Date: Thu Jul 1, 2004 8:59 am
Subject: THE DEED IS DONE ...RATES RISE
Market Commentary: The market, DJ-30, closed +22 points Wednesday.
All Indexes closed up.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term up,
*****************
Current Outlook: Wednesday's market saw a soft opening that quickly rallied after the Greenspan Fed rate increase announcement. Hourly studies yesterday suggested the market would remain down to unchanged for the first several hours. Thursday's market suggests a hourly that is wanting to snap back down AFTER YESTERDAY'S GAINS. Daily the DJ-30 and all indexes are flashing a sell signal from our TSV FLATS. First DJ close support is 10,373 and 10,253, (failing the MOBO and the 20sma at 10373, on a close, would signal a market correction of longer term). … DJ-30 resistance 10,510
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing Momentum is to upside once again, with occasional pullbacks.
Sector/Industry Spotlight: MG776, , SHIPPING SECTOR SNAP BACK back to the, 20 AND POSSIBLE TEST OF THE 50 sma .
US DOLLAR The Dollar finally gave up on rally attempts.
GOLD: Broke thru the 50 sma and 200 sma last week. Should retrace back to the 50 sma. (It is resting on the 20 now.
Stock highlight list. no highlight list today.
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
Date: Fri Jul 2, 2004 8:32 am
Subject: Holiday Friday.
Market Commentary: The market, DJ-30, down -101 points Thursday. QQQ DOWN –70 at 37.04 COMPQX DOWN –32.24 at 2015.55 SP-500 down 11.90 at 1128.94 All Indexes closed up.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Medium term, up Short Term up,
*****************
Current Outlook: Thursday's market saw a soft opening that quickly dropped all day to 30% of its losses in the last hour. Hourly studies yesterday suggested the market would turn down, with the daily TSV Flat Waves giving daily sell signals. Friday's market suggests an hourly that is wanting to snap back down within 1 hour of open. Volume should be light in due to the three day weekend. Fed employment numbers should kick the market up or down for a few hours also.
First DJ close resistance is 10,376 and support 10,253
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24.. M.A.P. patterns are showing pullbacks to the 50 sma yesterday and today.
Sector/Industry Spotlight: MG832 failed the 50sma and the 200 .
US DOLLAR The Dollar should try a small up move today.
GOLD: Broke thru the 50 sma and 200 sma last week. Should retrace back to the 50 sma. (It is resting just above the 20 now.
Stock highlight list. PLNR CACS CRDN NFLD PQUE CAMP WHI. COLM
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes ………… Cincinnati Class coming in July, 17-18 ………… Friday meetings day before class, in the Seminar Bar at 6:30PM, all welcome, friends and family!
Seminars at Sea: Nov. to be announced.
Date: Fri Jul 2, 2004 1:12 pm
Subject: SNAP BACK CD'S are now avaliable !
I have finally got the SNAP BACK" cd's done and the beta feedback collected. We have inventory for immediate shipment! Go to www.wallstreetteachers.com under products for more information.
Happy Hollidays.
Date: Tue Jul 6, 2004 9:05 am
Subject: TEST THE 50 SMA DAY
Market Commentary: The market, DJ-30, closed down -51 points Friday.
.
DJ-30 closed at 10,282 SP-500 -3.56 at 1125 COMPQX -8.89 points at 2006 QQQ down -14 at 36.90
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: pullback for bounce up off the 50Sma's.
*****************
Current Outlook: Friday's market saw all the indexes moving Down as our indicators suggested. Monday's market suggests a weak Index open with a positive close over the opening prices. Targets of the 50 sma are close by for all the indexes.
DJ-30 support 10,224 and 10,200, resistance 10,395
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24. They are now in another M.A.P intermediate sell mode since the high, moving back t otest the 50 sma's of various indexes. Targets would be would be the 50 sma for pullbacks.
Sector/Industry Spotlight: MG834, holding the 500sma , abreak here spells big trouble. US DOLLAR The Dollar testing the June lows, should turn up with the markets. GOLD: Bounced off the 50sma Friday, in a trading range.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. BMC MUSE FHN
BULL KICKERS GSS DFIB GEMS MRVC INGN
BULL ENGULFING ABCX VASC AWGI
** prior signal
SNAP BACKS: PLNR OSUR EYE POZN EEFT LIFC MTSN RBAK VSEA CPHD VRSN GRMN PPC
DOWN MOVERS MAPS
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July.
Seminars at Sea: Nov. to be announced.
Date: Wed Jul 7, 2004 9:07 am
Subject: Failed 50 Sma tests
Market Commentary: The market, DJ-30, closed down -63 points Tuesday.
.
DJ-30 closed at 10,219 SP-500 -9.17 at 1116 COMPQX -43.23 points at 1963 QQQ down -87 at 36.03
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: pullback break of the 50 Sma's.
