Ord joined. Dick surprized at that kent Dick not a bad looking guy Dick except for moustash jim what is wrong with a stash? Dick looks shady billy joined. jim I kept mine from the 70's porn days Dick shows the real you jim it may Dick only place you can grow hair jim trye jim true Gary_Fullett welcome tim rd Gary_Fullett the chast for tim ords lecture is on the site folks Ord Hi Gary and everyone Dick hi Mr Ord Ord The Financails are showing some interests charts Ord Hi Dick Peter all indexers are at the low after the opening into resistance dm stash is a bit outdated. The "look" nowdays would be clean shaven or a gotee. Peter hi Tim Ord Hi Peter Dick well, jim shows his age dm goatee dm I would ask myself this question...When was the last time I saw a pres of the U.S. with a stash? Gary_Fullett so please get Tims charts and we cna begin Peter clearly we got stuffing on todays opening Ord Has everyone got the charts? warren yes Ord The first chart I won't to look at is the XLF on the weekly timeframe which is the Spdr for the financials Ord From the 2007 high, XLF went down in an Elliott Wave five count which ended at the March 2009 low. . joined. Ord on the way down a couple of "Rsing Wedges" formed, On in August 2007 and another in April 2008 Ord There are idenftied on the chart Ord Rising Wedges is an ABC up with decreaseing volume Ord Current the weekly XLF is drawing an ABC up with decreaseing volume. Ord The ABC up is on the last leg up the "C" leg Ord Don't have a price target to where the "C" will end but could hold up until next Friday. Ord a lot of the times if a market rallies into a holiday (labor day next weekend) the volume is light as traders trake off early for the holdiay Ord and light volume rallies are bearish Ord The bottom window is the weekly Full Stochastics and it is starting to bend over but has not crossed yet. Ord Next window up is the MACD with it historgarm. Ord MACD is still trending up but the Histogram is showing a negative divergence Houdini joined. Ord The pattern froming from the march low appears to be a Rising Wedge. Houdini left. Ord Rising wedge patterns have a downside target to where the pattern began which would be the March low. Ord The second chart is JPM, JP Morgan on the daily chart Ord of all the banks stocks I looked at this one appears to be drawing the best pattern Ord When JPM brobe above the May high is did not show an "SOS" sign of Strength. Volume was near 1/2 on the breakout compared to the May high and implies a false break to the upside. Ord The late August breakout above the early August breakout also came on lighter volume and implies a false breakout Ord The pattern froming from the March low is a text book "Rising Wedge" Ord The bottom window is the MACD and it has had a bearish crossover and is showing a bearish divergence Ord second window from bottom is the TRIX and it has rolled over Ord Third window from bottom is the bullish percent index and so far it has not had a bearish crossover Ord The top window is the RSI and it is also showing a bearish divergence Ord here is some astrology. At the March low Venus went retrgrade on March 10 and was a bullish sign Ord 9/7 Mercury goes retrogarde and should be a bearish sign Ord Market may hold up until next Friday Ord Most SPDR are drawing "Rising wedges" pattern Houdini joined. Ord ARe there any questions. Ord Thanks for having me on. rhonda Thanks Tim Ord Thanks you Peter thank you Tim, very compatible with what I'm seeing in my chart work Peter using different tools Ord Probaby have one more week holding up Peter today may have been the high in the nasd kent 78.24 dxu Ord Could be, Notice on the weekly chart on QQQQ that last week was a bearish Last Engulfing and the prior 3 weeks Doji were drawn Peter before todays open I mentioned the stock opening could see the stock market rallying into resistance & hit a wall rich left. herb joined. Ord Momentum for now is stll rising but showing beaish signs swetz joined. Ord Thanke everyone, got to go and see you next week Ord left.