Discussion in 'ETFs' started by Tyren, Nov 29, 2006.
Ok, I start this. I will post mostly daily bar charts here. Everyone is welcome to join...
S&P500 is very overbought. I'm watching it to see if it for example makes a ab=cd pullback down to ca. 4.dec.. It had this ab=cd rhythm in time pullback down to ca. 3.nov., so I'm expecting it to have ca. same size pullback now. Monday 27.nov was quite large, maybe it was the pullback it needed. Still the time for ca. 8 bar pullback will be ca. 4.dec. :
$FTSE is lagging the $SPX, and has a larger share of oil&gas and mining stocks in it's index. It perfectly followed the 25.sept-16.nov up-move in the astro-forecast.
QQQQ : astro says up 6-8.dec. for stock markets. Price and time says that we should have ab=cd pullback 4-5.dec. and up from there. Time will tell...
Looks like $SPX is a little bit overbought for the next 1-2 days of market-action...
thanks for the detailed analysis. I really beleive in technical analysis and trying to get into these astro signals. However, could you explain why the market behaved the exact opposite to your astro signals in the past three days?
and why are you comparing it to FXE?
Astro : It was a little bit of my mistake... the 5.dec was not the correct date. Well I said the 4.dec in the first posting. That's what low of this 2 week up-swing should be, or more exact sunday 3.dec. So it was at the open 4.dec..
The $SPX has been difficult lately because USD(US dollar) hard been falling very hard, and that's a strong advantage for the $SPX. The same we had 1-25.sept. when oil did fall ab-normal hard.
So I have put the astro on the FTSE all-share(London) :
You see London is up all days this week.
3.dec was the correct date. The model that have given the turns on the FTSE-chart says that the next turn should be 17.dec. (10.dec small-top) for a top, and fall down to 27.dec..
Are you saying thay Oil wil go down into December?
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