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

Thursday, July 31, 2008

Tuesday, July 29, 2008

Speaking of hitting support/resistance --
it doesn't get any better:


Sunday, July 27, 2008

The monthly Q's are holding up pretty well so far.


Thursday, July 24, 2008

Things may not be quite back to normal in the marketplace, but at least the reaction to an overbought market and a Gravity date was.


Wednesday, July 23, 2008

Tuesday, July 22, 2008

Climbing the proverbial wall of worry, and getting overbought in the process.



Question is: when will the shorts realize that ?

Sunday, July 20, 2008

It was interesting to read that Bill McLaren is looking at the last leg of the same fractal I first wrote about on 6.25.08.

Here's an update with some additional time and price projections:


Thursday, July 17, 2008

The real test for this upswing is coming tomorrow:




Wednesday, July 16, 2008

The 80 point drop from an overbought barometer reading (>36) was quickly followed by a 44 point blast from oversold levels (<16).


The same pitchfork on a 60 min. frame but with additional support/resistance lines and a new channel within:


Tuesday, July 15, 2008

Since becoming overbought on 07/08/08 the SPX has lost about 80 points.

Sunday, July 13, 2008

1236 seems to be the new line in the sand for the ES,
followed by 1225:



while short-term 1260 is the key resistance level.

Friday, July 11, 2008

So far, in pre-open, the ES rebounding from the point where the median line meets support.

Wednesday, July 09, 2008

Tuesday, July 08, 2008

Once again, what used to be support, now became resistance:


It can't be seen on the September futures, but if the 07.07.08 low fails, next support is around 1220.

Thursday, July 03, 2008

For the long and festive week-end, let's listen to the story oil wants to tell:


A look at ES support/resistance levels before the open,



and a quick update of the June 25th comparative chart:


Wednesday, July 02, 2008

Back at the "scene of the crime", or the "Moment of Truth" for the SPX,



and, filling the gaps for the Q's,




while free fallin' for the Dow


Tuesday, July 01, 2008

Hitting both a support/resistance line and angle.


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