*****************
Current Outlook: Monday's market saw all the indexes moving Down to the 50 Sma and thru it . Tuesday's market suggests a weak Index open with a possible positive rally test of the 50 sma . Targets of the 50 sma are close by for all the indexes. The DJ-30 has major support at the 200 sma at 10,173
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24. They are now in another M.A.P intermediate sell mode since the high, moving back to test the 50 and break sma's of various indexes. Since we are below the 50 sma for all indexes targets would be would be the 50 sma for rallies..
Sector/Industry Spotlight: MG832, double bottom test today after failing the 50 last week. MG834, broke the 500 Sma . US DOLLAR The Dollar testing the June lows, any rally tests the 50 and 200 sma . GOLD: Bounced off the 50sma Friday, still in a trading range.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. ACH ULBI SIR GSS CK CTLM
BULL KICKERS RDWR CK IDBE
BULL ENGULFING LQMTE MCGC PEP WMT
** prior signal
SNAP BACKS: CTLM CALM CPHD PMACA
DOWN MOVERS CMOS LGND HILL
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July.
Seminars at Sea: Nov. to be announced.
Date: Thu Jul 8, 2004 9:13 am
Subject: Lance Wears Yellow, Can Markets Rally.
Market Commentary: The market, DJ-30, closed UP +46 points Wednesday.
.
DJ-30 closed at 10,242 All other Indexes closed up
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: pullback break of the 50 Sma's.
*****************
Current Outlook: Wednesday's market saw all the indexes moving Down on the open and rallying back up thru their 50 sma ( DJ) only to sell off at the close to remain below that important number at the close. Thursday it is most likely we still go down on the open and test the
200 sma. We should get a market bounce at that level reflecting the MAP pattern. Many buy Flat signals suggest rallies off of any market drops today. The DJ-30 has major support at the 200 sma at 10,176 QQQ's found the 200 sma yesterday and did it's bounce.
*************
Big Picture: DJ-30, and other major market indexes completed an intermediate MAP sell March 24. They are now in another M.A.P intermediate sell mode since the high, moving back to test the 50 and break sma's of various indexes. Since we are below the 50 sma for all indexes targets would be would be the 50 sma for rallies and 200 sm afor support.
Sector/Industry Spotlight: MG135, breaking out of the 50 sma area..
US DOLLAR The Dollar testing the June lows, rallies weak, any rally tests the
50 and 200 sma . GOLD: Bounced off the 50sma Friday, big up move and breakout, sector looking strong.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. GSS, second day. NEM EMN IGT
BULL KICKERS DROOY CORI KRY
BULL ENGULFING PPDI CBB ULTE
** prior signal
SNAP BACKS: DECK ABRX PLMO HAIN CGFW RNR OMG
DOWN MOVERS LFUS TBUS SPW
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July.
Seminars at Sea: Nov. to be announced.
Date: Fri Jul 9, 2004 9:08 am
Subject: DJ-30 Hits The 200 Sma Target.
Market Commentary: The market, DJ-30, closed DOWN -68 points Thursday.
.
DJ-30 closed at 10,171 All other Indexes closed Down.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: pullback break of the 50 Sma's.
*****************
Current Outlook: Thursday's market saw all the indexes moving up on the open and rallying back up thru their 50 sma ( DJ) again only to sell off at the close to remain below that important number at the close and finally test the 200 sma. Friday suggesting positive open. As the market is oversold. New earnings reports today will rock mkt up and down. Looking at the DJ-65 to possibly signal the bottom when it hits the
50 sma.
.
The next DJ-30 major support is at the 1000 sma at 9,737
*************
Big Picture: DJ-30, and other major market indexes are in an intermediate MAP sell. Since we are below the 50 sma for all indexes targets would be would be the 50 sma for rallies and 200 sm afor support.
Sector/Industry Spotlight:
US DOLLAR The Dollar testing the June lows, rallies weak, any rally tests the
50 and 200 sma . GOLD: Bounced off the 50sma Friday, big up move and breakout, sector looking strong. Profit taking today early is likely.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. CORI SYNC, MOBO, club pick earlier this week.
BULL KICKERS CORI KRY
BULL ENGULFING PPDI CBB ULTE
** prior signal
SNAP BACKS: ACR TSYS RIMM TASR
DOWN MOVERS LFUS TBUS SPW
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July.
Seminars at Sea: Nov. to be announced.
Date: Mon Jul 12, 2004 8:12 am
Subject: Stuck Between A Rock (200 sma) and a Hard Place (50 sma).
Market Commentary: The market, DJ-30, closed up +41 points Friday.
.
DJ-30 closed at 10,213 SP-500 +3.70 at 1112.81 COMPQX +11 points at 1946 QQQ down -5 at 35.75
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: down in MA.A.P. Wave pattern.
*****************
Current Outlook: Friday's market saw all the indexes moving up off the 200 Sma (DJ-
30)as our indicators suggested. Resistance Friday was the 50 sma for the third time in the last three days.
