/resistance line here.

Take a look at the monthly charts....

The Naz will not see 2000 levels in your lifetime

The Dow past up 2000 levels in 2006

The Russell left 2000 level behind back in 2004.

The composition of the S&P has different stocks now

There is nothing but up

Just lookout for them dips!

 

Just wanted to post some credit, for the first jpeg on this thread was supplied from TheChartStore.com.

From the weekly chart blog (June 10th 2007). Great site !!

Symmetry between 1946 and 1987, is no reason to act, but it warrants buying some puts/leaps for protection.

 

So are you going to base trades on this??????
Should I switch my 401K over to cash???????

In other words . . . so what. Price is king. Follow price.