9 replies to this topic

[Rogerdodger]

The late Terry Laundry had a theory that important lows often create a cycle effect similar to sound waves created by striking a large bell or water waves made by throwing a big rock in a pond.
The end of 2012 seemed to culminate in a big splash sell-off and it looks like you can see a low about every 7 weeks, more or less, since.
We just passed what should be the 3rd "ringing cycle" low since December 2012.
MACD is trying to turn up.

Terry's Volume Oscillator turned up and made a higher low, possible creating a small "T" which could last about 3 weeks.
http://stockcharts.c...06617&r=685.png

Ratio = Bull / Bull + Bear: AAII (as of 6/12/2013) 49%
Ratio = Bull / Bull + Bear: 44%

Edited by Rogerdodger, 17 June 2013 - 09:58 AM.

[risk_management]

Thank you for bringing Laundry's thoughts here. He was brilliant. While everyone is ready to ring the low, I am not so sure. I think we are at the critical juncture right here right now.

[uburack]

Have you considered the MACD on weekly charts? Looks to me we have yet to have a lasting correction and one is due within the coming weeks.

[Rogerdodger]

Have you considered the MACD on weekly charts? Looks to me we have yet to have a lasting correction and one is due within the coming weeks.

The advance decline line is not confirming Terry's Volume Oscillator.
As I mentioned in late May: June rallies are for selling. "Go away in May."

There is nothing like bad economic news and high prices to goose the Stock Market...

Empire State Mfg Survey
"All the key sub-indexes are well in the negative camp to point to contraction underway in the region's manufacturing sector this month.
New orders, at minus 6.69, are down for a second straight month with contraction in backlog orders very deep, at minus 14.52. Shipments are at minus 11.77 with inventories at minus 11.29 in what are also deep rates of monthly contraction. These readings extend what is a very soft run for data out of the manufacturing sector,
a run that will support the doves at the Fed."

Housing Market Index
With home prices now rising sharply, the housing sector is the economy's leading strength right now -- and home builders are at the front of the action. The housing market index is up a very sharp 8 points this month to 52. The monthly point gain is the largest since the 2002 recovery with the index level above 50 for the first time since the 2006 boom years.

http://www.nasdaq.co...c-calendar.aspx

Edited by Rogerdodger, 17 June 2013 - 10:15 AM.

[PrintFaster]

Lots of momentum indicators are turning up but no MACD cross yet. Maybe one more down leg back to the 50-day for a third bullish spring. [attachment=21089:SPY_0617b.png]

[PrintFaster]

Worried about tapering? Tesla shareholders are not worried, they are still bidding up the stock, LOL [attachment=21090:tsla0617.png]

[PrintFaster]

-1123 TICK

[risk_management]

-1123 TICK

Is that good or bad?

[PrintFaster]

-1123 TICK

Is that good or bad?

Means big move coming, one way or another.

Somebody big is panicking when they unload so many stocks at once.

Could be just a spooked Algo or something.

[PrintFaster]

Big Put/calls most of the day, even during the morning during the "2nd Half V-Shaped Hope Rally"

LOL...

CBOE