$SPX (S&P500)

Is it possible that the current setup will give more or less the same results as we saw in May?
Of course it is...........

Trading has risk.
Dont loose your lunch money...

00K

Testing Gravity

Consumer Discretionary (XLY)



Top 10 holdings..........
COMCAST
HOME DEPOT INC
LOWES COMPANIES
MCDONALDS
News CI A
STARBUCKS
TARGET
TIME WARNER INC
Viacom, Inc.
WALT DISNEY

00K

Financials (XLF)

Could there be trouble ahead for financials?
Possible, unless of course... If they can actually attract some cash to hold things up.....

Trading has risk.
Dont lose your lunch money.......

00K

SMH, May need to test the low end before moving past resistance.......

3 tries and back down?
(imo) If (when) it pulls back and makes a higher low (expected) the next attempt at resistance could be the one that breaks the downtrend channel...........

Trading has many risk.
Dont loose all your lunch money...............

00K

Transports made a new closing low

Could help push a rally tomorrow from oversold conditions.......

Dont loose all your lunch money.
Trading is risky business...........

00k

LRCX

Back test failing.
Target low $32.00.
No way advice. For amusement only.................

Metals next to implode?

Weekly $CRB wants a lower low............

Will the bear leave anything unscathed?

Look Familiar?

July 31, 2006



Double (what was the thought at the time) bottom on the Dow before the 1987 crash...........

False breakouts

7-25-06

False breakouts can lead to powerful moves in the opposite direction...