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#11 K Wave

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Posted 21 November 2015 - 01:49 PM

If you put daily SPX side by side with SPXEW, the difference is so minimal as to be almost not noticeable...

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#12 mss

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Posted 21 November 2015 - 01:51 PM

B)
OK, 2007-2008 - now tell me your opinion, please.

http://stockcharts.c...48131702403.png

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#13 hhh

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Posted 21 November 2015 - 02:05 PM

If you put daily SPX side by side with SPXEW, the difference is so minimal as to be almost not noticeable...


That's why you divide one by the other...

#14 jmicou

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Posted 21 November 2015 - 03:58 PM

B)
OK, 2007-2008 - now tell me your opinion, please.

http://stockcharts.com/c-sc/sc?s=$SPXEW:$SPX&p=D&yr=12&mn=0&dy=0&i=p82716035143&a=433539755&r=1448131702403.png

mss


To quote Twain: "History doesn't repeat itself, but it does rhyme."

And to quote Druckenmiller in 1987, who began shorting a little early starting in June 87: "The market's strength was concentrated in the high cap stocks, with the broad spectrum of issues lagging well behind"

#15 K Wave

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Posted 21 November 2015 - 07:05 PM

If you put daily SPX side by side with SPXEW, the difference is so minimal as to be almost not noticeable...


That's why you divide one by the other...

Duh.. :rolleyes:

Valueline Geo currently showing FAR more divergence than SPXEW...

Valueline Geo was a significant harbinger in 2008, FAR more so than SPXEW, which was also showing minimal difference to SPX back in 2008 as well.

Valueline Geo is also currently vastly under performing, but that said, unless we turn down hard from the get go on Monday, I see potential for a run up to the 200 day MA on that one, which would likely mean SPX going to new highs.
If it does break down on Monday, then it could easily become the first index to take out the 900 day, as it is quite close now....just as it did a full 5 months before SPX in 2008....then that would probably be a pretty big warning

Also, if you look at the SPXEW just before the crash wave in 2008, relative strength had dramatically improved..just before the bottom fell out..go figure...

Just following the SPX breach of the 900/1000 day MAs , and back kiss was a far better tell that something nasty might lie ahead, than looking at the SPXEW to SPX ratio....

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#16 hhh

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Posted 21 November 2015 - 07:28 PM

If you put daily SPX side by side with SPXEW, the difference is so minimal as to be almost not noticeable...


That's why you divide one by the other...

Duh.. :rolleyes:

Valueline Geo currently showing FAR more divergence than SPXEW...

Valueline Geo was a significant harbinger in 2008, FAR more so than SPXEW, which was also showing minimal difference to SPX back in 2008 as well.

Valueline Geo is also currently vastly under performing, but that said, unless we turn down hard from the get go on Monday, I see potential for a run up to the 200 day MA on that one, which would likely mean SPX going to new highs.
If it does break down on Monday, then it could easily become the first index to take out the 900 day, as it is quite close now....just as it did a full 5 months before SPX in 2008....then that would probably be a pretty big warning

Also, if you look at the SPXEW just before the crash wave in 2008, relative strength had dramatically improved..just before the bottom fell out..go figure...

Just following the SPX breach of the 900/1000 day MAs , and back kiss was a far better tell that something nasty might lie ahead, than looking at the SPXEW to SPX ratio....


Thanks, some great historical info. The breadth increase before the plunge is the most interesting. This is on a much smaller scale, but on Friday, about 40 minutes into trading, the Russel lurched ahead of the S&P by about 30% of the S&P's increase on the day and held like that the rest of the day after being about even until then.

#17 K Wave

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Posted 21 November 2015 - 07:42 PM

Here's the microns of difference in 2008 y'all are talkin' about....

Take off the labels, and you tell me which is VASTLY underperforming the other... :lol:
Yeh, it looks like you have double vision, right?

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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#18 K Wave

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Posted 21 November 2015 - 07:47 PM

Now have a look at Value Line, form 2008, now that is difernce actually worth talking about....

Posted Image

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#19 K Wave

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Posted 21 November 2015 - 07:58 PM

And with SPXEW and SPX only showing slightly larger microns of difference than 2008, Value Line once again showing substantial divergence...

Anyone else think there is decent chance of Value Line taggin' the 200 Day MA?
If it doesn't, could be first MAJOR sign of bull trouble....

SPX

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VALUG

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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#20 jmicou

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Posted 21 November 2015 - 10:28 PM

At this point, just a 3% to 6% rally can push the SPX to some nice targets, given the turn up in momentum albeit the breadth. If PUG projections are to be correct, for example, the market needs to stop going up.