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THE CHART ROOM


johnyholiday

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7.5 billion old oil money injection into C sitting on it's trend line,go figure,and they did ,11% yield{less taxes to C = ~7%} to Abu Dabi {junk bond yield area to raise capitol, could show weakness} , ~4.9% ownership,pre okayed by ranking congressman,throw the Grinch right out the window, and let Abu Dabi in, or visa versa ~$~ all disclaimers apply ~$~........Abu Dabi has a shopping list, banks ,hotels,home builders,and Dow stocks

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A bull market is a 20% rise that was preceded by a 20% decline. A bear market is a 20% decline that was preceded by a 20% rise,Shanghai 502% from 7/11/05 to 10/16/07 has ended using the standard 20% threshold,should be interesting, corrections, are short ,sharp ,an quick,were bear markets grind ~$~ all disclaimers apply ~$~

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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} has snapped back into a large rectangle formation, very interesting,the interest rate cuts in the pipe take 9 months or more,to show up in the economy,maybe their getting some early traction, in the futures lumber market already.....johny hears [:-*]>>>Europe's central bank is pumping in liquidity like no tomorrow ,so that its banks, saddled with the bulk of the worthless U.S. subprime paper won't sink, can a rate cute over seas be far behind!?>>bullish for the USA dollar ~$~ all disclaimers apply ~$~

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NYSE Composite (NYSE.NDX) - Nov 30, 2007. Close: 9 856.85 (+65.80).....looks like the Market is going to cycle, in a upward bias, inside a 12 month old rectangle until it breaks out, up or down, markets only trend ~30% of the time,~60% they cycle ~$~ all disclaimers apply ~$~......

do you know of a free candle volume charting service?

sure don't

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Old Point & Figure charts,{[O]before the silicon chip[O]}, they consist of columns of X's and O's that represent filtered price movements over time,Removes misleading effects of time from the analysis process,P&F charts do not show time in a linear fashion ,support and resistance levels are always horizontal lines, and trend lines always appear at 45° angles,X's represent increasing prices (AKA demand). O's represent decreasing prices (AKA supply).You can only have X's or O's in any one column, not both,Numbers and letters inside the chart itself indicate when a new month has begun, For instance, the number '2' shows where February started. The letters 'A', 'B', and 'C' are used to indicate October, November, and December.....using the cubed "Q's" aka (QQQQ) as proxy for the NASDAQ there is a Ascending Triple Top breakout in November of 2006 at the 42 price level, with an objective of 64 price level, and most important the Q's are up against a long term down trend line, which it will break, unless a new column is started with O's.......thats what you get when time is not linear, a very different view ~$~ all disclaimers apply ~$~

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