Bears might have a chance at a correction here if these two keep going down.
World Index Charts
Edited by PrintFaster, 16 March 2013 - 10:53 AM.
Posted 16 March 2013 - 10:50 AM
Edited by PrintFaster, 16 March 2013 - 10:53 AM.
Posted 16 March 2013 - 10:56 AM
Posted 16 March 2013 - 11:05 AM
Posted 16 March 2013 - 11:15 AM
You're still not "getting it". You may want to reread the thread.I understand the math behind it, Its a slow second derivative.
See you in April.
Fib
Edited by ogm, 16 March 2013 - 11:17 AM.
Posted 16 March 2013 - 11:20 AM
Apple about ready to turn back up on the monthly?
If so, will the Nasdaq catch up to the Dow?
AAPL Monthly
Posted 16 March 2013 - 11:29 AM
How can anyone think this market isn't going to go up every day for the foreseeable future ?
In one of the threads a couple days ago I said something like "internals aren't there anymore" .... I meant it.
Breadth continues deteriorating as the market advances. Each spike made on a progressively lower breadth.
Leadership has narrowed significantly. Sure, summations are still high, but summations are slow moving indicator. A second derivative of breadth. Breadth > MCO > Summations.
Here are all of them + stocks above 50 DMA ... I think its self evident here.
Edited by andr99, 16 March 2013 - 11:32 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
Posted 16 March 2013 - 11:37 AM
Can't see the forest for the trees?
Pretty obvious signs of weakness on Friday. So-called internals have evidently been weak for some time now, I don't follow them so I wouldn't know more than what I read here.
Here's a couple of examples as plain as the nose on your face on Friday.
#1 Nasdaq Outside Reversal on BLOWOUT VOLUME
#2 SOX Gap down to Weekly Closing Low on 2X the daily volume of any day last week.
And I could go on from there, but I have a forecast to prepare...
Posted 16 March 2013 - 11:54 AM
Posted 16 March 2013 - 12:18 PM
Posted 16 March 2013 - 02:28 PM