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#1 LarryT

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Posted 22 July 2017 - 11:39 AM

 

Greetings fearless forecasters.

StockCharts.com has a chart that combines the SP-400, SP-500 and SP-600. I have found these SP-1500 charts to be one of if not the best series of chart to keep you on the right side of the markets so this weekend sharing what I have learned about the three charts. Here are the symbols to look at. $SUPHLP is the SP-1500 New Highs minus New Lows with a 10 day EMA moving average. The first lower panel is the SPY the second lower panel is today's value minus yesterdays value. As long as $SUPHLP is above the EMA(10) hold long positions.

Next chart symbol $SUPADP is a cumulative chart of the SP-1500 Advance minus Decline Percent. Use this chart to confirm trend has changed from up to down after $SUPADP drops below the EMA(10).

Next chart symbol is $SUPUDP is a cumulative SP-1500 Volume Advance minus Decline. The method is to monitor the $SUPADP and $SUPUDP using standard technical analysis methods as these chart are early warning.

Most of the time this method will top, a trend change of a few months will then see price make a new high as these three charts make a negative divergence lower high. Risk management would typically be to take profits of say 50% as the trend changes then take more profits at the negative divergence set up occurs then put on shorts.

Currently $SUPADP has made a new high July 19th as price has made a new high also. The caution comes from the volume model $SUPUDP. It topped March 1st drifted sideways until July 1st topping July 19th also so what we have so far if the $SUPHLP today minus yesterday peaked at +15 June 2nd drifted sideways topping at +13 July 20th  which is still well above the EMA(10). The fist caution comes from volume while advance minus decline remains positive. I will follow this model and share it with Fearless Forecasters' until we get a quality sell signal. I tried to post the chart but failed to get it into this post. Try it again in reply.

 

Best,

Larry d:^)


Edited by LarryT, 22 July 2017 - 11:42 AM.

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#2 LarryT

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Posted 22 July 2017 - 11:44 AM


"If you are going to be dumb you gotta be tough"

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#3 LarryT

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Posted 22 July 2017 - 01:52 PM

Forgot to mention this model has been on a continuous buy signal since March 2016.


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#4 dowdeva

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Posted 22 July 2017 - 08:27 PM

Thank you! Very generous to share this data...

 

Best regards



#5 LarryT

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Posted 24 July 2017 - 07:27 AM

supudp.gif

 

Example of using standard technical analysis methods to indicate a change in trend from down to up has occurred.
Note the previous low October 2015 held the selling from May 2015 to February 2016 then broke out above the down trend tops trend line.


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#6 OEXCHAOS

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Posted 24 July 2017 - 12:29 PM

That's good stuff, Larry!

 

Mark


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#7 LarryT

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Posted 25 July 2017 - 07:39 AM

supudp.gif

 

Example of using standard technical analysis methods to indicate a change in trend from down to up has occurred.
Note the previous low October 2015 held the selling from May 2014 to February 2016 then broke out above the down trend tops trend line.


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)

#8 LarryT

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Posted 25 July 2017 - 07:40 AM

 

supudp.gif

 

Example of using standard technical analysis methods to indicate a change in trend from down to up has occurred.
Note the previous low October 2014 held the selling from May 2015 to February 2016 then broke out above the down trend tops trend line.

 


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)