9 replies to this topic

[OEXCHAOS]

The OEX 10-day is not a surgical timing tool but it does give you a pretty good heads up when you ought to be looking up, not down. Get on there and take a look over the years. When we get low as we are now, it pays to be thinking long. Maybe you have to wait a bit, maybe the lows already in. But no matter what, you should be taking your buy signals.

 

(chart courtesy StockCharts.com)

[NAV]

Sea change in sentiment - current vs Jan top. AAII bullishness in gutter and Investors Intelligence sentiment has improved. Third touch of 200 MA held. Start connecting the dots.

 

For the first time since Feb, i am getting a feeling that we may have the necessary setup to start an IT rally. But let's clear SPX 2683 first.

Edited by NAV, 04 May 2018 - 12:23 PM.

[bighouse1006]

We are going much higher.

[MaryAM]

As long as the FED keeps doing this instead of dumping this junk on the market - of course the stock market will go higher - where else is the money going to go?  Keep in mind there is no precedent in the history of the world for central banks to governments purchasing private debt to artificially hold up an economy.  The outcome is unpredictable.

 

https://fred.stlouis...org/series/MBST

[alexnewbee]

https://twitter.com/...511445249216512

[ryanoo]

https://twitter.com/...511445249216512

ur account is protected, not visible to this unsuspecting visitor..

[alexnewbee]

 

https://twitter.com/...511445249216512

ur account is protected, not visible to this unsuspecting visitor..

 

it's not my, Atilla

[12SPX]

The OEX 10-day is not a surgical timing tool but it does give you a pretty good heads up when you ought to be looking up, not down. Get on there and take a look over the years. When we get low as we are now, it pays to be thinking long. Maybe you have to wait a bit, maybe the lows already in. But no matter what, you should be taking your buy signals.

 

OEX10-dayPC2018.gif
(chart courtesy StockCharts.com)

Ya was noticing that to, could be interesting for sure!!

[Dex]

The OEX 10-day is not a surgical timing tool but it does give you a pretty good heads up when you ought to be looking up, not down. Get on there and take a look over the years. When we get low as we are now, it pays to be thinking long. Maybe you have to wait a bit, maybe the lows already in. But no matter what, you should be taking your buy signals.

 

OEX10-dayPC2018.gif
(chart courtesy StockCharts.com)

 

Isn't the OEX 10-day  used for trending markets - i.e. up/down?   

 

Since Feb, it appears to me we are in a range bound market in which the OEX 10 day is not appropriate or is of less value then a oscillator type indicator.

 

Let me know if my assumption is correct.

Thanks

[OEXCHAOS]

I use it as a bottom spotter and as a condition indicator. Below 120, generally Bullish. Above 165 a bit Bearish (warning, not a Sell signal).

 

M