Market Breadth Data******************************

Monday, June 30, 2008

Here's an update of a chart posted several times before:


Saturday, June 28, 2008

The daily support/resistance lines are pretty obvious for the ES,




but a little less so for the DJIA weekly:



And for the grand finale, a look at the CycleForecaster:

Thursday, June 26, 2008

Oooops, forgot to add one more support line, and that's exactly where the ES will close today.



Support/resistance levels for the ES and DJIA shouldn't come as a surprise to anybody.



Wednesday, June 25, 2008

Now here's an interesting comparison between the
SPX in 2008 and 2001.

The scaling is slightly different, but that shouldn't diminish the strong correlation effect.



Tuesday, June 24, 2008

Monday, June 23, 2008

Saturday, June 21, 2008

The polarity shift I referred to on June 6th is almost over, and it should be business as usual after that.

Now it seems a good time to update a chart I've been posting since February 8th.


Friday, June 20, 2008

Sometimes pivots do a pretty good job at catching bottoms:


For a change of scenery, let's take a look at daily and weekly Q's:



Wednesday, June 18, 2008

Below are two different sets of support/resistance levels for the cash index.




Tuesday, June 17, 2008

It shouldn't come as a surprise, that the high came in at 1370.25


Friday, June 13, 2008

And here is a slightly different and updated version of yesterday's chart:


Thursday, June 12, 2008

Today, I decided to combine two charts into one,
to avoid clutter.

Looking at the SPX, one can argue, that there is a perfect squaring of price and time.


Wednesday, June 11, 2008

This is where the SPX finds itself at lunch time:




And at the close:


Tuesday, June 10, 2008

In classic TA fashion, what was once support (1370), now became resistance.

And, according to classic Gravity theory, polarity shifts occur at regular intervals. For those not familiar with them, extreme caution is warranted.

Saturday, June 07, 2008

This is an update of the May 30th chart. It's marked with the Gravity dates along with the barometer readings for that day.


Friday, June 06, 2008

Irony aside, I can't help thinking how much more effective the Bulls could have been, had they waited patiently for the proper set-up to launch their offensive.

Looking at the G dates, however, it's the Bears that are quickly running out of time now, despite the fact that the 1370 support level has been broken.


Thursday, June 05, 2008

Excellent offense by the Bulls, unequivocally declaring that failure at the 1370 level is not an option. Now the KEY issue outstanding is follow-through, or the lack thereof.

Wednesday, June 04, 2008

Another look at the 1370 level, and the reason why it is so important for the bullish case:

Tuesday, June 03, 2008

The Bull's objective is clear:
1370 has to be defended at all cost !


Monday, June 02, 2008

The powerful combination of an overbought market and a Gravity date: four days retraced in one.

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