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NYA chart + multiple commodity/gold charts


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#1 hiker

hiker

    independent trader

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Posted 02 January 2012 - 04:46 AM

this chart is telling us something as NYA (NYSE Composite Index) price action progresses following
the three major breadth thrusts since late November (using the daily NYSE advancing:declining volume ratio for this chart) :

http://stockcharts.com/h-sc/ui?s=$NYU...amp;a=228904376

Dec 30, 2011 - general summary comments:

1. the V-bottom structure of actual price and volume breadth and breadth plurality since late November has only been briefly violated by the recent and very quick spike down ... the overall rising structure since late November (V-bottom) has not been violated for a significant period of time, so I personally consider the rising structure for both volume and plurality breadth and for price action to remain intact until the pattern of higher lows by the 8-day smoothed data is actually VIOLATED.

* 8.08 is the Dec 30 value for the 8-day smoothing of the NYSE Up to Down volume ratio shown in the chart, which resides below the most recent early-December prior high following the late November V-bottom structure

2. the price action for the NYSE Composite Index now requires more upside follow-through to convince the skeptics that price action is actually confirming what volume and plurality analysis of the NYSE breadth raw data displays is now a potential rising trend with further upside potential.

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*** all of these chart links are viewable in full detail only if you have an extra level subscription to stockcharts.com

Gold monthly performance -

http://stockcharts.com/h-sc/ui?s=$GOL...amp;a=184300105

Gold, Copper & WTIC daily performance on one chart -

http://stockcharts.com/h-sc/ui?s=$GOL...amp;a=184304694

Gold monthly price bars with an WTIC price closes overlay shown in purple color -

http://stockcharts.com/h-sc/ui?s=$GOL...amp;a=232727540

Gold monthly price bars with three selected John Murphy style MACD's -

http://stockcharts.com/h-sc/ui?s=$GOL...amp;a=193279494

Gold weekly price bars with three John Murphy style MACD's -

http://stockcharts.com/h-sc/ui?s=$GOL...amp;a=177080432

daily closes for XAU Index and

Copper / WTIC /Euro / US Dollar index / and daily price bars for Gold -

http://stockcharts.com/h-sc/ui?s=$XAU...amp;a=162037574

Happy New Year! and to "mss": I send a heartfelt thank you for the many blessings over the years resulting from your generous sharing.
You are special.

Edited by hiker, 02 January 2012 - 04:51 AM.


#2 mss

mss

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Posted 03 January 2012 - 09:28 AM

this chart is telling us something as NYA (NYSE Composite Index) price action progresses following
the three major breadth thrusts since late November (using the daily NYSE advancing:declining volume ratio for this chart) :

Visit My Website

Dec 30, 2011 - general summary comments:

1. the V-bottom structure of actual price and volume breadth and breadth plurality since late November has only been briefly violated by the recent and very quick spike down ... the overall rising structure since late November (V-bottom) has not been violated for a significant period of time, so I personally consider the rising structure for both volume and plurality breadth and for price action to remain intact until the pattern of higher lows by the 8-day smoothed data is actually VIOLATED.

* 8.08 is the Dec 30 value for the 8-day smoothing of the NYSE Up to Down volume ratio shown in the chart, which resides below the most recent early-December prior high following the late November V-bottom structure

2. the price action for the NYSE Composite Index now requires more upside follow-through to convince the skeptics that price action is actually confirming what volume and plurality analysis of the NYSE breadth raw data displays is now a potential rising trend with further upside potential.

CLICK THE VISIT MY WEBSITE ABOVE.
This is a very powerful chart. Click to enlarge.
Thanks to "hiker" for sharing this.
mss

Edited by mss, 03 January 2012 - 09:30 AM.

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