SELL Signal

The SELL signal was reinforced by the close today:

http://www.traders-t...howtopic=112137

If we get a bounce Monday, I'd add more.......

Hi Red, what is your take on you cpce indicator. It has not issued a sell signal yet, do you still look at it ?

Edited by watcher, 16 October 2009 - 04:38 PM.

Hi Red, what is your take on you cpce indicator. It has not issued a sell signal yet, do you still look at it ?

I'll let Red answer for himself, of course, but here's my outlook on $CPCE: Just a matter of time frame. Typically the daily is a confirming rather than predictive indicator.

I agree with RF, having hourly and daily sells across the board.

http://stockcharts.com/c-sc/sc?s=$CPCE&p=30&yr=0&mn=1&dy=0&i=p35279134668&a=180587747&are=727.png
http://stockcharts.com/c-sc/sc?s=$CPCE&p=60&yr=0&mn=1&dy=0&i=p03535771388&a=180526042&are=655.png
http://stockcharts.com/c-sc/sc?s=$CPCE&p=D&yr=1&mn=0&dy=0&i=p36352806229&a=170448188&are=6592.png

Just before I leave for the day, I'll back up RF's sell signal with this repeat post from earlier in the week. The NAMO pattern is identical to NYMO below, and both NYSI and NASI heading South along with all of other daily and hourly sigs. Good weekend all....D

The recent rally is highly reminiscent of the late June rally, just before the decline to the retest low in early July, which then set up another big run off that low. Notice that then and now that NYMO got barely positive in the late June rally and in this recent run-up, and therefore in each case, NYSI showed just a tiny upward inflection before turning down again heading for the retest low. The relative weakness in the NYSE volume McO below the NYMO chart is even more pronounced. JMH view. Regards, D

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2009-02-01&en=2009-12-21&i=p78799162625&a=175707857&are=298.png
http://stockcharts.com/c-sc/sc?s=$NYSI&p=D&st=2009-01-01&i=p27874977440&a=178663571&are=2296.png
[attachment=13464:000105.png]

Edited by IYB, 16 October 2009 - 05:30 PM.

What do you consider a sell signal for CPCE... .55 is pretty low, is it not?

What do you consider a sell signal for CPCE... .55 is pretty low, is it not?

As long as the 8 ema is ABOVE the 34 ema, regardless of level, the market tends to trend downward, and when it is below, the market tends to trend upward. But as said, it often is confirming rather than leading....

Folks: CPCE 10 day ema alone already turned from the extreme and it does not have to cross 50 ema for RF2 to generate a signal since it's one of the components which make RF2 signals.

Edited by redfoliage2, 16 October 2009 - 10:08 PM.

Folks: CPCE 10 day ema alone already turned from the extreme and it does not have to cross 50 ema for RF2 to generate a signal since it's one of the components which make RF2 signals.

The good thing for longs is that this signal is at its early stage................