28 replies to this topic

[ogm]

This is including Aug 2011.

[arbman]

Specifically, this is the decline to another 70 week cycle low and the previous one was August of 2011. So, I think the oversold conditions should be compared within that scope although the intensity may not be the same. I actually expect about 100 points lower.

Edited by arbman, 28 December 2012 - 09:45 AM.

[selecto]

On the cash we appear to be going to the lower band, then perhaps a ride.

Mil quatro cientos viente, mama mia:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=10&i=p01922835775&a=273130061&r=1356706222314.png

Edited by selecto, 28 December 2012 - 09:53 AM.

[ogm]

Specifically, this is the decline to another 70 week cycle low and the previous one was August of 2011. So, I think the oversold conditions should be compared within that scope although the intensity may not be the same. I actually expect about 100 points lower.

Maybe. This is just a short term indicator. Can produce quite a bounce before it resets. But of course with the market being held hostage by politicians, its anyone's guess. Can play out like August 2011.

[NAV]

Thanks guys for all your responses. Now, i feel like i am communicating with fellow traders.

A tick below SPX 1406 will give me a sell signal now.

Edited by NAV, 28 December 2012 - 11:01 AM.

[SemiBizz]

Specifically, this is the decline to another 70 week cycle low and the previous one was August of 2011. So, I think the oversold conditions should be compared within that scope although the intensity may not be the same. I actually expect about 100 points lower.

Maybe. This is just a short term indicator. Can produce quite a bounce before it resets. But of course with the market being held hostage by politicians, its anyone's guess. Can play out like August 2011.

Politicians were a sideshow, the catalyst was the credit downgrade.

[zoropb]

The high came in within 15mins of our turn for the morning. Now bulls you must breach 1409 since we failed the pivot close. That may have been the high of the day.

[selecto]

On the cash we appear to be going to the lower band, then perhaps a ride.

SPY gets there in AH. Buckle up.

[slupert]

Sentimentrader.com:
December 26, 2012
Newsletter writers that follow the Nasdaq are now recommending investors be 75% net long that index, one of the highest allocations in more than a decade.

what news letters? anybody can have a newsletter.