xjo technical, page-3

Wayward
There is a lot to be said for simple charts

Dow has been in an uptrend for some time now

Someone also pouter out the tran

The other indicator which surprised me on the weekend is the hgx which is the us housing indicator. It has finally turned up.

When you add the good NFP data you have a solid basis for saying the us may continue up

The spx is a worry but the 1200 level held and we now have the bounce to mid channel

Needs to push up and through before turn bullish

Add the presidential cycle

Add the sse which also finally turned greed on the daily and there is hope yet

The 2 I dictators which the us needed to improve during the 2009 recovery were employment and housing. It is finally happening. Just need to confirm on the weekly

The other point I think you made last week where the volatility was corrective rather than impulsive

Also add your point on the vix which gave another clue when it did not rise this week


I will be interested in pauleys count for the xjo if us does hold from here

I hate blogging and really wanted to say appreciated your work and Dow has remained in an uptrend which you were one of the few to point out

Stick to your analysis and your guns. Gap up today and may see normal chrissie light volume without the blatant manipulation of the traders

Other factor is yuan appreciation and benefit to Dow to trade their way out of trouble over time

At end of day us remains the worlds biggest economy. If they recover then we all do. Weekly charts will show the next step

Hgx worth a look. It surprised me.

If not long suggest wait
If you are long then well done
If you were short last night then suggest look at weekly spx and djia