3 replies to this topic

[tsharp]

Navistar was in my financial feed a couple weeks ago, but I wasn't able to get to looking at it until today.

 

What an interesting chart!  How long can a bear market endure? How about since late 1980?

 

From what I can discern, NAV peaked in its WAVE-ONE in late 1980 and has been working its way down to a WAVE-TWO low since then... 

 

It appears to have one more down move remaining in a wave-e:C:TWO that could take it down to the ~3 range... twt.

 

P.S.  Navistar is the holding company for International (buses), so as long as schools need buses, it seems it will have business.

 

 

 

[PrintFaster]

Bulls need to watch this.  NY Summation Index is still in a downtrend.

 

 

[OEXCHAOS]

http://schrts.co/PPqanN

 

[CLK]

SPX hourly topped on a higher MACD high, that usually gets retested before a top. Futures are disappointing

so far but I don't trade them so I wait. ITBM is still moving up at a fast pace.

 

The plan going forward is to cash out around a double on Calls and 50% gain on Puts, the market usually doesn't give more than that.

I had a double as of Friday early but not now, so will look to exit on a retest unless it gets new momentum above the highs.