Cumulative Charts - 5/25/12
#1
Posted 26 May 2012 - 06:32 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#2
Posted 26 May 2012 - 08:42 PM
#3
Posted 27 May 2012 - 08:10 AM
Thank you for your feedback.it looks like Bets is either coincident or late, but not a predictor. at least eyeballing the declines and such. in fact the last few times it was this low it looks like nya bottomed.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#4
Posted 27 May 2012 - 08:14 AM
it looks like Bets is either coincident or late, but not a predictor. at least eyeballing the declines and such. in fact the last few times it was this low it looks like nya bottomed. so why put shorts on now ?
...particularly since you have been calling for a bottom in here.
#5
Posted 27 May 2012 - 08:31 AM
Me? I have been calling for a bottom?...particularly since you have been calling for a bottom in here.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#6
Posted 27 May 2012 - 08:54 AM
#7
Posted 27 May 2012 - 09:05 AM
Here is a short Fib's post as of May 23 -
dasein >> "PnF targets for indexes another 3-5% lower."
fib >> "Agreed. Fib..."
Back to lurking now...
#8
Posted 27 May 2012 - 09:38 AM
So I guess it wouldn't be that hard then to quote chapter and verse?I note your directional calls in my journal.
Maybe it's a case of your not reading every single post I make?
Maybe it's a case of the time period involved?
Since you're not a subscriber, and I am far from being one dimensional in what I share on a public board, here are the different time periods in which I trade to help in your keeping accurate journal records of what I may decide to post on this board:
Near Term: that of days: last Monday...a bottom.
Short Term: 4-6 weeks: Still have lower targets provided by the MCO.
Intermediate Term: 6-16 weeks: Type 2 divergent correctional phase.
Long Term: 4 months or more: Higher highs are still yet to be expected.
As far as the BETS is concerned, this weeks data provides a good test for NB's remarks. Note that the -35 reading is lower than last week while the NYA moved higher. So we'll see if this weekly indicator is a forecaster of future price action or not. In this case, if breadth leads price, the NYA will be lower by next weekend's update.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 27 May 2012 - 10:44 AM
#10
Posted 27 May 2012 - 10:54 AM
So I guess it wouldn't be that hard then to quote chapter and verse?I note your directional calls in my journal.
Maybe it's a case of your not reading every single post I make?
Maybe it's a case of the time period involved?
Since you're not a subscriber, and I am far from being one dimensional in what I share on a public board, here are the different time periods in which I trade to help in your keeping accurate journal records of what I may decide to post on this board:
Near Term: that of days: last Monday...a bottom.
Short Term: 4-6 weeks: Still have lower targets provided by the MCO.
Intermediate Term: 6-16 weeks: Type 2 divergent correctional phase.
Long Term: 4 months or more: Higher highs are still yet to be expected.
As far as the BETS is concerned, this weeks data provides a good test for NB's remarks. Note that the -35 reading is lower than last week while the NYA moved higher. So we'll see if this weekly indicator is a forecaster of future price action or not. In this case, if breadth leads price, the NYA will be lower by next weekend's update.
Fib
Fib:
Thanks! - timeframes are helpful for your perspectives
stubaby