6 replies to this topic

[Porter]

Monthly Trend Value -2 (questionable) Weekly Trend Value -4 (mixed) Daily Trend Value -8 (trending down) 45-minTrend Value -9 (trending down) Turtle Trend (LT) -4 (running downtrend) SPU Trend ..........Q......M.....W.....D.....45' SPU....U......U......U.....D......D Value..2......0......0......-2......-2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Monthly--Neutral (breakout of 1061 to 1108.3 determines direction) Globex 45-min Trend Down 135-min Trend Questionable ------------- Keltner Band Trend 10-day Down 7-day Down 2-day Down ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Down SB (SPX 75D) Down Chandelier Trend Zweig (MID5%) Down Stox (NAZ9%) Down Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Down ND 10D DEAD Down NY Vol McSum Down ND Vol McSum Down Seven Sentinels ...TrinQ Sell ...TrinY Sell ...NAMO Sell ...NYMO Sell ...NAHL Sell ...NYHL Sell ...BPCompQ Sell Oversold QStix Vol 38.6 Commentary The 7 Sentinels are all in Sell mode. The 8/6 spoos bottom is being tested. Porter

[kamakazeman]

Anything in the SS picture hinting at a CIT anytime soon?
----------------

Monthly Trend Value        -2  (questionable)
Weekly Trend Value        -4  (mixed)
Daily Trend Value            -8  (trending down)
45-minTrend Value          -9  (trending down)
Turtle Trend (LT)              -4  (running downtrend)

SPU Trend

..........Q......M.....W.....D.....45'
SPU....U......U......U.....D......D
Value..2......0......0......-2......-2

------------
SHORT TERM TRENDS

Opening Range Trend

Daily--Down
Weekly--Down
Monthly--Neutral (breakout of 1061 to 1108.3 determines direction)

Globex 

45-min Trend      Down
135-min Trend    Questionable
-------------
Keltner Band Trend

10-day  Down
7-day    Down
2-day    Down
-----------
Moving Average Trend

Mason-Dixon (NDX 200H) Down
Gator (SPX 13D+8) Down
Mallory (NYA 49D) Down
SB (SPX 75D) Down

Chandelier Trend

Zweig (MID5%) Down
Stox (NAZ9%)  Down
Junk (ML1%)  Up
---------------
Intermediate Momentum Indicators

NY  ITBM                          Down
NY  10D NH%                  Down
ND  10D DEAD                  Down
NY  Vol McSum                Down
ND  Vol McSum                Down

Seven Sentinels
...TrinQ                              Sell
...TrinY                              Sell
...NAMO                            Sell
...NYMO                            Sell
...NAHL                            Sell
...NYHL                            Sell
...BPCompQ                      Sell

Oversold

QStix Vol  38.6

Commentary

The 7 Sentinels are all in Sell mode.
The 8/6 spoos bottom is being tested.

Porter

<{POST_SNAPBACK}>

[Porter]

Anything in the SS picture hinting at a CIT anytime soon?

I don't understand your abbreviation "SS picture".

I am not good at anticipating CITs.

That said, the Compx will likely turn its Monthly trend Down next week.
With both the Monthly trends of the Compx and MID down, I would look for the indicators to be in a position similar to July 2002, October 2002, and March 2003 rather than similar to March 2004 and May 2004.

So far sentiment indicators like P/C are there, but others such are VIX are not.

Porter

[kamakazeman]

Anything in the SS picture hinting at a CIT anytime soon?

I don't understand your abbreviation "SS picture".

I am not good at anticipating CITs.

That said, the Compx will likely turn its Monthly trend Down next week.
With both the Monthly trends of the Compx and MID down, I would look for the indicators to be in a position similar to July 2002, October 2002, and March 2003 rather than similar to March 2004 and May 2004.

So far sentiment indicators like P/C are there, but others such are VIX are not.

Porter

<{POST_SNAPBACK}>

Seven Sentinels-
Am wondering what, if any, CIT hints there might be in the Seven Sentinels......
I don't know what the indicator status (stati) was/were in the 2002 dates,
but if it's similar to March 2003, then it would seem that a CIT watch would be worthwhile?
thx
mike

[Porter]

Yes, the Seven Sentinels are poised for a buy at anytime. That is to say they are indicating an ovesold condition. But oversold can get more oversold. And a Seven Sentinels buy signal might be very short lived. The last buy signal, when all 7 were on a buy, came at the ST top. Porter

[kamakazeman]

Thx for replying. Agree that it's best to see evidence for a change in trend as a trend is in force until it changes, or some cliche' like that... Interesting that the last buy came at the ST top, how does that affect the value of readings from the Seven Sentinels? Now that all 7 are on a sell, could that be some indication that the ST bottom is at hand. thx mike

[Porter]

Agree that it's best to see evidence for a change in trend as a trend is in force until it changes, or some cliche' like that...

I would like to see the Daily trend turn into a Trading Range before buying.
Right now the Daily trend on all four indices is Down (-2 or -3).

Interesting that the last buy came at the ST top, how does that affect the value of readings from the Seven Sentinels?

That usually does not happen.
The Seven Sentinels are great indicators.
That being said, I think the value of a buy signal is enhanced when the Daily trend is not solidly Down.

Now that all 7 are on a sell, could that be some indication that the ST bottom is at hand.

It is one indication of an oversold condition.
And anytime there is an oversold condition, there is the possibility of a bounce.

Porter