30 min DJ-30, QQQ, SP-500, COMPQX, have all failed the 50 sma and MOBO for the last 5 days. Intra-day rallies will nave to breakout of the 50 sma and MOBO. Monday's market suggests a weak Index open with another probable test of the 200 sma.. The Dj-30 hourly has yet to break out of, and stay above the MOBO for a buy signal. I am cautious being long anything for more than a couple of days in this market. Remaining heavily in cash.
DJ-30 support 10,166 and 10,100, MAJOR support 9743. Resistance
10,232, 10,278, 10,304.
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode. Targets would be would be the 50 sma for Rallies until we get price momentum back up.
Sector/Industry Spotlight: MG766,Security & Protective services.still in up trend. MG832, Semiconductor-Memory chips, below the 50 sma , rallies will test the 50 sma . MG821Multimedia, bull kicker.
US DOLLAR The Dollar testing the June lows and still in negative drift.
GOLD: Above the 50 sma and breaking above the $400, in a MOBO momentum move.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. AFCI, bounced off the 50 sma. FAF, same. STK , bull kicker over the 50 sma. GTCB, MOBO , 200 SMA target.
BULL KICKERS NETE, possible 50 sma move. DSCO HEPH AVX
BULL ENGULFING ARIA SYNA INFA MANH GWW SVU
** prior signal
SNAP BACKS UP: CRDN AGU DRS EP WMS LQI FAF
DOWN MOVERS GIVN AGN TBL DRIV
LESS THAN $2.00 BIOM
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July. One day joint class with Mark Mandell
Seminars at Sea: Nov. to be announced.
Date: Mon Jul 12, 2004 10:40 pm
Subject: DJ-30 BRACKET OF 50 AND 200 SMA SHOULD BREAK TODAY.
Market Commentary: The market, DJ-30, closed up +25 points Monday.
.
DJ-30 closed at 10,238 SP-500 +1.54 at 1114 COMPQX -9.4 ts at 1936.92 QQQ down -15 at 35.60
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: down in MA.A.P. Wave pattern.
*****************
Current Outlook: Monday's market saw all the DJ-30 retesting the 200 sma and bouncing again back up to, and in the last hour thru the 50 sma. as our indicators suggested. (Support Resistance). Q's and COMPQX were unable to rally. Tuesday's market suggests a weak Index open with another probable test of the 200 sma., but breaking hard this time. The Dj-30 hourly did break out of the MOBO, but immediately hit the
50 sma and failed giving TSV sell FLAT signals.
I am cautious being long anything for more than a couple of days in this market. Remaining heavily in cash.
DJ-30 support 10,185 and 10,162, MAJOR support 9743. Resistance
10,249, 10,330,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode. Sell Targets would be would be the 50 sma for Rallies until we get price momentum back up.
Sector/Industry Spotlight: MG844, telecommunications, gapped up Monday.
US DOLLAR The Dollar testing the June lows and still in negative drift with a positive day today.
GOLD: Above the 50 sma and bove the $400, in a sell day mode.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. HEPH *** FON, popped over the 50 sma and MOBO
BULL KICKERS WTSLA SBSA, also bounce off the 500 sma EMC DBD. Bounce off 50 sma also. LWAY , off the 50 sma . CZN AVN
BULL ENGULFING ODSY STN SSNC ASTM CDIC, off the 500 sma.
** prior signal
SNAP BACKS UP CANDIDATES: ULBI BMET SPN FRE SUN PTEK ELN
DOWN MOVERS WFR CGNX GLBCE AXCA PDII
LESS THAN $2.00 ONT, broke thru the 500 sma . ABP. Rebounding off the 500 sma. AND
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July. One day joint class with Mark Mandell
Seminars at Sea: Nov. to be announced.
Date: Tue Jul 13, 2004 8:18 am
Subject: Pre-Market Snap back up.
PRE MARKET MOVES Positive snap backs in Pre-market LWAY QCOM
Bull Kicker LU FCELL
MOBO breakout. HITK
DOWN MOVES RHAT
Date: Wed Jul 14, 2004 1:18 am
Subject: Selling pressure still prevails on markets
Market Commentary: The market, DJ-30, closed up +9 points Monday.
DJ-30 closed at 10,247 SP-500 +.79 at 1114 COMPQX -5.26 pts at 1931.66 QQQ down -5 at 35.55
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: down in M.A.P. Wave pattern.
*****************
Current Outlook: Tuesday's market saw all the DJ-30 retesting Monday's high and failing. The broader market of QQQ's and COMPQX saw new low closes for the month of JULY, and continued selling in the after markets.
Wednesday's market suggests a weak Index open, in light of the post market sell-off from the Intel earnings report. And I have a continued negative bias for the markets Wednesday. VIX is giving market sell signals and higher values. I will be now looking for any signs of a key reversal in the Indexes to the upside in the next several days. We currently have a longer term trend-line that is about 10,135.
Again, I am cautious being long anything for more than a couple of days in this market. Remaining heavily in cash.
DJ-30 support 10,189 and 10,162, MAJOR support 9743. Resistance
10,257, 10,330,
*************
Big Picture: Indexes are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG843, Processing Systems & Products., gapped up off the 50 sma.
