Dow DEFINITELY looks good to 9000

Discussion in 'Trading' started by Jesse J., May 5, 2003.

  1. Whats the matter, did you drop your crystall ball and break it?


    Plueeezzzeeeeeee!
     
    #31     May 7, 2003
  2. Recently, P/C ratio quickly gets very pessimistic once any selling pops up. This might have the effect of delaying further selling.
     
    #32     May 7, 2003
  3. lindq

    lindq

    Will somebody please shoot this market so it will play dead for at least a few days?

    Or, at least teach it to roll over?
     
    #33     May 7, 2003
  4. Jesse,

    I am with you on this. If the majority feels that the markets will continue downward I will go against it. Once again I am a broker and I know the turn around on traders (just telling it like I see it)so I will go with the minority. The post war rally will continue and thats that.

    comp
     
    #34     May 7, 2003
  5. Your persistency is amusing me :)
    I am rewriting a second version of my guide since the first one was very laconic and abstract. I have to put some illustrations first then I will explain.

     
    #35     May 8, 2003
  6. :)

     
    #36     May 8, 2003
  7. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=251390>


    We have just passed below the blue line (whose first pic is at 8576) on weekly scale which is the path of consolidation. The usual target is the dual of max target that is to say 8416 theorically. After that it is possible to see if Bulls can take control again and target the max potential of 8866.


     
    #37     May 8, 2003
  8. I forgot we were already Friday and as so there is no much time left to do the target. Each Friday one must look at target calculated at last week close : last week's close calculation give a consolidation of 8449: to be conservative one must take this one for profit taking rather than the above at 8416 (because this one could be done at the beginning of next week or at best at the end of the session).

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=251805>

     
    #38     May 9, 2003
  9. Could this BOLD call prove to be correct as well?

    JJ
     
    #39     May 12, 2003
  10. dbphoenix

    dbphoenix

    How BOLD can they be when you keep changing your mind?
     
    #40     May 12, 2003