19 replies to this topic

[mss]

Gives us another look as to the ST & IT outlook. Maybe not so strong as first look.

http://stockcharts.c...48046273645.png

This has been updated

mss

[q4wer]

bearish to a bear's eye, and bullish to a bull's eye. The chart is innocent.

[TechMan]

I gave up on Equal Weighted Index long time ago.

[mss]

bearish to a bear's eye, and bullish to a bull's eye. The chart is innocent.

I am very interested in how you can see the chart as bullish and bearish at the same time.

Thanks,
mss

[dasein]

MSS - I thought he was in a way agreeing with what you said "not as strong as first look"" i.e. it looks strong (bullish) but maybe not so strong (bearish)? How do you see it - bearish?

[mss]

MSS - I thought he was in a way agreeing with what you said "not as strong as first look"" i.e. it looks strong (bullish) but maybe not so strong (bearish)? How do you see it - bearish?

I see it as a neutral - but a slight suggestion of being bearish. Overall market IMO is running on fumes. Much more than normal.

I appears to be too much like 2008 rather than 1998.

I could be wrong, want be the first time.

mss

[opinionated]

I read it as be very careful, inflection point could go either way. I think it is picking up on news driven, more than normal. Seasonal is holding us up and fear of news, along with interest rates are pressing down. IE inflection point. My two Pennys O

[jmicou]

MSS - I thought he was in a way agreeing with what you said "not as strong as first look"" i.e. it looks strong (bullish) but maybe not so strong (bearish)? How do you see it - bearish?

I see it as a neutral - but a slight suggestion of being bearish. Overall market IMO is running on fumes. Much more than normal.

I appears to be too much like 2008 rather than 1998.

I could be wrong, want be the first time.

mss

Check out ratio SPXEW:SPX overlaid to SPX price and look for divergences.

[mss]

MSS - I thought he was in a way agreeing with what you said "not as strong as first look"" i.e. it looks strong (bullish) but maybe not so strong (bearish)? How do you see it - bearish?

I see it as a neutral - but a slight suggestion of being bearish. Overall market IMO is running on fumes. Much more than normal.

I appears to be too much like 2008 rather than 1998.

I could be wrong, want be the first time.

mss

Check out ratio SPXEW:SPX overlaid to SPX price and look for divergences.

Well here it is again - last posted
this a little different - BUT -------- My general take.

http://stockcharts.c...48128620104.png

mss

[jmicou]

MSS - I thought he was in a way agreeing with what you said "not as strong as first look"" i.e. it looks strong (bullish) but maybe not so strong (bearish)? How do you see it - bearish?

I see it as a neutral - but a slight suggestion of being bearish. Overall market IMO is running on fumes. Much more than normal.

I appears to be too much like 2008 rather than 1998.

I could be wrong, want be the first time.

mss

Check out ratio SPXEW:SPX overlaid to SPX price and look for divergences.

Well here it is again - last posted
this a little different - BUT -------- My general take.

http://stockcharts.com/c-sc/sc?s=$SPXEW:$SPX&p=D&yr=1&mn=0&dy=0&i=p28700427784&a=400408617&r=1448128620104.png

mss

And compared to 2007-2008....

Edited by jmicou, 21 November 2015 - 01:41 PM.