US DOLLAR The Dollar had a positive day Tuesday as projected. Now back down Wednesday.
GOLD: Nailed the $6.00 drop in gold yesterday. A test of the $400 level and bounce would be OK in the long run.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. DUSA GTCB LPNT AMED IBC ITRI
BULL KICKERS CZR FMT CLZR WIN SATC
BULL ENGULFING ENDP ENMD MOGN ALDN QLTI ADRX
** prior signal
SNAP BACKS UP CANDIDATES: ULBI SFP (MOST GOLD STOCKS)
DOWN MOVERS CHRS SINA STT CLST
LESS THAN $2.00 MCHM, broke thru the 500 sma .
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club. M.A.P. points out market direction .
Two MAP's posted to Yahoo. Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July. One day joint class with Mark Mandell Denver 2 day class August 14-15 Austin 2 day Class August 7-8 Seminars at Sea: Nov. to be announced.
Date: Wed Jul 14, 2004 10:49 am
Subject: Buy signal Flashing for mkt
The DJ-30 hit the 200 sma this morning in the opening minutes and now as taken out yesterday's highs for a Long market buy signal.
Date: Thu Jul 15, 2004 8:48 am
Subject: Earnings And Options Expiration Keeps Mkt Off Ballance
Market Commentary: The market, DJ-30, closed Doen38 points Wednesday.
.
DJ-30 closed at 10,208 SP-500 -3.67 at 1111 COMPQX -16.8 pts at 1914.88 QQQ down -36 at 35.19
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: down in M.A.P. Wave pattern.
*****************
Current Outlook: Wednesday's market saw the DJ-30 retesting the 200 sma on the opening moments and a new high for the week/6days rally…… only to sell-off and have a minor bounce at the close. A tough day and a reflection of options expiration week. The broader market of QQQ's and COMPQX saw new low closes for the month of JULY. Their candle patterns of Doji's give some hope or a resolution to the down side. The Internal Market indicators are mixed for all markets. This often happens around the last day or two before Options Expiration. I am looking for a market drifting mostly positive most of the day. IBM reports after the mkt close tonight. Again, I am cautious being long anything for more than a couple of days in this market. Remaining heavily in cash.
DJ-30 support 10,172 and 10,187, MAJOR support 9743. Resistance
10,257, 10,330,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG831, Semiconductor-Broadline, coming down to the 500 sma support.
US DOLLAR The Dollar had a positive day Tuesday as projected. Now back down Wednesday and now Thursday.
GOLD: STILL COULD COME BACK AND TEST $400.00
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. PPDI, bounce off the 200 sma . LPNT FE KIND, look for the positive 50sma bounce.
BULL KICKERS ALA GTI CEF AEE JDSU
BULL ENGULFING
AAPL NBR WON PMTC SLXP OSIS KOMG KERX, bounce off the 200
** prior signal
SNAP BACKS UP CANDIDATES: NOC, off the 20 sma. PTY CAG
DOWN MOVERS DAL, broke the 50 sma SIGM, breaking the 50 and 500 JILL, BREAKING THE 50
LESS THAN $2.00 SIGA
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July. One day joint class with Mark Mandell Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
Denver 2 day class August 14-15 Hotel to be announced. Austin 2 day Class August 7-8 ….. Probably at the Red Lion. Seminars at Sea: Nov. to be announced.
Date: Fri Jul 16, 2004 12:06 am
Subject: Option expiration and Earnings ! Matches and Gasoline!
Market Commentary: The market, DJ-30, closed down -45 points Thursday. DJ-30 closed at 10,163
DJ-65, 20, and 15 all closed up.
SP-500 -4.78 at 1106 COMPQX -2.17 pts at 1912.71 QQQ down -12 at 35.07
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: down in M.A.P. Wave pattern.
*****************
Current Outlook: Thursday's market saw the DJ-30 retesting the 50 sma high in the morning and Monday's lows at the close. Much selling was in anticipation of IBM's earnings being negative, which turned out not to be. It was again another tough day and a reflection of options expiration week. Long positions were put on tonight in the post mkt futures and are currently rallying. The broader market of QQQ's and COMPQX saw new low closes for the month of JULY. Making market direction predications on option expiration day is a
50/50 proposition, however we do have some buy flats again showing in the internals of the mkt suggesting some positive movement. Again, I am cautious being long anything for more than a couple of days in this market. Remaining heavily in cash.
DJ-30 support 10,172 and 10,187, MAJOR support 9743. Resistance
10,257, 10,330,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets. Almost daily now!
Sector/Industry Spotlight: MG120, Energy, should see some profit taking now.
