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THE CHART ROOM


johnyholiday

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The SPY which is dividend adjusted {an other such events} ,has broke it's Neckline at 145 and retested ,a beautiful thing where the 2 candlesticks body's rested their bum's right at the 145 Neckline, took ~7 years, there are 6 Inverse Head an Shoulders formations within, with the 6'th one being into new high ground,the up move will be at least as big as the 7 year formation was in depth, measured from the Neckline ~ 145 to the bottom in 2002 at ~ 70 = 75 ,or it could move up 75 X 1.61803 times from the Neckline in a Fibonacci, AKA Golden Ratio, count up move ~$~ all disclaimers apply ~$~

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20th anniversary of the 1987 crash!!!, the memories of traders are about 16.2357 days long or so, and the media less[*-)].

When the crash took place, people immediately drew parallels to 1929, since that bear market began with similar one-day cataclysm, the 1987 crash was hardly a blip.

Indeed, the 2000-2002 bear market dwarfed what happened in 1987,but has no anniversary,because it was slow an boring,the dot-com wipeout of 2000. People are doing the exact same thing right this second, except it has a new name - [:o]China[:o] -. People never learn,this is an inflection point!! this is either a 7 year long, Inverse Head & Shoulders Bottom, or a Double Top,in the USA equities,when China breaks ,the USA melts up or melts down,previous charts show a melt up, the fullness of time will tell. ~$~ all disclaimers apply ~$~

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THE BIG PICTURE ~77 million American Baby Boomer's in a Mania[<:o)]!! an don't get in their way!! Mayhem[<:o)] an Mania[<:o)] is where the action is, just know when to jump out, at the top {red} regression line of the mother of all charts "THE BIG PICTURE" ~$~ all disclaimers apply ~$~ Q} what are the 2 red bars. A}the Twin Towers.

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LUMBER {LB} They make houses out of wood,it's all about wood,right now, another inflection point, if this pattern fails an price raises housings in the clear, if it succeeds an prices fall watch out down below ~$~ all disclaimers apply ~$~

Lumber (LB.FUT) - Oct 25, 2007. Close: 224.50 the lumber in your house is in trouble......nasty chart ..how's about a rate cut BB Bernanke,,,,,,ah if only the Big Muki Mucks had anti lock breaks, who ever was driving at the time, they wouldn't skids into such things,.......had to be done........"double clutch it BB lets blast around this one" thats johny talken at ya BB!!

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Crowd behavior,,,,the actions or reactions of an organism, usually in relation to the environment. ...

Shanghai is putting the NASDAQ and house bubbles to shame ,other current bubbles ,oil,gold, wheat,...an inversely the dollar...........note day of high, an start of raise,of each bubble, were will the next bubble be is the real question, an to be there first if so inclined, everything else is old news

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