This Week in Stocks: 8/11 - 8/17/07

[clester]

S&P 1375 is approaching fast. Thats the March lows. Not much support after that. I would expect at least a little bounce there.

 

[DoughBoy]

As Kramer( on Sienfeld) once said, "I'm Out!!"I know I'm capitulating and there will be a bounce this week. But, watching the overseas markets react last night made me think we ain't seen nothin yet.
As of this morning I was still up 6.95%. I'm taking my Doughball and catching a ride on the G Train!
I'm toast, Dough Boy
GL to everyone!

 

[poolman]

Sorry for the error from previous post, wrong chart..

Thanks for the chart. I could only find a chart that would go back 3 1/2 years.

We hit a high on the vix of 35 today. It's getting close to that 40 range, about 33 now. I don't see capitulation today.

Wall street wants more information from the banking sector and unfortunately that won't be for another 2 weeks.

I still say we could easily see 12000 on the dow and that could happen very soon. I don't see a rally today. JMO

 

[Show-me]

I feel like I have been kicked.........................hard.

 

[Show-me]

After today I'm afraid "Joe Six Pack" will begin to notice.

 

[James48843]

Where stocks are headed:​

 

[vectorman]

After today I'm afraid "Joe Six Pack" will begin to notice.

Hang in there Show-me, we have been through this before, but not to this extreme in a long time. We want "Joe Six Pack" to notice so we can get the bottoming process going. My brief listening to CNBC today, had them reading e-mails from "Joe Six Pack" viewers who are selling or just plain scared to death. So that tells me a temp bottom may be in the works. We may be lower next month, but now the Bulls are about to put up a fight.

If we can't finish in the green, it would very encouraging to have the VIX close near 32 and the 10yr T move back up toward 4.64.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=VIX

http://finance.yahoo.com/q?s=^TNX

 

[Rod]

This is that "system flush" we have been anticipating for quite some time.

I liken it to the Energizer Bunny having diarrhea... it keeps going and going!

 

[poolman]

It's definately taking many people out.

http://i132.photobucket.com/albums/q5/the_real_spaz/mutanttrain.gif

 

[weatherweenie]

sp500 back over 1400

 

[350zCommTech]

Jim Cramer continues to pump CFC.

Why are people so stupid? Don't they realize what is going on? He is pumping CFC while his buddy, Mozila is cashing out....:laugh:

 

[vectorman]

Alot of volume in the Dow today. Its what we want to see in a capitulation. Necessary pain, to bring the buyers back.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=DJIA

 

[bkrownd]

I love low prices.

 

[weatherweenie]

Holy whiplash batman!

The sp500 is positive on the day

 

[vectorman]

Priceless But we're far from being out of the woods. Just noticed that the futures are down. Tomorrow will be another fight to keep the market up.


View attachment 1925

The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend reversal, hammers can mark bottoms or support levels. After a decline, hammers signal a bullish revival. The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note. While this may seem enough to act on, hammers require further bullish confirmation. The low of the hammer shows that plenty of sellers remain. Further buying pressure, and preferably on expanding volume, is needed before acting. Such confirmation could come from a gap up or long white candlestick. Hammers are similar to selling climaxes, and heavy volume can serve to reinforce the validity of the reversal.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

Dow volume finish at 454,360,172



http://www.tsptalk.com/mb/showpost.php?p=110040&postcount=58

 

[Spaf]

The Periodic Lilly Pond Report
Aug 16, 2007
by Spaf for the Tadpole Savings Pond​

The Frog Report, Doodles, The Lilly Pad, Tea Leaves, and Le Chart.

The Frog Report:
Croak.............................................The Dow recovers from about a 340 point drop, however commodities were in a sell off!. S&P moving averages did not have a clear signal, but the Bollinger bands kept a large width, signaling high volatility. The Stochastics oscillator was registering bearish with %K still below %D, and below 20 indicatating that it was oversold (at 12.52).

On a daily note SPX had a dragonfly candlestick. The long tail indicated that it had found support around 1410. Hopefully, a reversal to the down trend, but not yet to be taken as a clear indicator or confirmation.

Doodles:
$SPX....1411.27 +04.57 for the day.....00000...........00000
Stops.............................................Alert (-1%)....Trail (-2%)

The Lilly Pad
Location..........................................100% G-fund.

Tea Leaves:
Leaves............................................Capital Preservation.

 

[clester]

Nice reversal off 1370 support. That might be the bottom. Will will have to retest? Maybe a few days up first?

 

[Bullitt]

It's gonna take some big news to break out for the market continue it's onward march towards the highs. Until then, however, a positive convergence in MACD coupled with today's awesome volume upside are strong positives for the trading days ahead. I think we'll notice it all coming into play more as next week progresses. The buyers were in control today.

 

[dell]

If all is not lost, where is it?

Dell

 

[Mike]

I just love how we went month after month with little volatility, and now we're seeing these wild gyrations on pretty much a daily basis.