US DOLLAR The Dollar some weakness Friday GOLD: STILL COULD COME BACK AND TEST $400.00
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. OPTV, intra-day buy signal Thursday. MRVL, off the 50 sma. UNH OHP WIND, intra-day buy signal Thursday. COSI
BULL KICKERS CY MANU TMWD PMCS, needs to break the 500 sma. LYO ZRAN MCH VECO PNX PKS
BULL ENGULFING SNCI HIBB SGR RX ENTU RAE ZBRA SNWL PDQ NPSP LPX MFE
** prior signal
SNAP BACKS UP CANDIDATES: LI CORI CKFR PGH CLE
DOWN MOVERS RSTO CME EDS XYBR
LESS THAN $2.00 LOUD ABCX CYTR
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes CINNCINATTI INFO AT WWW.WALLSTREETTEACHERS.COM
Denver coming last week of July. One day joint class with Mark Mandell FREE CD's o the first 25 attendees! Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
Denver 2 day class August 14-15 Hotel to be announced. Austin 2 day Class August 7-8 ….. Probably at the Red Lion. Seminars at Sea: Nov. to be announced.
Date: Tue Jul 20, 2004 8:52 am
Subject: STRETCHING THE RUBBERBAND.
Market Commentary: The market, DJ-30, closed down -45 points Monday. DJ-30 closed at 10,94
DJ-20, and COMPQX, all closed up.
SP-500 and QQQ's down
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: down in M.A.P. Wave pattern.
*****************
Current Outlook: Monday's market saw the DJ-30 continuing down. DJ lows found support off the LR30-30 ( linear regression 30 day , with 3 standard deviations). Technical indicators suggest a positive day today for the indexes. Long futures positions were again established overnight.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 10,063 and 10,000, MAJOR support 9739+++++. Resistance
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG411, Money center banks Bouncing off the 50 sma ..
US DOLLAR The Dollar seeing some positive movement today. GOLD: STILL COULD COME BACK AND TEST $400.00, and be down today.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. SYNC PSFT EDS SNA NVEC TUNE JAKK ORB NFS
BULL KICKERS SSNC MAT ABY HMT COX
BULL ENGULFING VERT INGS AWGI MESA ISLE WDC MVSN SFN
** prior signal
SNAP BACKS UP CANDIDATES: PSFT PIR TUES PPC CKFR ISRG
DOWN MOVERS JMPR GOLD NEM
LESS THAN $2.00
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July. One day 3-4 HOUR joint class with Mark Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
Denver 2 day class August 14-15 Hotel to be announced TODAY Austin 2 day Class August 7-8 ….. Probably at the Red Lion. HOTEL TO BE ANNOUNCED TODAY Seminars at Sea: Nov. to be announced.
Date: Wed Jul 21, 2004 8:21 am
Subject: Can Greenspan Crush The Market Rally.
Market Commentary: The market, DJ-30, closed up +55 points Tuesday. DJ-30 closed at 10,149
All financial Indexes closed up, all closed up.
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: M.A.P. Wave pattern to retrace back to major averages.
*****************
Current Outlook: Tuesday's market saw the DJ-30 reverse and close up with bullish engulfing candles as our technicals projected. DJ lows Monday, found support off the LR 30-30 ( linear regression
30 day , with 3 standard deviations). Technical indicators suggest a positive morning for the indexes, however some storm clouds are hanging over the market for the afternoon with Greenspan being the focus.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 10,063 and 10,000, MAJOR support 9739+++++. Resistance
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG850, Internet, Bouncing off the 200 sma target the 50 sma .
US DOLLAR The Dollar seeing some positive movement AGAIN today. Targets 87.12 and 89.30's GOLD: Testing $400.00, and lower as projected..
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. ABI SANM CCMP OPTV, intra-day alert to this mover yesterday. LWAY bounce off the 50 and 200 sma . LLTC, should pop thru the 50 sma . WIND , intra-day alert to this mover yesterday, target the 50 sma. ILA, 50 sma breakout. XMSR, bounce off the 50 and 200 DFIB, bouncing off the 50 sma,
BULL KICKERS SSNC yesterday's pick +20% BRLI LTON, target the 50 sma . GLW ABTL DCEL VIGN KOPN
BULL ENGULFING AKAM SCLN ASIA, INTRA-DAY CALL YESTERDAY CHINA, INTRA-DAY CALL YESTERDAY NTAP PHTN ASTSF
** prior signal
SNAP BACKS UP CANDIDATES: CKFR ISRG, SECOND DAY DOX VTIV ATVI HCA CMI WLP
DOWN MOVERS CRZO BER ENH
LESS THAN $2.00 CCUR TMTA
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July. One day 3-4 HOUR joint class with Mark Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
Denver 2 day class August 14-15 Hotel to be announced TODAY Austin 2 day Class August 7-8 ….. Probably at the Red Lion Seminars at Sea: Nov. to be announced.
Date: Wed Jul 21, 2004 12:18 pm
Subject: Markets Follow Morning Script
Mid Day Update: The DJ-30 and major market Indexs ran up to, and slightly thru resistance in the opening 2 hours. Then it corrected 40 points on the Greenspan day two talk in front of congress as projected in the daily e-mail.
This pattern today is a M.A.P. pattern on the daily and intra-day.
