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jjhart52
Posted : Wednesday, August 6, 2008 8:27:20 PM

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Joined: 12/19/2004
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jjhart52
Posted : Wednesday, August 6, 2008 8:29:59 PM

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Joined: 12/19/2004
Posts: 108
Look at the Nasdaq Composite shaping up nicely. a W shape is forming. More importantly take a look at TSV and Moneystream Both looking good with TSV breaking through its Moving Average. Also look at the support level of 200 for the bottom of the W shape.
jjhart52
Posted : Wednesday, August 6, 2008 8:33:49 PM

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The rally in the 2nd Quarter could of lasted as TSV and Moneystream were negative as price went up. However this time around look how TSV and Moneystream favor Price.

I think an upward trend could happen here.

Any inputs?
BigBlock
Posted : Wednesday, August 6, 2008 8:52:32 PM
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Joined: 10/7/2004
Posts: 2,126
Don't get any dilusional ideas.  Like I said this may last
until the end of the elections.  Then is back to reality.
Remember - nothing has been fixe fundamentally 
and the government as well as the fed are running
out of tricks.
The patch on the banking system is barely enought
to cover the holes at their knees.
I am guessing the next hole will star right on their asses.
The bears are salivating right now.  I know I am.
Ptolemy
Posted : Wednesday, August 6, 2008 9:19:19 PM
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Posts: 45
Nice chart Jihart52 we should at least see 2600 before a decision is needed. Enjoy the ride and make as much profits as you can during this time. Know one knows what the future will bring. The smarter ones prepare for all scenarios.

datigashields
Posted : Wednesday, August 6, 2008 11:30:05 PM
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Joined: 6/10/2008
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Normally I just lurk here, but I have been watching this index with great interest. IMHO, the NASDAQ must lead for the overall state of the market to be healthy. Here's hoping it completes and follows through
funnymony
Posted : Wednesday, August 6, 2008 11:48:26 PM

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Posts: 1,148
sure a double bottom, then run a back to 5000, right?
jjhart52
Posted : Thursday, August 7, 2008 9:11:33 AM

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BigBlock~


Nothing dilusional about the Market. how I call patters when I see them. How long it last? That will be determine by many factors. If sectors tend to lead the economy out of recessions, in my opinion it generally starts with Technology Sectors to lead the change. 


Ptolemy~

I agree as some decision with be neeeded as it approaches the 2600 mark. So far the charts are the supporting the movement.

Funnymony~

I don't really think we will see the 5000 mark any time soon. There will never be another rally like the one in the "Dot.Com" era. However I am optismistic that a short term rally is foreseable.
funnymony
Posted : Thursday, August 7, 2008 10:08:56 AM

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Joined: 2/5/2006
Posts: 1,148
at this point, that potential doublebottom, could morph into just about anything.

volume seems a little light on this leg up as well.
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