10 replies to this topic

[Rogerdodger]

Sentimentrader went from 80% bullish two days ago to about 45% tonight.
This action is the same as what happened early last week.
If you use the closing prices only for the uptrend line, it held today.
Fairly low closing tick just like the previous lows.
SO... could tomorrow (WWW) give us a candle like the Nov. 21st low and reversal?
Or how how about a Dec. 21st white candle?
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p48845342763&a=95529637&r=5623.png

Edited by Rogerdodger, 10 February 2009 - 08:35 PM.

[mogreen]

TRIN today was 5.80 with a one way max SPX 9 up and 491 down NDX 3 up and 97 dow INDU 0 up and 30 down Pretty much Climax Volume of 8.4 billion too. I'm only bearish if we Close under SPX 820. with 804 the recent base.

[dcengr]

Overlay your chart with Equity P/C for additional insight.

[10Shekel]

Sentimentrader went from 80% bullish two days ago to about 45% tonight.

RD,
Another interesting note from Danz:

"if today's close is still higher than last Wednesday
close, it's good short Wednesday open to the close"

- correct me if i'm wrong but this did not happen (today's close was lower than last Wed close..)?

Also,
Thanks for setting me straight on the Terry T reply. I agree with you. I don't think he necessarily changed his system but rather responded to market conditions.

I'm slowly learning about how much i don't know.....

[Rogerdodger]

I'm slowly learning about how much i don't know.....

And once we learn it all, we begin to forget it all.

Edited by Rogerdodger, 10 February 2009 - 09:41 PM.

[10Shekel]

I'm slowly learning about how much i don't know.....

And once we learn it all, we begin to forget it all.

So that's the true 40 year cycle??

[Rogerdodger]

[TheArchitect]

i wouldnt' be surprised to see some divergence in the closing TICK and NYADV on another down day tomorrow before a rally

[Rogerdodger]

i wouldnt' be surprised to see some divergence in the closing TICK and NYADV on another down day tomorrow before a rally

Well, it could easily be a November 20th instead of a 21st.
The potential is there for either way.

I don't think we'll get an 80 SPX point total move like the 20th but it could be big, either way.

[traderpaul]

i wouldnt' be surprised to see some divergence in the closing TICK and NYADV on another down day tomorrow before a rally

Well, it could easily be a November 20th instead of a 21st.
The potential is there for either way.

I don't think we'll get an 80 SPX point total move like the 20th but it could be big, either way.

Roger, i think she said "ha, please don't ask!"