market analysis by pacosant
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08 Apr 08, 20:30 GMT. It seems that we are following the expected path depicted in the chart (do not forget that it is referred to daily close). Today I’m not going to make any comments at all, only to update the chart with yesterday and today close.
 ------------------------------------------------------------------------------------------------------------------------------------------ 07 Apr 08, 21:30 GMT. One of my best friends, now living in Virginia Beach, is asking for more clues about the length of mayor legs of the trend? I do believe that main turns of market are crystal clear in the chart, but the intensity of the move (the change of price) is something that required more attention. Nevertheless, as most of you know, one of the main problems of traders is the information received from news, which can affect our perspective of how we see the chart. As I try no to experience the influence of news, I prefer to leave the chart to speak by itself, not putting any subjective comment.
Having said that, this morning, the S&P has surpassed the energy level reached during the 2007 top. Now we can go with a little more freedom in a horizontal-upward movement until touching the next energy level, probably at the beginning of July.
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04 Apr 08, 20:30 GMT. Whereabout in the rise are we?. As we can compare with the forecast chart, we are following the expected path, with special mention to timing; for the moment I do not see any reason for changing the forecast We publish a month and a half ago. Still I remain on alert, as the critical point (energy level) I follow (proprietary method; do not ask me?) has not been surpassed by INDU, neither S&P index. Nevertheless, as you can see in the whole year 2008 chart, the big rise of indexes will began after fall equinox (29-30 sep).To wrap up: long with confidence medium, but still on alert until going through resistant level.....Have a nice keek-end.
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01 Apr 08, 21:00 GMT. Today we have had an incredible day, the Dow Jones has made an outstanding rise of 3,2 %. Everything goes as planned in the below chart, with no signals of change of trend. Anyway, be alert, as with other techniques I use, we are very close to pass the critical point, which preclude new drops in the market.
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Here you can see the forecast I made on 18th feb 08 to DJI, stock exchange, for 2008.
If you want fo see what happened bewteen February and the begining of April 2008, go to the archive page of Feb-Mar. | The propose of this page is to study stock exchange market to forecast main direction and changes on dates.
other pacosant pages: Visit my GuestbookMail to pacosant; on subject "web page" other interesting pages:
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