We got the old MSS 8/34 cross

NDX crossed up in late May.
INDU is just now crossing up.
Do not mess with MSS!

PS: My SPX 888 post would have been a nice entry.

Rogerdodger
Importance of 888 on big volume
Jul 13 2009, 01:30 PM
SPX 888 area is one to watch.
Positive above here.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=0&dy=0&i=p28233431990&a=31991787&r=8840.png

Edited by Rogerdodger, 27 July 2009 - 10:45 PM.

Thanks Roger. And thanks MSS. That really IS a biggie. Seriously. D

I watch this too, and I will be curious to see how long this particular signal lasts. Maybe it will be good for quite a while, but the violence of the swings since last fall makes me wonder if we aren't in for more roller coaster, and maybe even a whipsaw on this usually rock solid indicator. I hope a real bull is here though. It would be better for all of us. As I said I would, I put on a partial long position at the close today since it was above 980.

George taught me how to do some computer testing. Testing from 1960-2009, the best xMa cross-over for weekly charts is: 30,93 From 1960-1995 it's: 9,34 Those numbers are pretty far apart. Too easy to curve fit. No gold there George.

Testing from
1960-2009, the best xMa cross-over for weekly charts
is: 30,93

Was that a typo lennie? You don't mean 30 week and 93 week ema's do you?? 9/30 maybe?

By the way, the 8/34 (ema) crossed up last Monday; the 9/34 (ema) crossed up 4 days later on Friday. Might account for the persistent bids under the market as Institutional money getting triggered on these buy sigs.

Edited by IYB, 28 July 2009 - 02:10 AM.

IYB, are you checking out the action in forex over night? Its getting hairy... just ran all the stops EUR/USD, GBP/USD, USD/CAD. Interestingly US futures ignoring the action.

IYB are you checking out the action in forex over night? Its getting hairy... just ran all the stops EUR/USD, GBP/USD, USD/CAD. Interestingly US futures ignoring the action.

Hey Chax. Watchin' every tick! Very interesting. The USD made a new low for the year, Euro a new 7 week high, 35 ticks from making a new high for the year....YET the ES never went green on all of that, and the dollar now picking up a bid. Euro being repelled from the highs.

So what does all that mean? My theory is that the traders know that the USD has very solid support beneath the lows, and are supporting the ES, figuring buck won't break down. If my theory is sound, equities should be starting a general correction from here.

Caveat, though: If the buck buckles, all bets are off.

PS Z has the 981 now he was looking for. Wonder if he's taking it?

IYB are you checking out the action in forex over night? Its getting hairy... just ran all the stops EUR/USD, GBP/USD, USD/CAD. Interestingly US futures ignoring the action.

Hey Chax. Watchin' every tick! Very interesting. The USD made a new low for the year, Euro a new 7 week high, 35 ticks from making a new high for the year....YET the ES never went green on all of that, and the dollar now picking up a bid. Euro being repelled from the highs.

So what does all that mean? My theory is that the traders know that the USD has very solid support beneath the lows, and are supporting the ES, figuring buck won't break down. If my theory is sound, equities should be starting a general correction from here.

Caveat, though: If the buck buckles, all bets are off.

PS Z has the 981 now he was looking for. Wonder if he's taking it?

Im thinking along the same lines . I'm just trying to figure out where to short EUR/USD. I think I'm gonna wait for the break.... in the meantime

Testing from
1960-2009, the best xMa cross-over for weekly charts
is: 30,93

Was that a typo lennie? You don't mean 30 week and 93 week ema's do you?? 9/30 maybe?

By the way, the 8/34 (ema) crossed up last Monday; the 9/34 (ema) crossed up 4 days later on Friday. Might account for the persistent bids under the market as Institutional money getting triggered on these buy sigs.

No typo.

Edited by TTHQ Staff, 28 July 2009 - 01:28 PM.

Looking at the signals back to 1981 I'll take the 8/34 over the 30/93. You stated 1960 and I didn't evaluate that far back so that may be a completely different picture. Signals generated by the 8/34 cross would be more my style looking back to 1981.

Edited by Cirrus, 28 July 2009 - 07:31 AM.