A few comments about mark-to-market
Edward Harrison
http://www.rgemonitor.com/us-monitor...mark-to-market
The Mark-to-Market Myth
James Kwak
http://www.rgemonitor.com/us-monitor...to-market_myth
Kind Regards
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A few comments about mark-to-market
Edward Harrison
http://www.rgemonitor.com/us-monitor...mark-to-market
The Mark-to-Market Myth
James Kwak
http://www.rgemonitor.com/us-monitor...to-market_myth
Kind Regards
Ichimoku Cloud
Cant remember who was looking for graph on this. I found this yesterday and may be a better one for you
http://stockcharts.com/h-sc/ui
Look under 'overlays' for Ichimoku Cloud
DJI code = $indu
SP500 = $spx
Thxs Lotto yes it was me ... posted it under the forex/DOW thread.
I'm still coming to grips with Ichimoku but it seems the DOW is nearly through the cloud which is the resistance part I think.
I've had my attentions on other matters at the moment and never replied back ..so if Peat reads this tread I thank him for posting the DOW chart. with explainations
...SPX500 *875 achieved and it's been a choppy struggle lately; further upside always a possibility but increasingly unlikely without a deeper correction; strong short term bearish divergences (momentum)
-first indication for a deeper correction > break of *836
-deeper correction testing *780/*760
-support most likely to hold with consequent rally to SPX500 *950 (minimum)/*1000/*1100
Trading Strategy: short *875 (stop to upside); 'trading equities': sold/selling
Long Term: BE AWARE OF THE BEAR (NO KIDDING)
Kind Regards
Note that since the bottom the DOW has broken up through and retested the 7500 line with respect (bullish) and is now fighting with the 3 bands of resistances within the 7900-8500 area. The DOW has broken upwards through one of those 3 resistance lines within this band (8000) and is in the process of breaking up through the second band (8120).
The 8000 line can now be considered a tentative support line now.
How strong this yellow band of resistances can be assessed by the trouble the DOW had in breaking downwards from Oct to Feb towards the bottom (note: in hindsight the 20 Nov "old bottom" resembles a bear trap look about it now)
I added the Coppock indicator for academic purposes only.
http://i458.photobucket.com/albums/q...OW16042009.png
Talk about volatile market. The Dow bounced around the entire day.
Hoop
See my post in the Buttefly Gartley thread in the Forex Forum.
http://www.sharetrader.co.nz/showpos...&postcount=241
I have a funny feeling the Dow may surprise everyone on the upside.
Its been trying to breach the 8k mark and fail on many occasions with a bias for an uptrend.
-U.S. new home sales fell 0.6% to 356k in Mar, above median 340k vs rev'd 358k
-U.S. durable goods orders sank 0.8% in Mar, above median vs 2.1% in Feb
...SPX 500 rally chop continues to the upside, based on 'better then expected' bla...bla...bla... and most likely misleading and semi-fraudulent earnings reports from distressed financial companies
...SPX500 upside stop *875; neutral to bullish *875+ (equity bubble may develop)
Trading Strategy: selling kitchensinks into this rally
Kind Regards