7 replies to this topic

[OEXCHAOS]

This is the first one in a long while.

Note, this is NOT actionable without a trend change.

White Paper here:
http://www.traders-t...howtopic=116382

I'll post a current chart tomorrow when I make it.

Mark

[SemiBizz]

FYI From Tomorrow's Subscriber Forecast:

The day ended on Thursday with a closing tick of +501.00, and that is mildly hysterical - so we're looking for either a gap down or a moderate pullback on any additional gap up opening which we could see now as the DJIA closed just under the magic round 13000 number. So we could push into that on a gap up, then see a moderate pullback.

Happy Trading !

[Dex]

FYI From Tomorrow's Subscriber Forecast:

The day ended on Thursday with a closing tick of +501.00, and that is mildly hysterical - so we're looking for either a gap down or a moderate pullback on any additional gap up opening which we could see now as the DJIA closed just under the magic round 13000 number. So we could push into that on a gap up, then see a moderate pullback.

Happy Trading !

http://online.wsj.co...dingdiary2.html

Which closing tick is a 501? I see 599 on NYSE.

Could you give a bit more info on how big a "moderate pullback" #/% is and is it for a day or longer.

Thanks

PS - IYB hinted at that there might be a 7s in the offing.

Fib appears to be looking for higher prices.

If the RUT breaks above 830, along with the euro and Treasury bill getting stronger; I'd be bullish. So, people should probably fad me.

Edited by Dex, 23 February 2012 - 09:01 PM.

[tozwp]

This is the first one in a long while.

Note, this is NOT actionable without a trend change.

White Paper here:
http://www.traders-t...howtopic=116382

I'll post a current chart tomorrow when I make it.

Mark

Mark - I thought the trigger was 80 or greater. Its only 76.28. The chart on NAAIM's site is a little misleading. It appears to be over 80 but the value is reported below at 76.

Edited by tozwp, 23 February 2012 - 09:42 PM.

[vitaminm]

The chart on NAAIM's site is a little misleading.............What's link for this site?

[tozwp]

The chart on NAAIM's site is a little misleading.............What's link for this site?

http://www.naaim.org...dsenttrend.aspx
Decisionpoint also has this data.

[andiron]

that chart tells me that active managers get long after multi month rally...assumption being another bull and not to be left behind frenzy....their clients have been punched twice..but real slaughter lies ahead...

[OEXCHAOS]

I follow the MEDIAN exposure, not the mean. This is well into Sell Territory. Andiron, I actually find that this crew tends to get pretty bullish when they should be. The most aggressive of them have been leverage up long. They're now paring back a bit. I've seen them get real long really quickly at turns. But, just like us, they've got a bunch of inveterate top-pickers in their midst. Unlike most, however, they change their tune quickly when wrong. Mark