15 replies to this topic

[dTraderB]

"If we assume that the 2014 pattern is going to continue driving stock prices in late 2018, then that should mean a dramatic rebound continuing through the end of 2018 and into 2019, without looking back. Thinking that the price pattern of 4 years ago should determine what happens now is a hard case to make. Except that for the past 3+ years, it has been working way better than all of the things which should matter. Knowing what the exact explanation is for this behavior is far less important than recognizing that the behavior happens for different reasons (obviously) than what the experts tell us about why stock prices move"

 

 

 

https://stockcharts....gain-today.html

[dTraderB]

 

NYSE: 10/18/2018   Issues   Volume(000s) Advances 707   661546 Declines 2285   2887522 Difference -1578   -2225976 10% Trend -365 . 009 -367654 5% Trend -247 . 336 -203540 McC OSC -117 . 673 -164114 PRIOR McC OSC -52 . 931 -64078 SUMM Index -414 . 303 -558374 PRIOR SUMM Index -296 . 630 -394260 A-D for OSC UNCH -483   -532 * A-D for OSC=0 1871   2751 * *million shares   DJIA Close 25379.45 PRIOR Close 25706.68 DJIA CHG -327.23 DOW Price OSC -26.59 PRIOR DOW Price OSC 3.98 Price OSC UNCH'D 25899.58
 

 

https://www.mcoscill...t_breadth_data/

[redfoliage2]

I 'd not be surprised to see new highs before the year end with a huge relief rally after the mid-term when the market sees the polical power in Washington gets balanced.

[SemiBizz]

2014 Fractal comparison is dead with yesterday's decline...

[K Wave]

Bulls held what they need to overnight...they have the ball now unless NQ 7160 take out after the open....

 

IF that were to happen, batten down the hatches...in fact, I would say get out the rain gear if we go below 7170 now

 

But for now, long off 7160 back test a couple of hours ago is the play for today...

[Data]

There was a sharp decline in US markets when the ECB announced a rate cut and pre-announced the next QE for January 2015.   That's why there was a two-way reversal due to a disruption in the currency carry trade.

[K Wave]

woopsie....

 

this could get ugly...

[K Wave]

If trannies go red now, likely to completely fall apart....

[K Wave]

NFLX has completely wiped out the massive earnings pop...can you say bearish upthrust?

[K Wave]

Now watching AAPL to see if it takes out 217 today...would be another ugly upthrust if it does...