6 replies to this topic

[IYB]

The hourly sentinels with which I've been working lately are lining up for a sell, possibly from the opening bell Monday, depending on initial breadth. Five of the seven are on on sell as of late Friday, and the hourly NY ADV and NAZ ADV MCO's are ready to cross negative and complete the signal with any negative breadth Monday AM. The signal would be delayed by strong positive breadth. Still within the context, of course, of an IT uptrend. Just something I'm working on, fwiw:

http://stockcharts.com/c-sc/sc?s=$TICKQ&p=60&yr=0&mn=2&dy=0&i=p82114387566&a=165728820&r=637.png
http://stockcharts.com/c-sc/sc?s=$TICK&p=60&yr=0&mn=1&dy=0&i=p91989676127&a=163951269&r=2926.png
http://stockcharts.com/c-sc/sc?s=$TRIN&p=60&yr=0&mn=2&dy=0&i=p36977980396&a=165727585&r=5872.png
http://stockcharts.com/c-sc/sc?s=$TRINQ&p=60&yr=0&mn=2&dy=0&i=p96159174171&a=165728193&r=9460.png
http://stockcharts.com/c-sc/sc?s=$NAADV&p=60&yr=0&mn=2&dy=0&i=p65429902428&a=165729099&r=3807.png
http://stockcharts.com/c-sc/sc?s=$NYADV&p=60&yr=0&mn=2&dy=0&i=p65429902428&a=165729090&r=1968.png
http://stockcharts.com/c-sc/sc?s=$VIX&p=60&yr=0&mn=1&dy=0&i=p12800421595&a=163768723&r=2017.png

[dcengr]

Banks aren't done screwing the bears yet

[MoneyFriend]

Banks aren't done screwing the bears yet

I find it suspicious that nearly all the big banks reported earlier than most other companies, the busiest of the earnings season will be the next 2 weeks, and most the large banks already reported. Avoiding getting caught up in other sectors crap earnings perhaps??

[cgnx]

Wow, that would be big news. Now, is this your new improved version? Your signals appear to be very worthwhile. A signal at this point would be very important.

[IYB]

By the way, the last time I posted a ST sell signal (which was the first time I had posted any ST signal from the work I'm doing) was March 28 - which was followed immediately by a very sharp break and is the very point in Selecto's post below when his MACD started it's current downward path. Just a minor point of interest....

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p24356331235&a=163230813&r=1346.png

Just a follow up on some things discussed here last weekend. Running MCO readings on TICK and TICKQ revealed that Thursdays peak prices were met by neg hourly MCO's. Hourly trendline of TICK/TICKQ also broke down at that point. Both seem to indicate that we've entered corrective phase for first time since March 10 kickoff......

http://stockcharts.com/c-sc/sc?s=$TICK&p=60&yr=0&mn=1&dy=0&i=p97568221277&a=163951269&r=9701.png

http://stockcharts.com/c-sc/sc?s=$TICKQ&p=60&yr=0&mn=1&dy=0&i=p97568221277&a=164199051&r=8176.png

http://stockcharts.com/c-sc/sc?s=$TICK&p=60&yr=0&mn=1&dy=0&i=p98312016248&a=163765958&r=6128.png

http://stockcharts.com/c-sc/sc?s=$TICKQ&p=60&yr=0&mn=1&dy=0&i=p98312016248&a=164198991&r=8504.png

[thespookyone]

Don-Thanks for the post-appreciated. Hard not to "not like" that negative MCO divergence. One of the simple equations I live and die by is breadth leads price-here she comes.

[Rogerdodger]

Don,
If You Believe:

for Monday April 20, 2009:
"we believe there is more to achieve by testing the upside after some downside probing early in the new week."
Gene Inger

Edited by Rogerdodger, 19 April 2009 - 09:25 PM.