“Não diabolizo projetos” como a mina da Lagoa Salgada

[Ulisses Pereira]

Aqui está:

"The Power of Three"

By Jeff Cooper
TheStreet.com Contributor
01/16/2004 07:05 AM EST



"Another day, another earnings report, down, up, down and flat. It looked like an excellent, impressive performance as the S&P pulled back early on to the hourly support shown in the pivot points section of my daily Trading Reports newsletter last night.

The buy-the-rumor, sell-the-news Boyz on Yahoo! (YHOO:Nasdaq - commentary - research), Intel (INTC:Nasdaq - commentary - research) and the Spyders (SPY:Amex - commentary - research) were thwarted on Thursday -- at least on first blush.


The bulls, who think a mild correction is in the cards, were convinced that it was commencing. The bears, who have been predicting that the house of cards would cave in sooner rather than later, thought sooner was at hand.

However, in fact, the day was flat, and all sides were frustrated.

As you know, 1136 S&P (as the Square of Nine chart shows) is three squares up from the October 2000 low of 768 S&P. In my work, this is the first area from where a meaningful trip-up of the uptrend can commence. And remember, three of anything in the market warrants our attention.

Moreover, there is a natural square, as the Square of Nine also shows, on Jan. 15 at 1132 S&P, as 1132 is opposition and resonates off Jan. 15. On Thursday, the S&P was magnetized. So, what does the S&P do? It hits its head on 1136 and pulls back to close precisely at 1132. Go figure.

Conclusion: My thinking is that if the market is going to genuflect at all from 1136 to 1150, then the pullback will be stronger than most expect -- even the bulls. However, in my experience, bull runs end with a punctuation, a bang rather than a whimper. The bull likes to end a run with a snort, not a snooze. Although the S&P did hit its head on 1136 and we are in a fast run, I would be more alarmed if we had seen the market gravitate on three range-extension days that were magnetized to this area. "

(in www.realmoney.com)

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boas ulisses quando puderes podes por este post d
Jeff Cooper
The Power of Three
The S&P hit its head on 1136 -- three squares up from the October 2000 low of 768 S&P -- but pulled back.

um abraço.