6 replies to this topic

[diogenes227]

[fib_1618]

I'm not too sure which part of the photo I'm supposed to be looking at.

 

Fib

[diogenes227]

I'm not too sure which part of the photo I'm supposed to be looking at.

 

Fib

 

Hmm...it appears they may have enlisted a Chinese fellow to do the heavy lifting...

 

By the way, Fib, I can't remember when, if ever, the market -- i.e. SPY, QQQ, IWM -- have defied a falling NYSI for this long (more than three trading weeks).  What do you make of that?

[fib_1618]

 

I'm not too sure which part of the photo I'm supposed to be looking at.

 

Fib

 

Hmm...it appears they may have enlisted a Chinese fellow to do the heavy lifting...

 

By the way, Fib, I can't remember when, if ever, the market -- i.e. SPY, QQQ, IWM -- have defied a falling NYSI for this long (more than three trading weeks).  What do you make of that?

 

 

It's pretty common actually.

 

(Note that bearish trends are in parenthesis in the next paragraph)

 

Remember that the MCSUM measures the difference in the distance between the 19 day and 39 day EMA's in relation to the cumulative A/D or U/D lines being measured. So if we extend this idea to that of a price chart, if a shorter term EMA is still above (or below) the intermediate term EMA, prices do continue to ride the trend laid out by the support (or resistance) of these same trending EMA's. This is why prices can continue to be buoyant (or remain under pressure) during times in which the MCSUM is declining (or advancing) from levels greater than the750 level (in either direction), and why, we usually see higher price highs (or lower lows) during times when the MCSUM later turns up (or down) at or near the zero line - providing negative (or positive) divergence - before prices actually top (or bottom) out, and a reversal of trend can then get underway.

 

Fib

[diogenes227]

 

 

I'm not too sure which part of the photo I'm supposed to be looking at.

 

Fib

 

Hmm...it appears they may have enlisted a Chinese fellow to do the heavy lifting...

 

By the way, Fib, I can't remember when, if ever, the market -- i.e. SPY, QQQ, IWM -- have defied a falling NYSI for this long (more than three trading weeks).  What do you make of that?

 

 

It's pretty common actually.

 

(Note that bearish trends are in parenthesis in the next paragraph)

 

Remember that the MCSUM measures the difference in the distance between the 19 day and 39 day EMA's in relation to the cumulative A/D or U/D lines being measured. So if we extend this idea to that of a price chart, if a shorter term EMA is still above (or below) the intermediate term EMA, prices do continue to ride the trend laid out by the support (or resistance) of these same trending EMA's. This is why prices can continue to be buoyant (or remain under pressure) during times in which the MCSUM is declining (or advancing) from levels greater than the750 level (in either direction), and why, we usually see higher price highs (or lower lows) during times when the MCSUM later turns up (or down) at or near the zero line - providing negative (or positive) divergence - before prices actually top (or bottom) out, and a reversal of trend can then get underway.

 

Fib

 

 

By saying "it's pretty common actually", I'm assuming you are referring to the Price/MCSUM behavior and not the enlisting of Chinese fellow to hold up the bull.

 

Thanks again for the McClellan refresher and insight.

 

Best to you.

[fib_1618]

 

 

 

I'm not too sure which part of the photo I'm supposed to be looking at.

 

Fib

 

Hmm...it appears they may have enlisted a Chinese fellow to do the heavy lifting...

 

By the way, Fib, I can't remember when, if ever, the market -- i.e. SPY, QQQ, IWM -- have defied a falling NYSI for this long (more than three trading weeks).  What do you make of that?

 

 

It's pretty common actually.

 

(Note that bearish trends are in parenthesis in the next paragraph)

 

Remember that the MCSUM measures the difference in the distance between the 19 day and 39 day EMA's in relation to the cumulative A/D or U/D lines being measured. So if we extend this idea to that of a price chart, if a shorter term EMA is still above (or below) the intermediate term EMA, prices do continue to ride the trend laid out by the support (or resistance) of these same trending EMA's. This is why prices can continue to be buoyant (or remain under pressure) during times in which the MCSUM is declining (or advancing) from levels greater than the750 level (in either direction), and why, we usually see higher price highs (or lower lows) during times when the MCSUM later turns up (or down) at or near the zero line - providing negative (or positive) divergence - before prices actually top (or bottom) out, and a reversal of trend can then get underway.

 

Fib

 

 

By saying "it's pretty common actually", I'm assuming you are referring to the Price/MCSUM behavior and not the enlisting of Chinese fellow to hold up the bull.

 

 

Money is money...money is fuel...the market cares not where it comes from, only that it's there to be used to fight off the bear market default.

 

You're welcome.

 

Fib

[gm_general]

Did you happen to see what they did with those on Mr. Robot? Just goes to show you sometimes the bull gets his ^%$ cut off when he least expects it.