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woah...  Kinky.. 

iPunter Elite	Posted: 05-Jun-2007 22:08
x 0 x 0	Possibly a down day for the STI too tomorrow (Wed)... The full moon is just passed... waxing now.

 

 

Dow was down... -80pts at the close...

May affect the STI today, together with the waning moon phase.

 

[corrected] 

Possibly a down day for the STI too tomorrow (Wed)...

The full moon is just passed... waning now. 

 

Possibly a down day for the STI too tomorrow (Wed)...

The full moon is just passed... waxing now. 

 

Today, on the evening of 5 June 2007,

the Dow has fallen 70 pts on opening.

 

Up till now the Dow has easily surpassed a record of high of 13,666.

And tonight, it's still rising...

I don't understand why it is so 'scary' for indexes to rise???

The index will continue to rise simply because of the correction in end Feb/early Mar.

 

Yup, doesn't looks good at all. Flying too far off the 20 days EMA. Divergence detected too.

 

i see the angle the dow is moving up i also scared. what goes up must come down and the way it move out. the dow can correct more than 10% easily and within days!

 

Dow is nicely up above 13500.  It must hold above this level on Monday to make it a good sign.

 

The Dow rose 79.81, or 0.59 percent, to 13,556.53. The blue chips set a new trading high of 13,558.48, having crossed 13,500 for the first time on Thursday. The Dow has risen in 30 of the last 36 sessions.

Broader stock indicators also advanced. The Standard & Poor's 500 index rose 10.00, or 0.66 percent, to 1,522.75, its highest level in more than six years. The index came within fewer than 5 points of its record close of 1,527.46, set in March 2000.

The Nasdaq composite index rose 19.07, or 0.75 percent, to 2,558.45.

 

With a strong record-breaking Dow Index closing so strongly on a weekend, it is a sign of underlying strength, especially if one looks at the period chart...

This is very positive for the markets...

 

Hope DOW can stay positive

 

Dow is up on open now. Whew!!

 

Dow rise slightly ... 3rd day in a row

The Dow Jones industrial average (up 14.71 to 13,120.21, Charts) ended the session slightly higher, with the blue-chip barometer duplicating last week's record run-up by closing at a record high for the third straight day.

The tech-laden Nasdaq composite (up 1.07 to 2,555.53, Charts) closed slightly higher, reaching its highest level in over 6 years. The broader S&P 500 (down 0.74 to 1,493.51, Charts) index closed slightly lower.


Oil prices climbed and gold prices rose... I think Oil prices rise affecting transport counter ...

 

Transport, Utilities and Composite are all in red. Better be cautious.

 

Another day... yet another firm Dow throughout last night's session...

Up +16pts... without intra-session big swings... :)

From now it is likely to be smallish corrections and further penetration of the record highs..

 

Indeed, 'true to form', the Dow rose +136 pts... making a new record high!

Thus making the case for a continued bull run even stronger... :)

 

 

[Error 2006 correcetd] 

Looking at the 2-year Dow chart, the May 2006 correction occurred after some 6-7 months of smooth rising.

This year, the difference is that a major  correction has already just taken place in Feb/Mar 2007. Thus the Dow should now head higher after having just shaken out the bears...

 

 

You squeeze the bird too tight it dies, you hold it loosely, the bird flys away. Like what Jim Cramer says sell 1/3 of the holdings "if you are sitting on a profit. "BooYa Jim"