griss is the moon nemisis..maybe im paranoid..

had the same thought Moonie but its gonna get paranoid if we think all new posters/names are griss.

So we wait for Waffle Made to Destroy threads (wmd's, best I could do) and let his ass get moderated.

Dolly, yer welcome here, its mainly bearish, with a tint of bullish reality when it gooos up, we like individual shares, sectors and indecies, fx on other thread.

We are here cos we got sick of thread wreckers seeking their entertainment, so excuse the tinge of paranoia

Yours Da Agency.

just cos you called me joe dolly..so you must know me

Is jjb sending out fx pivots Moony?

no i think hes away chiro

exactamont moon..first post i saw of dolly got me clicking the nae to see membership date.

So I continue to ignore all expt those i know. can't be arsed with the loser and lurkers anymore.

.

jeez you guys have been busy. Top of the afternoon to you all.

duplicated

no i would go along with more down insider..just cos everyone is looking to buy dips..they have been well trained these last 18 months

more down of course to complete the e wave and 5th on the daily chart 9550/70ish.

The major stock indexes continued their declines of last week, with all three major indexes, the Dow, S&P and NASDAQ, closing beneath their respective 200-day moving averages. The S&P also closed beneath the mid-channel of the parallel trend channel formed by the selloff from its March 5 high and beneath the 61.8% retracement of the rise from the May 12 low. We said Friday night that we wanted to press the bearish case coming into todays session and the markets decline accommodated our stance.




The same near-term bullish divergences we discussed in terms of breadth and ticks however, have not been resolved. Both NYSE and S&P 500 only breadth were slightly positive today, despite the down close in both the Dow and S&P. Likewise, NYSE ticks have so far failed to register a downside reading of greater than minus 1091, the kick-off reading to wave three down on July 1. And the daily charts of the Dow and S&P look like five wave declines from the late June highs. Finally, the high-beta indexes, such as the NASDAQ and its technology subcomponents, were stronger today on a relative and absolute basis, which suggests the decline from the late June highs may be in its latter stages. The combination of these near term technical factors suggests that a short term market low is fast approaching, which should mark the end of a five wave decline from the late June highs. This low should lead to an A-B-C rally to correct the selloff of the past three weeks.

The Dow and S&P both ended the day on a weak tone, so tomorrow mornings session will be important in helping us determine whether the five wave decline is complete or whether there remains a bit more selling pressure before the A-B-C rally starts. The above chart shows the subdivisions of the decline from the late June high in the S&P. The pattern is the same for the Dow. The best interpretation of the retreat is that at least one more down leg will unfold before wave (v) is complete. When finished, this leg lower should mark the bottom of Minute wave i (circled) down and lead directly to wave ii (circled) up. Based on internal wave relationships the S&P has support surrounding the 1091 level, though prices could move a bit lower (but we will look for signs of low near 1091). The equivalent support target for a bottom in the Dow is 9976-10,000. If these support levels are breached in any meaningful manner, selling pressure may become intense.

If the S&P pushes above the wave i of (v) low at any time, which is 1108, then the five wave decline from the June 25 will have already ended (Minute wave i (circled) down) and the A-B-C rally will be underway. The equivalent level in the Dow is 10,172. A push above there would indicate that Minute wave ii (circled) up was underway. The S&P would then be expected to rally into the 1115-1127 area, while the Dow should push up into the 10,225-10,325 area. We will narrow these ranges as we see the pattern development within wave ii (circled) and are able to make some Fibonacci-based wave projections. The rally, once it starts, should last at least a week.

what time does Ali G start gobbing off anyone?

7pm i think

Alan Greenspan Speaks! Tuesday - Jul 20, 2004

2:30 PM ET : Federal Reserve Chairman Alan Greenspan to present Fed's second monetary policy report to Congress for 2004, before the Senate Banking Committee, in Washington .

Speech Highlights: Federal Reserve Chairman Alan Greenspan is scheduled to present the second monetary policy report to Congress (the first was delivered in February). He addresses the Senate Banking Committee at 2:30 p.m. ET. Market players will nervously be watching whether or not the Fed chairman will reveal any new thoughts on the inflation outlook or the pace at which interest rates will be increased in upcoming months.



Sources: A special thanks to marketnews.com for providing the scheduling information for the speeches

Alan Greenspan Speaks! Tuesday - Jul 20, 2004

2:30 PM ET

I can't wait.......

me too he might drop dead if were lucky