InvestorsHub Logo
Followers 123
Posts 30590
Boards Moderated 3
Alias Born 11/22/2006

Re: Jamestown post# 131

Sunday, 04/08/2007 7:15:54 PM

Sunday, April 08, 2007 7:15:54 PM

Post# of 19057
SOX PF signal is showing on the $SOX/SMH TL as posted, thanks.
The charts which I posted, I will link the charts to my web page and on the board front page, so that you can also check since you know my comment style.

Futures are certainly positive at the moment, +4 / +7.75. Will see whether it will hold until market open tomorrow morning, but I am sure that traders will be ready to fade "Gap-up". The potential Gap-up will likely be at the resistance TL shown on the 60m charts, Qs & SPX.

http://www.investorshub.com/boards/read_msg.asp?message_id=18543359

My comment on Friday morning after the Job number is in effect.

60m price actions show negative D. but please refer to my comment above.

The NYA chart which you posted, Excellent! That you are getting it so quickly. Of course, it is a piece of cake as a x-rocket-scientist... 8)



The point which I am making for NYA is that it is a stronger market which is showing that it is almost retraced to the Feb '07 top, only 28 points to go to breakout above the Feb 2007 high to make a new high. This means that NYA is leading the rest of the market as it did before. Did you also check on $MID and $RUT? They are also a few points away from the Feb 07 high. Even though, as you pointed out NYA neg D., market is heading up, I believe, to breakout. I know that we are heading to earning season, but with a bit of good news, market seems to be heading to make new highs.

Have you checked $SOX components? Are there any good signals?

Thanks and keep up the good work.








Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.