Mark S. Young
Posted 02 February 2016 - 02:01 PM
I was pretty Bearish about the next few weeks, but now I have to be open to the low actually being in or about in.
Look at the SH asset flows. This is the third largest one-day shift, if I'm not mistaken.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
Member
Posted 02 February 2016 - 02:10 PM
Interesting.I was pretty Bearish about the next few weeks, but now I have to be open to the low actually being in or about in.
Look at the SH asset flows. This is the third largest one-day shift, if I'm not mistaken.
1-day $307,414, 7-day $287,153, 21-day $683,928
SH002-01-16.gif
Mark
Member
Posted 02 February 2016 - 02:13 PM
That is a concerning development for bears. Mutual fund outflows in December were also very high which is uncommon at the start of a bear market as well. What do you think about the VIX being relatively low for a bear market bottom Mark?
Mark S. Young
Posted 02 February 2016 - 02:19 PM
The relative VIX got up there into Buy territory.
I was hoping for more, but it was adequate.
My best guess is that we have some volatility over the next few days that spikes the VIX and helps to mark a low.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
Volume Dynamics Specialist
Posted 02 February 2016 - 02:19 PM
Nope... my best indicator says the lows are not in...
GS is DOWN 9 here at NEW LOWS.... that's NEW 2016 LOWS.....
DOWN WE GO
DB is the lead anchor.
Member
Posted 02 February 2016 - 02:42 PM
DOWN WE GO
...but maybe we need first to complete the bounce started on jan 20 which doesn' t seem over, imo. It might be that we're close to a short term bottom leading us some points higher before the downtrend resumes. My personal opinion and my personal two cents' contribution
forever and only a V-E-N-E-T-K-E-N - langbard
iloli = I'm Laws Of Line's I(eye)
Posted 02 February 2016 - 02:45 PM
Nope... my best indicator says the lows are not in...
GS is DOWN 9 here at NEW LOWS.... that's NEW 2016 LOWS.....
DOWN WE GO
DB is the lead anchor.
Good call as always Semi, hope you are not right about rats as you saw them jumped in 07,08, that would be another BIG SHORT to make a fortune again!
...but, at the moment not too bearish yet unless it BD the low TL, we could be still in at the 'bottom is in' and bkx to launch another run-up inside the channel after it touched that TL.
Too perfecto, I know.
Volume Dynamics Specialist
Posted 02 February 2016 - 02:56 PM
BKX will go to that last low around 43...
Member
Posted 02 February 2016 - 02:59 PM
Nope... my best indicator says the lows are not in...
GS is DOWN 9 here at NEW LOWS.... that's NEW 2016 LOWS.....
DOWN WE GO
DB is the lead anchor.
Semi , I just got a target of 144 -+ for GS...FWIW
Volume Dynamics Specialist
Posted 02 February 2016 - 03:12 PM
Nasdaq just gave up ALL THE GAINS from the BANZAI NEGATIVE RATE Tactics...
Under Thursday's Close....
SPX following right behind.
