2 replies to this topic

[mss]

Have not posted BOP charts in awhile and thought now was a good time to take a look at the flow of money from the BOP calculations.
The first chart has a very interesting pattern on it outlined by two vertical dotted lines passing through the low and high price points, with the low and high connected by a sloping dotted line. From a visual stand point seems to be meaningful. PLEASE COMMENT ON THIS CHART.



The long term BOP is not suggesting much flow to the upside yet.



The power chart is weak looking also.



However the SCH chart is suggesting on large move soon.



The last chart is a series of the BOP sma to give a broad view of money flow as calculated by this system.



Now after so many charts suggesting a continued decline EXPECT a large rally very soon.
Comments welcome,
mss

[mss]

Have not posted BOP charts in awhile and thought now was a good time to take a look at the flow of money from the BOP calculations. The first chart has a very interesting pattern on it outlined by two vertical dotted lines passing through the low and high price points, with the low and high connected by a sloping dotted line. From a visual stand point seems to be meaningful. PLEASE COMMENT ON THIS CHART. [attachment=6894:spx8trn42008.png] The long term BOP is not suggesting much flow to the upside yet. [attachment=6895:89bop42008.png] The power chart is weak looking also. [attachment=6896:power042008.png] However the SCH chart is suggesting on large move soon. [attachment=6900:sch042008.png] The last chart is a series of the BOP sma to give a broad view of money flow as calculated by this system. [attachment=6898:lgbopterm42008.png] Now after so many charts suggesting a continued decline EXPECT a large rally very soon. Comments welcome, mss

[SilentOne]

hi scott, Interesting charts and thanks for the timely post. I see the bounce as weak and now we've stalled at $SPX 1396, major resistance. I expected more out of the last low and it did not really materialize. I have been eyeing a potential top here (April 18 - 22) and it appears it is in. Now I look for the next low in the first half of May. There should be a good leg up from there into early June. Back to day trading again. cheers, john

Edited by SilentOne, 22 April 2008 - 11:36 AM.