futures worsened since last posting...
dow under water >130pts....tsk tsk tsk.... siao liao !
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US - Market Direction 01 (May 08 - Jul 08)
Re: US - Market Direction
by kennynah » Thu Jun 26, 2008 9:04 pm
Options Strategies & Discussions 
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by kennynah » Fri Jun 27, 2008 4:13 am
26jun08 - Post Market Review
All Volume markedly HIGHER....
DOW lost 359 Points
SP500 lost 39 Points
Naz lost 80 Points
I think, no need any charts to display the the culling at the abattoir tonight... one can imagine....
All Volume markedly HIGHER....
DOW lost 359 Points
SP500 lost 39 Points
Naz lost 80 Points
I think, no need any charts to display the the culling at the abattoir tonight... one can imagine....
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by kennynah » Fri Jun 27, 2008 5:21 am
26Jun08 - Post Market Review (Part II)
but i think...drastic times require a more macro view of things...to get a better perspective of where we are...
SP500 - 10 YEAR Chart
but i think...drastic times require a more macro view of things...to get a better perspective of where we are...
SP500 - 10 YEAR Chart
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by Chiron » Fri Jun 27, 2008 9:24 am
Unless DOW can climb back above 11577 and subsequently 11740, current pattern means that DOW has completed a big TOP which started in mid-2006.
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Re: US - Market Direction
by kennynah » Fri Jun 27, 2008 10:00 am
Chiron : always very good to see your contribution here...
i am trying to understand your post above.. but must admit, i am having some difficulties...
can u kindly elaborate or perhaps with some ang kong, show us (me) your critical thoughts here..
thanks.
i am trying to understand your post above.. but must admit, i am having some difficulties...
can u kindly elaborate or perhaps with some ang kong, show us (me) your critical thoughts here..
thanks.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
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Re: US - Market Direction
by Chiron » Fri Jun 27, 2008 10:14 am
Hi Kennynah, thanxs.
In office now so not able to post any pic.
IMHO, DOW broke up in Jul 06, after ranging at about 11K (max at 11577 on 5 May 06) from 04 to mid 06 and also doing a mini double bottom from May - June 06, to reach a new height of 14K in late 2007. This cumulated in the top formed from Jul 06 - Jun 08 (broke down yesterday), spanning two years.
Current DOW closed at below the 11577, which could means potentially DOW might have difficulty breaking up again if used past history as a guide.
cheers
In office now so not able to post any pic.
IMHO, DOW broke up in Jul 06, after ranging at about 11K (max at 11577 on 5 May 06) from 04 to mid 06 and also doing a mini double bottom from May - June 06, to reach a new height of 14K in late 2007. This cumulated in the top formed from Jul 06 - Jun 08 (broke down yesterday), spanning two years.
Current DOW closed at below the 11577, which could means potentially DOW might have difficulty breaking up again if used past history as a guide.
cheers
Last edited by Chiron on Fri Jun 27, 2008 10:28 am, edited 1 time in total.
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Re: US - Market Direction
by sesdaqfan » Fri Jun 27, 2008 10:25 am
The regional market si taking the drop quite well. Better than i expected. Could it be all still in the slumber from yesterday game? Anyway, lost money on russia.
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Re: US - Market Direction
by kennynah » Fri Jun 27, 2008 10:34 am
many thanks to C, we now have another TA perspective on DJIA....
26Jun08 - Post Market Review (Part III - in conjunction with Chiron)
DJIA - 5 Year Weekly Chart
26Jun08 - Post Market Review (Part III - in conjunction with Chiron)
DJIA - 5 Year Weekly Chart
Last edited by kennynah on Fri Jun 27, 2008 10:41 am, edited 1 time in total.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by kennynah » Fri Jun 27, 2008 10:39 am
sesdaqfan wrote:... Anyway, lost money on russia.
sesdaqfan : good to see you here... sorry to hear about russia...(my comments at the euro cup thread, is more appropriate of how i felt about last night's game)
by the way, do you have a TA view on where the major US indexes are headed to ? would like to hear your angle as well... thanks in advance.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
kennynah - Lord of the Lew Lian
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Re: US - Market Direction
by sesdaqfan » Fri Jun 27, 2008 10:46 am
kennynah wrote:sesdaqfan wrote:... Anyway, lost money on russia.
sesdaqfan : good to see you here... sorry to hear about russia...(my comments at the euro cup thread, is more appropriate of how i felt about last night's game)
by the way, do you have a TA view on where the major US indexes are headed to ? would like to hear your angle as well... thanks in advance.
Hi Kenny,
I do like to share but I donno how to post my png chart here. Care to tell me how?
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