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Prediction: Here Comes a Bear Killer Rally.


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#1 OEXCHAOS

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Posted 24 August 2018 - 08:34 AM

I can smell it. Breadth is good. They "backed into" a bunch of momentum Sells last night which is almost always a fade. New highs beckon.

 

 


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#2 q4wer

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Posted 24 August 2018 - 09:32 AM

Yes,  buy calls full account



#3 CLK

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Posted 24 August 2018 - 09:41 AM

Yes,  buy calls full account

 

A bit skeptical huh? A good call is a good call, don't fight the tape.



#4 SemiBizz

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Posted 24 August 2018 - 09:44 AM

Where are the bears?  there must be one somewhere...


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#5 Data

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Posted 24 August 2018 - 09:55 AM

I wouldn't call them momentum signals. Indicator flips where the index moves 0.1 percent are filtered out as noise.  Some filter intermediate-term signals at 1 percent.



#6 LMF

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Posted 24 August 2018 - 10:00 AM

Breakouts from triangle consolidations on the NDX and the RUT......good while it lasts.  And then the potential for some pretty ugly charts by October.  Ending diagonals.....



#7 libertas

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Posted 24 August 2018 - 10:36 AM

Well that would be an excellent setup for a fall crash. Yum.



#8 libertas

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Posted 24 August 2018 - 10:50 AM

1929 high was on 9/3, 1987 on 8/25. Hmmm.



#9 OEXCHAOS

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Posted 24 August 2018 - 01:55 PM

I wouldn't call them momentum signals. Indicator flips where the index moves 0.1 percent are filtered out as noise.  Some filter intermediate-term signals at 1 percent.

 

Those "momentum signals" aren't filtered by the amateurs. That's why they're fades and good "signals". :)


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#10 dowdeva

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Posted 24 August 2018 - 02:55 PM

Good call, Mark.

 

Intraday-day breadth on SPX was good today also. Very clear signals.

 

May I ask a question, if the information is not proprietary?

 

How does 'backing' into a momentum sell, look as opposed to - well, the other?

 

Thanks in advance.

 

On another site I stated that I have a trading range in the books for a while, till a clear signal is given. But clearly, there's a alight upward bias so far.

 

Best regards to you and the board.

 

~D


Edited by dowdeva, 24 August 2018 - 02:56 PM.