Dow

[Hoop]

Hate to say it, the worm has turned.

US$ in real trouble, DOW to take a hit.

Don't Agree Peitro.

End of uptrend of the US$ is no12 in my list of 23 indicators I used to signal a possible bottoming out of Equities (end of bear)cycle and the beginings of a new Bull cycle. (see #177 10th Feb post in Investing strategies and secular bear markets)
My post in February showed many indicators hadn't signaled back then including the all important never yet failed copper indicator.

However all 23 have signaled now, one of the last being US$ which turned (broke its uptrend) at the end of March 2009.

A fall in the country's currency is part of the economic cycle process..and not necessary a bad thing, it shows the economic cycle is progressing through its recessionary phase towards the next phase (recovery).

Usually a bullish sign for Equities...eg DOW

[ananda77]

...SPX 500:

-double top *930 (8th. May)
-peak *920 (20th. May)
-now puffing in an attempt to bounce back to take out 20th May close *903 -unsuccessful so far as the week closed in negative territory-
-more downside most likely however, if by any chance *920 decisively taken out
> SPX 500 *944/*967 (+) for a start

Trading Strategy: side line (safest) hedge: short with upside stop

(there is no guarantee and strategies are just ideas)

Kind Regards

[winner69]

If Phaedrus did a video probably better than this one ''' interesting how a double top can turn into a sad face wth a few quick brush strokes

http://broadcast.ino.com/education/s.../?campaignid=3

[winner69]

This chart has the PE for the S&P skyrocketing of the chart

http://www.chartoftheday.com/20090522.htm?T


....... because earnings have collapsed

http://www.chartoftheday.com/20090515.htm

[Halebop]

Thanks for the posts W69. Food for thought on the earnings front...

[Hoop]

Another spin on the S&P 500 charting showing 878.94 as a key point. It has be noticed that the S&P500 market has a cyclic wave with an average of 17 weeks between bottoms. We are presently in week 12. It is feeling from the Chartist that if the 878 level is breached it will begin the wave down to a possible Fibonacci 61.8% level of 768? before it starts to wave up again.

http://broadcast.ino.com/education/sp_500_17week_cycle/

From all the posts presented on this thread lately it seems there is a common consensus that this present rally in the US Equity markets may be over.

This period coming up may define whether we are still in a bear market or that we are in a young bull market.

[ananda77]

From all the posts presented on this thread lately it seems there is a common consensus that this present rally in the US Equity markets may be over.

...can not see much evidence of that, but after the double top in the SPX and Dow now and if *875 falls, trading needs to happen on the assumption that yes, the rally may be over and the next down leg may have indeed started, although this scenario is the least likely amongst others. A more likely scenario is that the market is going for a correction on a shallow or deeper level before hitting 'GO' for SPX 500 target *1000 (+).

Long Term: !!!!BE ACUTELY AWARE OF THE BEAR!!!!

Kind Regards

[peat]

S+P 500
long with pretty tight stop

[miner]

Give you butterflies trades like that.

Cheers
Miner

[Dr_Who]

US market close last night.