Gold has done the expected pullback to and thru the $400.00 while the US Dollar targets the 50 sma for an up move .
Date: Thu Jul 22, 2004 8:44 am
Subject: Markets Falling Off The Weekly 50 Sma's
Market Commentary: The market, DJ-30, closed down -162 points Wednesday. DJ-30 closed at 10,046.
All financial Indexes closed down with large losses.
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: M.A.P. Wave pattern to retrace back to major averages and failed Wednesday.
*****************
Current Outlook: Wednesday's market saw the DJ-30 rally to the 50 and 200 sma and fail, our posted concerns from Tuesday. Our mid day warning e-mail about this MAP negative pattern, gave plenty of time to get short and to close out positions. This market break now has broken daily and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at
10,049. This now projects new lows for the markets until they can again climb above the daily 50 and 200 sma's
Again, I am cautious being long anything for more than a day or two in this bear market move remaining heavily in cash.<< DJ-30 support 10,000 and MAJOR support >>>>>9738<<<<< Resistance
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets. (Yesterday a good `sell' the 50/200 rally failure example)
Sector/Industry Spotlight: Nothing looking particularly interesting.
US DOLLAR The Dollar should see some selling from the foreign investors that watched the US markets get trashed yesterday.
GOLD, Should see a minor bounce from US. Dollar movement down.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. RBAK KEA WBR IDSA, needs to pop the 50 today.
BULL KICKERS INGN HUF BGC
BULL ENGULFING PBCT WYNN
** prior signal
SNAP BACKS UP CANDIDATES: MCIP PKX MMPT WLP ATH
DOWN MOVERS VICR VITA OI CK
LESS THAN $2.00 SIGA, should snap back up off the 50 sma. AVN MWAV
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July. One day 3-4 HOUR joint class with Mark Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
Denver 2 day class August 14-15
Seminars at Sea: Nov. to be announced. Some very special guests!
Date: Fri Jul 23, 2004 9:11 am
Subject: BOUNCING DROPPING MARKET
Market Commentary: The market, DJ-30, closed up 4pts points Thursday. DJ-30 closed at 10,050.
All financial Indexes closed up with the exception of the Russell
2000.
************************* M.A.P. Overall Outlook.1 Long term, still bull mkt. Short Term: M.A.P. Wave pattern down until we close over the 50 and
200 sma.
*****************
Current Outlook: Thursday's market saw the DJ-30 drop 100 pts only to rally late afternoon to 4 ticks above unchanged. The market remains in a downtrend with rally closes as high as 10,100 without breaking our MOBO down channel. Internal advanced decline numbers remained negative.
This market break now has broken daily, and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at 10,049. This now projects new lows for the markets until they can again climb above the daily
50 and 200 sma's.
Again, I am cautious being long anything for more than a day or two in this bear market move remaining heavily in cash.<< DJ-30 support 10,000 and MAJOR support >>>>>9738<<<<< Resistance
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets. (Wednesday was a good `sell' the 50/200 rally example). I view all rallies as bounces in a down mkt at this point.
Sector/Industry Spotlight: Nothing looking particularly interesting.
US DOLLAR USD is now within reach of the 50 sma.
GOLD, Almost back down to the 50 sma . Should hit soon.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. LRCX TLAB QCOM CVD ISSX AETH
BULL KICKERS BEAV BVF MSPD SWKS ASX
BULL ENGULFING SINA ZHNE TLAB ILMN PLXS
** prior signal
SNAP BACKS UP CANDIDATES: DUK DVA OHP ATH SAXN ZION HUG
DOWN MOVERS CDI ERES HEPH CSGS TRIB
LESS THAN $2.00
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July. One day 3-4 HOUR joint class with Mark Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
DENVER ADVANCED 2 DA Y SEMINAR, AUGUST 14 -15
SEMINARS AT SEA: Nov. to be announced. Some very special guests!
Date: Fri Jul 23, 2004 12:33 pm
Subject: Time and Date for Denver
Sorry for not giving the time and date, here it is ...be sure and make a reservation. I expect the good seats to go quickly!
Denver coming last week of July, Sat 31 at 10AM. One day 3-4 HOUR joint class with Marc Mandell. FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
To register CONTACT: Wall Street Radio.Net, Inc.
4940 Pearl East Circle, Suite 204 Boulder, CO 80301
phone: (800) 565-1855 phone: (303) 442-6075 fax: (303) 442-6069 e-mail: info@w...
Date: Mon Jul 26, 2004 8:33 am
Subject: Buy Signals, Bull or Just a Bounce ?
Market Commentary: The market, DJ-30, closed down 88 points Friday. DJ-30 closed at 10,050.
All financial Indexes closed down.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: M.A.P. Wave pattern down until we close over the 50 and
200 sma.
*****************
Current Outlook: Friday's 's market saw the DJ-30 drop to new lows for July! As we posted from the market technicals from Thursday. I am expecting a market bounce and positive close for the next 4 days.
