38 replies to this topic

[nimblebear]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

Id have to agree with Fib. And i dont know any better than him, but this looked pretty ominous given the context of it all.

[Darris]

June 10, 2010 was fairly close for a low NYSE TRIN at 0.149, and using the same service, today was 0.143. These are the 2 lowest in the last 11 years that I know of.

[leverage4]

Boy...what a single relief rally will do to sentiment.

Be very careful here folks...today was NOT a good day as far as I can see.

In fact, I'm starting to get very concerned here.

But what do I know?

Fib

I'm with you Fib, as Seven Sentinels are locked tight in SELL mode. But what do we know. D

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2011-07-01&en=2011-12-30&i=p54258309565&a=225433288&r=687.png

Don and Fib,
I don't understand why you use all those technical analysis tools when the only thing evidently needed is ........ a calendar!
Lev

[Darris]

Show us the days Lev. Thanks

[Echo]

Darris, Check out June 2006. Gotta really low one there too according to SC. That one had a nice retrace down in the ensuing days. Also note that this really low TRIN today came in the final minute of trading. 10min to go, it was a common 0.40 3 min to go, 0.18 2 min to go, 0.16 1 min to go, 0.16 and then the close at 0.13 with the last second short squeeeeeeeeeeze. Doc

[DrSP]

I went 50% long.

Did you cover your position? Is this a hedge?

I covered around 10am, went long near AH close,TQQQ. Today was not normal for a bear
market in the wave we are in. NYMO was oversold. Either it crashed or it bottomed.
If we make new lows from here, won't make any sense, most likely a "V" bottom
with island reversal in place.

I didn't get you. You said you wouldn't cover till 1000 SPX. Did you assume previously that NYMO wouldn't bottom till SPX 1000 from SPX 1292? Even if SPX might reach 1000, NYMO would bottom and top few times (not just once!) in that ride. Because SPX isn't going to fall to 1000 from 1292 in 10 days.

Congratulations to you! You have successfully swing traded!

[mss]

Id have to agree with Fib. And i dont know any better than him, but this looked pretty ominous given the context of it all.

You need to read more posts. "fib" is good but there are several who are just as good and approach the market from a different perspective. There are even a couple who still post here that are maybe a little better at times and several who moved on due to harassment that were better.

There are different approaches to making money in the market and simple opinions are worth what you pay for them.

Best to you,
mss

Edited by mss, 29 November 2011 - 07:57 AM.

[OEXCHAOS]

ST, we have reason to expect a pullback today. Options Oscillator Sell, FL/FS Sell. BUT the momentum has shifted up and the CBOE:SPX is up too. Day trade short, position trade long? M

[senorBS]

ST, we have reason to expect a pullback today. Options Oscillator Sell, FL/FS Sell.

BUT the momentum has shifted up and the CBOE:SPX is up too.

Day trade short, position trade long?

M

amigo Mark, Senor's current take on the waves from Friday's low is that it either accelerates norte in a big tres wave or maybe soon dies badly in a C wave, I am long and rasing stops as it rallies and 1205 -1210 is muy importante resistance in my work

NO BS

Senor