That's what I said a few weeks ago... bottom on 7/7, up into 7/19, down into 8/16.

That's my story and I'm sticking with it for now...

Greetings fearless forecasters.

StockCharts.com has a chart that combines the SP-400, SP-500 and SP-600. I have found these SP-1500 charts to be one of if not the best series of chart to keep you on the right side of the markets so this weekend sharing what I have learned about the three charts. Here are the symbols to look at. $SUPHLP is the SP-1500 New Highs minus New Lows with a 10 day EMA moving average. The first lower panel is the SPY the second lower panel is today's value minus yesterdays value. As long as $SUPHLP is above the EMA(10) hold long positions.

Next chart symbol $SUPADP is a cumulative chart of the SP-1500 Advance minus Decline Percent. Use this chart to confirm trend has changed from up to down after $SUPADP drops below the EMA(10).

Next chart symbol is $SUPUDP is a cumulative SP-1500 Volume Advance minus Decline. The method is to monitor the $SUPADP and $SUPUDP using standard technical analysis methods as these chart are early warning.

Most of the time this method will top, a trend change of a few months will then see price make a new high as these three charts make a negative divergence lower high. Risk management would typically be to take profits of say 50% as the trend changes then take more profits at the negative divergence set up occurs then put on shorts.

Currently $SUPADP has made a new high July 19th as price has made a new high also. The caution comes from the volume model $SUPUDP. It topped March 1st drifted sideways until July 1st topping July 19th also so what we have so far if the $SUPHLP today minus yesterday peaked at +15 June 2nd drifted sideways topping at +13 July 20th  which is still well above the EMA(10). The fist caution comes from volume while advance minus decline remains positive. I will follow this model and share it with Fearless Forecasters' until we get a quality sell signal. I tried to post the chart but failed to get it into this post. Try it again in reply.

Best,

Larry d:^)

...pointing to an IT top in the first week of August ? I think so. Then a correction bringing us into September-October......the usual movement lasting long and correcting little 

 I updated one of my very old charts which I look at weekly, and thought I would share.

If you go back in the "old" posts you can find this chart and several others that give options as to what the future might hold.

It is know as S W A G at its finest.

mss 

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