Monday is suggesting an up day with positive buy flats. Several multiple time periods are giving buy Flats. Any DJ–30 move below 9900 Monday would most likely see a strong rally. Any rally still maintains a downward trend unless we can close above the 10,310 levels Any positive rally can and should reverse and make newer lows this may take all week to work thru it.
This market break now has broken daily, and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at 10,049. This now projects new lows for the markets until they can again climb above the daily
50 and 200 sma's.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 10,000 and MAJOR support >>>>>9738<<<<< Resistance
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG845, gapped above the 50 Friday with a three month base. US DOLLAR USD hit the 50 sma it should remain at or below it now for a day or so.
GOLD, Broke the 50 sma . A rally should be back to the 50 sma . SSRI should bounce here , silver stock.<
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. TGT LNCR CPWM FCEL, harami, good to the 20 sma , possibly the 50. MWY, again GRA
BULL KICKERS SFLK TRSA STEM
BULL ENGULFING LSCP LWAY AFCO TRDO GTK PNX WYNN GD RE AIG DD
** prior signal
SNAP BACKS UP CANDIDATES: SNDK CVH OHP SONC RI WB SWFT WMT YELL
DOWN MOVERS market oversold rally should raise most stocks.
LESS THAN $2.00 ASTM
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July 31 at 10 AM. One day 3-4 HOUR joint class with Marc Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
DENVER ADVANCED 2 DA Y SEMINAR, AUGUST 14 -15
SEMINARS AT SEA: Nov. to be announced. Some very special guests!
All details at www.wallstreetteachers.com
Date: Tue Jul 27, 2004 8:18 am
Subject: Coutniued Upward Move Attempts Today.
Market Commentary: The market, DJ-30, unchanged Monday.. DJ-30 closed at 9962.
All financial Indexes closed slightly lower.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: M.A.P. Wave pattern down until we close over the 50 and
200 sma.
*****************
Current Outlook: Monday 's market saw the DJ-30 drop to new lows for July then rally back to close unchanged as our technical indicators suggested. I am expecting a positive close for the next 3 days.
Tuesday is suggesting an up day with positive buy flats.
Any DJ–30 move below 9900 would most likely see a strong rally. Any rally still maintains a downward trend unless we can close above the 10,310 levels Any positive rally can and should reverse and make newer lows this may take all week to work thru it.
This market break now has broken daily, and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at 10,049. This now projects new lows for the markets until they can again climb above the daily
50 and 200 sma's.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 9900 and MAJOR support >>>>>9738<<<<< Resistance ,
10,000, 10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG845, gapped above the 50 Friday with a three month base and continued up Monday wit hthe 2nd best sector in the markets. This also pushed VZ and SBC , intra-day calls Friday to positive closes.
US DOLLAR Monday's call "USD hit the 50 sma it should remain at or below it now for a day or so." Could not get much closer ! Dollar needs to pop over the 50 sma to continue higher.
GOLD, Broke the 50 sma . A rally should be back to the 50 sma and above it today.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. MMSI PCAR AMGN UNH *** OPH *** FNM TTWO
BULL KICKERS T DFIB KOOL CTSH SGR
BULL ENGULFING CDIC BLDP BVN PBCT HANS CEN CTXS
** prior signal
SNAP BACKS UP CANDIDATES: SSNC MCK SNP AWE ABFS HUM INF SONC
DOWN MOVERS CNX RRI XYBR TUNE
LESS THAN $2.00 RGEN
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July 31 at 10 AM. One day 3-4 HOUR joint class with Marc Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
DENVER ADVANCED 2 DA Y SEMINAR, AUGUST 14 -15
SEMINARS AT SEA: Nov. to be announced. Some very special guests!
All details at www.wallstreetteachers.com
Date: Wed Jul 28, 2004 9:15 am
Subject: SHORTS SUPRIZED YESTERDAY, NOW WHAT
Market Commentary: The market, DJ-30 closed up 123 points Tuesday. DJ-30 closed at 10085
All financial Indexes closed slightly lower.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: M.A.P. Wave pattern bounce off SP-500 and DJ-65 support levels.
*****************
Current Outlook: Tuesday's market saw the DJ-30 rally up above the 10,000 level on technical system buy flat signals for a second positive day.
Wednesday will see weakness in the morning with resistance for the DJ-30 up at the 50 and 200 sma.
Any rally still maintains a downward trend unless we can close above the 10,310 levels Any positive rally can and should reverse and make newer lows this may take all week to work thru it.
This market break now has broken daily, and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at 10,215. This now projects new lows for the markets until they can again climb above the daily
50 and 200 sma's.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 9900 and MAJOR support >>>>>9738<<<<< Resistance ,
10,298, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG511, Drug manufactures, bouncing off the 500sma. Look for positive price confirmation.
US DOLLAR We are doing a MAP pattern on the USD and dragging the 50 sma. A breakout in either direction will set the flavor of the next good move.
