Options Expiration Friday

NYSE Composite Index...


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HOT SPOT CHARTING...

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Hourly 10 day QQQQ chart....



Yesterday's semiconductor charts are still in play...

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SEMI'S

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SMH, In a heavy congestion area...


SOX, Potential short term double bottom...

Short term semi's could go either way from here.
Confirmation of direction is needed...
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Upwards thrust prior to options expiration?

VIX, Large gap to fill...


Nasdaq Summation Index, could have another upwards thrust...


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HOT SPOT CHARTING...

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Bank Index,
Top of channel...


Broker Dealer Index,
Has the downtrend commenced?


SP500 Energy Industry Group,
A large component of the SP500...


HITK,
Potential double bottom...


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HOT SPOT CHARTING...

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DJ Europe Tech Index...
Gap is closed.
Runs much like the Compq as seen below...




VIX, Pennant formation & MACD rising above the zero line...

Could it be deja vu?

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CAUTION...

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Nasdaq Comp, Bearish Doji star pattern.
Needs confirmation...


Disk Drive Index.
Potential ending wedge pattern plus overhead resistance...


Nasdaq Buywrite Index, Bearish Doji star pattern.
Needs confirmation...


Nasdaq 100 Tech Sector Index,
Potential bear flag...


The Nov. 30th SP500 Target was made today (1415)...

Charts and comments are NEVER INTENDED AS ADVICE...

There's a fine line between eccentrics and geniuses. If your a little ahead of your time your an eccentric, and if your a little too late, your a failure, but if you hit it right on the head, your a genius...

"Thomas J. Watson Jr. founder of IBM"

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HOT SPOT CHARTING

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S&P Tech Sector Bullish Percent Index...


Nasdaq 100 Buywrite Index - CBOE.
Loss of direction...


Nasdaq Volume Declining.
Channeling...


Nasdaq 100 Tech Sector Index.
Back testing...


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HOT SPOT CHARTING

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S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...


S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...


Falling wedge and gap.
Could filling the gap be a setup for going long?
Charts and comments are NEVER INTENDED AS ADVICE...

Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.


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Motor Homes

(Source Reuters News)

Retail sales of motor homes have fallen for 19 consecutive months as higher interest rates and gas prices and a slowdown in housing have weighed on consumer confidence.

Further deterioration is seen for 2007, when shipments of motor homes and campers are expected to drop more than 11 percent, according to the latest forecast from the Recreation Vehicle Industry Association (RVIA).

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Fleetwood Enterprises...
Still struggling after a hard decline...


Winnebago...
Potential triple top...


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Thinking Short?

Weekly SP500 High-Low Index...
For conservative short sellers the optimum time to sell short
the S&P 500/SPY(s&p 500 SPDR's) could be when the MACD crosses under...

We will track this chart daily after the close until we get a MACD cross under...


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HOT SPOT CHARTING...

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SP500 with target Nov. 28th...


SP500 target hit Nov. 30th...





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HOT SPOT CHARTING...

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Nasdaq Issues Declining.
At recent support. Could move upwards thursday...


Nasdaq Issues Advancing.
At recent resistance. Could move lower thursday...


Nasdaq 100 Tech Index.
Potential bearish reversal pattern with a downside breakout.
Could nail the end of the recent tech bull run...


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DJ Asia/Pacific Indexes

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DJ Asia/Pacific Tech Index...


DJ Asia/Pacific Consumer Goods Index...


DJ Asia/Pacific Telecommunications Index...


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HOT SPOT CHARTING

Charts and comments are NEVER INTENDED AS ADVICE...

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HOT SPOT CHARTING...

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NYSE A/D, We could see an advance on tuesday...


Nasdaq A/D, We could see an advance on tuesday...

Bank Index as posted Nov. 13th with first target...


The Bank Index as charted Nov. 13th closed within the target...



Charts and comments are NEVER INTENDED AS ADVICE...

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

"Jesse Livermore"

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NASDAQ MAKE or BREAK!

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Nasdaq, now up against the long term trendline.
Currently making it's fourth attempt at this long term resistance and with the stoch's overbought any breach could be considered suspect...


SP500, weekly chart with Doji.
Bearish candlestick pattern.
Potential change of direction. Confirmation needed...


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RUSSELL 2000

Russell 2000, as posted on Nov. 10th.
At the time we said "Possible diamond top pattern.
Watch for a possible false breakout prior to a decline."


Russell 2000, as posted on Nov. 14th.
At the time we said "The Russell 2000 did breakout into the rectangle as suggested. We will have to see if it is indeed a false breakout prior to a decline as described in the above Nov 10th chart. However the QQQQ target area is close but has not yet been met. Therefore additional upside remains in the Russell."


Russell 2000, at the close Nov. 22nd.
With the QQQQ now within the target area we will be
looking for a reversal in the Russell 2000 to comfirm
a false breakout...
(Confirmation is needed)




Charts and comments are NEVER INTENDED AS ADVICE...




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QQQQ TARGET HIT

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QQQQ, chart as posted on Nov. 10th with a target
area of $44.50 - $45.00...


QQQQ, Nov. 22nd close $44.73...


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