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Immigration See other Immigration Articles Title: Market WrapUp (07-26-05) Home l Broadcast l Market Monitor l Top 10 l Storm Watch l Sitemap l About Us Today's WrapUp by Ike Iossif 07.26.2005 Mon Tue Wed Thu Fri Archive SUMMARY Last week I said, "The McClellan Oscillators are at the zero line, the Volatility ratios are at new highs, the Quantifiers have turned down, and the rest of the indicators have diverged negatively; therefore, the odds are better than even that over the next 2-5 trading days we will get a pullback, but given the magnitude of the initial thrust of the move we also ought to expect support to hold." (Current) We have half of the indicators implying that a pullback is to be expected next week, while the other half are implying that further price strength ought to be expected. When you put it all together it means that we ought to expect a choppy and difficult market to trade going forward. This type of market condition precedes market tops of significance, but we do not believe that such top is completed; it has a bit more to go. Nevertheless, we do believe that we ought to expect a pullback sometime this week, and depending upon how deep the pullback turns out to be, we will draw further conclusions with regard to how far we are into the topping process. SUPPORT AND RESISTANCE LEVELS TO WATCH FOR Ike Iossif Copyright © 2005 All rights reserved. Ike Iossif Expert Page Home l Broadcast l Market Monitor l Storm Watch l Sitemap l About Us l Contact Us Copyright © James J. Puplava Financial Sense is a Registered Trademark Subscribe to *unUsual Suspects* Post Comment Private Reply Ignore Thread Top Page Up Full Thread Page Down Bottom/Latest Begin Trace Mode for Comment # 8.
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