GOLD, Broke below the 50 sma . A rally failed the 50 sma that suggests a lower move.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's , and then continue up. FLR IFLO TRMB PQUE FFIV VRTS
BULL KICKERS PENN BORL MYGN PARS MOSY CMGI
BULL ENGULFING PD PLCE NIHD PFCB PCO ZMH
** prior signal
SNAP BACKS UP CANDIDATES: ZRAN IDBE AWE POS
DOWN MOVERS WLL HNT ITIG
LESS THAN $2.00 CYTR
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July 31 at 10 AM. One day 3-4 HOUR joint class with Marc Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
DENVER ADVANCED 2 DA Y SEMINAR, AUGUST 14 –15 Time:, 8:30AM to 5:00PM Place: Embassy Suites Hotel Denver - Aurora
4444 N Havana, Denver, CO 80239 Tel: 1-303-375-0400 Fax: 1-303-371-4634
additional class details in http://www.wallstreetteachers.com
SEMINARS AT SEA: Nov. to be announced. Some very special guests!
All details at www.wallstreetteachers.com
Date: Thu Jul 29, 2004 9:01 am
Subject: RALLY REVERSAL ALERT
Market Commentary: The market, DJ-30 closed up 32 points Wednesday. DJ-30 closed at 10117
Financial Indexes, SP-500, DJ-65, DJ-20 closed HIGHER, except the QQQ and SMH., SOX.
************************* M.A.P. Overall Outlook. Long term, still bull mkt. Short Term: M.A.P. Wave pattern bounce off SP-500 and DJ-65 support levels.
*****************
Current Outlook: Wednesday's market saw the DJ-30 down below the 10,000 level in the morning and rally back to hit new highs for the session at the close per out market call yesterday.
Thursday's market will see follow thru from Wednesday in the morning with resistance for the DJ-30 up at the 50 and 200 sma . Sell "Flat" signals were found in many studies for today's market, so a new high reversal is possible today.
Any rally still maintains a downward trend unless we can close above the 10,310 levels Any positive rally can and should reverse and make newer lows this may take all week to work thru it.
This market break now has broken daily, and now weekly 50sma averages on NASD, QQQ, and the DJ-30's at 10,215. This now projects new lows for the markets until they can again climb above the daily
50 and 200 sma's and hold them.
Again, I am cautious being long anything for more than a couple of days in this bear market move remaining heavily in cash.<< DJ-30 support 9900 and MAJOR support >>>>>9738<<<<< Resistance ,
10,217-22, 10,471,
*************
Big Picture: DJ-30, are in the Second major sell pattern for the year. They are now in another M.A.P intermediate sell mode in an extended wave three. Upside Sell Targets would be would be the 50 sma for Rallies until we get price momentum back into the markets.
Sector/Industry Spotlight: MG824, Security software, bounced off the 200sma. ATEA, HYPR, KRON
US DOLLAR We WERE doing a MAP pattern on the USD and dragging the 50 sma. We have currently moved back above it and started a breakout higher.
GOLD, Broke below the 50 sma . A rally to the 50 sma is now what we are watching for.
BULLISH INDICATOR STOCKS
Many positive moving stocks will come back to test the lower MOBO bands and 50 sma's and then continue up. GLBCE CELL QTWW ISSC LPX
BULL KICKERS IIJIE ZRAN yesterday's list up 17%, targets 50 and 200 AV QTWW CDE VWKS TLK
BULL ENGULFING SNPS RTN TXN CLWT NATI VRA NTPA UBET
** prior signal
SNAP BACKS UP CANDIDATES: SSNC POS IDBE WNC MCK LH NTMD
DOWN MOVERS IKN GTI BDY
LESS THAN $2.00 TGEN
"LIVE" voice chat Tuesday at 4:30 PM EST, in the First Wave club at TcNET M.A.P. points out market direction .
Two MAP's posted to Yahoo . Two of the major M.A.P patterns are now posted to the Files in the Yahoo Club. (locate by date of post, 3/4/04)
Coming seminar Classes
Denver coming last week of July 31 at 10 AM. One day 3-4 HOUR joint class with Marc Mandell FREE CD's to the first 25 attendees! LOCATION Omni Interlocken Resort
500 Interlocken Blvd. Denver (Broomfield), Colorado 80021 Phone: (303) 438-6600 Fax: (303) 438-7224 Cost: $30 Topic: M.A.P. MOVING AVERAGE PATTERNS. LOCATION: http://www.omnihotels.com/hotels/default.asp? topic=location&h_id=48
….. AUGUST 7-8 IN AUSTIN TEXAS. Location: Hilton Austin Airport
9515 New Airport Dr Austin, TX 78719 (512) 385-6767
DENVER ADVANCED 2 DA Y SEMINAR, AUGUST 14 –15 Time:, 8:30AM to 5:00PM Place: Embassy Suites Hotel Denver - Aurora
4444 N Havana, Denver, CO 80239 Tel: 1-303-375-0400 Fax: 1-303-371-4634
additional class details in http://www.wallstreetteachers.com
SEMINARS AT SEA: Nov. to be announced. Some very special guests!
All details at www.wallstreetteachers.com
