Jump to content



Photo

Ready for a quick bounce


  • Please log in to reply
2 replies to this topic

#1 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,330 posts

Posted 15 November 2017 - 08:59 PM

From the Link:

 

 

Damage has been going on inside the market for several days and finally the indexes showed some of it with all major indexes down today.

 

But just as the market is looking vulnerable to more decline (and may get some), the swing signals are getting oversold (see table below). Price is down only two days in a row but only two minor upticks kept it from being down five from the last high up day. CNN Money’s Fear and Green index continued to ratchet down. Long-term breadth is down 22 days. That’s getting to be a long time and it is now deeply oversold. And the Short-term Breadth and Volatility signals are both down five consecutive days. Five days is usually too many without a bounce.

 

For more and charts:

 

Ready for a quick bounce


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#2 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 8,193 posts

Posted 15 November 2017 - 11:21 PM

From the Link:

 

 

Damage has been going on inside the market for several days and finally the indexes showed some of it with all major indexes down today.

 

But just as the market is looking vulnerable to more decline (and may get some), the swing signals are getting oversold (see table below). Price is down only two days in a row but only two minor upticks kept it from being down five from the last high up day. CNN Money’s Fear and Green index continued to ratchet down. Long-term breadth is down 22 days. That’s getting to be a long time and it is now deeply oversold. And the Short-term Breadth and Volatility signals are both down five consecutive days. Five days is usually too many without a bounce.

 

For more and charts:

 

Ready for a quick bounce

bounce.....how many thousand points?????



#3 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,330 posts

Posted 16 November 2017 - 02:17 PM

From the Link:

 

 

Damage has been going on inside the market for several days and finally the indexes showed some of it with all major indexes down today.

 

But just as the market is looking vulnerable to more decline (and may get some), the swing signals are getting oversold (see table below). Price is down only two days in a row but only two minor upticks kept it from being down five from the last high up day. CNN Money’s Fear and Green index continued to ratchet down. Long-term breadth is down 22 days. That’s getting to be a long time and it is now deeply oversold. And the Short-term Breadth and Volatility signals are both down five consecutive days. Five days is usually too many without a bounce.

 

For more and charts:

 

Ready for a quick bounce

 

 

Pardon me while I clear my throat.... smile.png

 

DAY TRADING SPY OPTIONS


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.