charttrainerdotcom
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Hi Yall,
I had the opportunity to listen to the godfather of technical analysis last week. John Murphy demonstrated how he analyses the markets and which conclusions can be drawn from what he sees. Well, wrapping it all up he said that technical analysis, sector analysis and intermarket analysis all led to the same conclusion: the good times are over. For 1Q08 defensive late cyclicals like healthcare might be ok. All others are probably not going to do well.
Scroll through the Dow six month charts and the Dow constituents six months charts (Charttrainer) and the EuroStoxx (and constitutents) 6 months charts (Charttrainer)
and you will see that the charts do not really look attractive.
Maybe one of you guys could provide a nice Fibonacci analysis. I´m really bad at Fibos. But I guess that the first retractement (38%) is still some 2000 Dow points below the current Dow and we are likely to get to the first retracement.
What do you think?
John Murphys analysis was the best I´ve seen so far and I guess I´ll be very carefull on the equity long side.![Thumbs down (n) (n)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
I had the opportunity to listen to the godfather of technical analysis last week. John Murphy demonstrated how he analyses the markets and which conclusions can be drawn from what he sees. Well, wrapping it all up he said that technical analysis, sector analysis and intermarket analysis all led to the same conclusion: the good times are over. For 1Q08 defensive late cyclicals like healthcare might be ok. All others are probably not going to do well.
Scroll through the Dow six month charts and the Dow constituents six months charts (Charttrainer) and the EuroStoxx (and constitutents) 6 months charts (Charttrainer)
and you will see that the charts do not really look attractive.
Maybe one of you guys could provide a nice Fibonacci analysis. I´m really bad at Fibos. But I guess that the first retractement (38%) is still some 2000 Dow points below the current Dow and we are likely to get to the first retracement.
What do you think?
John Murphys analysis was the best I´ve seen so far and I guess I´ll be very carefull on the equity long side.