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Long, strong, with more to come


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#1 diogenes227

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Posted 11 March 2018 - 09:33 PM

From the link:

 

 

Once again, the market internals, ruled by short-term and long-term breadth, called the swing low, the turn, and the rally (see the circles and lines on the chart below).

 

So why bring this up now?

 

Because there is more to come in this bull market, either right away or right after a shallow pullback. The short-term breadth indicator is just too strong to be turned on a dime, and with the long-term breadth having just come out of a divergence itself (see the circle in the middle of the chart), there is a good chance this rally has another three, four, or more weeks to run before any significant sell-off is possible. So every dip is to be bought, and every surge savored.

 

For more discussion and the chart:

 

MARKET TIMING - long, strong, with more to come


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

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

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#2 da_cheif

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Posted 11 March 2018 - 09:59 PM

better late then never.....675ono      snort



#3 alexnewbee

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Posted 12 March 2018 - 01:43 AM

better late then never.....675ono      snort


LOL, you were nowhere to be seen @2600 but after the rally your post count goes exponential )) why is that?
"we do G.d's work" Lloyd Blankfein

#4 NAV

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Posted 12 March 2018 - 01:51 AM

 

better late then never.....675ono      snort


LOL, you were nowhere to be seen @2600 but after the rally your post count goes exponential )) why is that?

 

 

It's called the "Superman Costume Indicator" :-)


Edited by NAV, 12 March 2018 - 01:53 AM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#5 andr99

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Posted 12 March 2018 - 05:09 AM

 

 

better late then never.....675ono      snort


LOL, you were nowhere to be seen @2600 but after the rally your post count goes exponential )) why is that?

 

 

It's called the "Superman Costume Indicator" :-)

 

 

it's my favourite confirmation tool.....


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#6 da_cheif

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Posted 12 March 2018 - 05:22 AM

 

better late then never.....675ono      snort


LOL, you were nowhere to be seen @2600 but after the rally your post count goes exponential )) why is that?

 

of course 675 ono and watch the sky meant nothing to you......and you fought the tape all the way up       http://www.siliconinvestor.com/readmsg.aspx?msgid=29309213&srchtxt=red%20line   ....   get a life



#7 OEXCHAOS

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Posted 12 March 2018 - 06:42 AM

And he was on vacay.


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#8 CLK

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Posted 12 March 2018 - 09:03 AM

Gapped up to a new swing high, short term bearish.



#9 q4wer

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Posted 12 March 2018 - 09:05 AM

I believe that this rally is a relief of US - NK tension. New high is very likely.