Tuesday, June 17, 2008 8:43:27 PM
Hi OM, ~~ LT Market analysis ~~
Genuine economic growth will come from new advanced alternative tech development.
XOX chart?
How's chiquita looking?
http://beta.investorshub.advfn.com/boards/read_msg.aspx?message_id=30047866
~~~
Weekly and Monthly price action momentum is decreasing. Note how price momentum on monthly chart shown with StochRSI set 100 is showing negative divergence on Oct 2007 top comparing to Mar 2000 top. I commented on the fractal formation analysis on my previous post. Also noted on the recent economic bounce since Oct 2002 is based on the ARM bubble after the decade bubble in 1990s. We didn't have real economic strength and growth since Oct 2002 bottom, but rather it was artificially stimulatd economic growth to avoid recession due to the big tech bubble and 911 disaster.
Previously, I commented on 8 (8.6) year cycles with charts. We now have receding 2nd 8 yr cycle ~ 16yr cycle.
Considering the recent hyperbole energy and commodity price actions after ARM R.E. disaster, we will be heading to more difficult economy since many americans are in financial trouble.
The noted above internal price action is reflecting LT negative divergence on the Oct 2007 top compared to Mar 2000 confirming the real economic and fundamental inernal weak strength. Monthly internal strength was weakening prior Oct 2007 top showing negative divergence, and now we are seeing price actions showing negative trend.
The boom and bust cycles which we had during the last two decades wiped out many americans and current economic condition is not favorable for real growth and will take longer than several month.
Other Comments on LT view
http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm
http://beta.investorshub.advfn.com/boards/msgsearchbymember.asp?SearchStr=spx&SearchID=87581
Genuine economic growth will come from new advanced alternative tech development.
XOX chart?
How's chiquita looking?
http://beta.investorshub.advfn.com/boards/read_msg.aspx?message_id=30047866
~~~
Weekly and Monthly price action momentum is decreasing. Note how price momentum on monthly chart shown with StochRSI set 100 is showing negative divergence on Oct 2007 top comparing to Mar 2000 top. I commented on the fractal formation analysis on my previous post. Also noted on the recent economic bounce since Oct 2002 is based on the ARM bubble after the decade bubble in 1990s. We didn't have real economic strength and growth since Oct 2002 bottom, but rather it was artificially stimulatd economic growth to avoid recession due to the big tech bubble and 911 disaster.
Previously, I commented on 8 (8.6) year cycles with charts. We now have receding 2nd 8 yr cycle ~ 16yr cycle.
Considering the recent hyperbole energy and commodity price actions after ARM R.E. disaster, we will be heading to more difficult economy since many americans are in financial trouble.
The noted above internal price action is reflecting LT negative divergence on the Oct 2007 top compared to Mar 2000 confirming the real economic and fundamental inernal weak strength. Monthly internal strength was weakening prior Oct 2007 top showing negative divergence, and now we are seeing price actions showing negative trend.
The boom and bust cycles which we had during the last two decades wiped out many americans and current economic condition is not favorable for real growth and will take longer than several month.
Other Comments on LT view
http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm
http://beta.investorshub.advfn.com/boards/msgsearchbymember.asp?SearchStr=spx&SearchID=87581
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