Comments on: Potential Upside Reversal http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/ Sat, 31 Jul 2010 03:39:40 +0000 http://wordpress.org/?v=2.1 By: Jeff http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-259 Jeff Tue, 03 Nov 2009 00:51:29 +0000 http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-259 John, You sure called it on AMZN - thanks for that one. I'm not predicting it, but to me the SPX is setting up for a perfect head-and-shoulders. What's different this time from the last bull flags is the low, which almost matches perfectly the low on 10/2. I guess only tomorrow will tell. Jeff John,
You sure called it on AMZN - thanks for that one. I’m not predicting it, but to me the SPX is setting up for a perfect head-and-shoulders. What’s different this time from the last bull flags is the low, which almost matches perfectly the low on 10/2. I guess only tomorrow will tell.
Jeff

]]> By: John Brasher http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-262 John Brasher Tue, 03 Nov 2009 03:26:14 +0000 http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-262 Thanks Jeff, What you say about the low last week is true of COMPX and NDX, but the DOW and SPX showed a bit more strength. The SPX difference low-to-low was 10 points, which would equate to about 100 on the DOW. The DOW low-to-low was 238 points, however, a decent difference, indicating a bit more strength in the largest companies. In a pinch, the tech indexes seem to be weaker than industrials. Look at November 2008 for an eye-opening comparison. I don't think this uptrend has much farther to go, without a correction or consolidation, but another bite at the apple before then would seem possible. JB Thanks Jeff,

What you say about the low last week is true of COMPX and NDX, but the DOW and SPX showed a bit more strength. The SPX difference low-to-low was 10 points, which would equate to about 100 on the DOW. The DOW low-to-low was 238 points, however, a decent difference, indicating a bit more strength in the largest companies. In a pinch, the tech indexes seem to be weaker than industrials. Look at November 2008 for an eye-opening comparison.

I don’t think this uptrend has much farther to go, without a correction or consolidation, but another bite at the apple before then would seem possible.
JB

]]> By: Dave http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-265 Dave Tue, 03 Nov 2009 18:29:55 +0000 http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-265 Thanks for the analysis John. Will you send an update later today or this week when you see confirmation one way or the other? Dave Thanks for the analysis John. Will you send an update later today or this week when you see confirmation one way or the other?

Dave

]]> By: John Brasher http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-266 John Brasher Tue, 03 Nov 2009 19:00:15 +0000 http://www.callwriter.com/blog/2009/11/02/potential-upside-reversal/#comment-266 Hi Dave, Yes, I intend to, but I will mostly be out of the office on Friday heading for the seminar. JB Hi Dave,
Yes, I intend to, but I will mostly be out of the office on Friday heading for the seminar.
JB

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