New high, old trend

Successive R2 curve potentials reveal price (black strike-throughs) to be on the high side of a slacking trend. Some do "T"'s, I do "umbrellas".





Two ways for price to go... up or down. Upward price deviates the trend's amplitude downward. Downward price brings price back to the curve crest (nominal trend) and raises the amplitude (and it fills the gap). Maybe there's only one way to go, really.





R2 is derived from a 1ema-200ema scatter chart (shown in histogram fashion here). An R2 curve spectrum of +/-100 ^GSPC (SPX) points from closing prices are what's shown in the charts above.

Edited by spielchekr, 18 October 2009 - 08:53 PM.

You scare me. I know enough to know I don't know.

You scare me.
I know enough to know I don't know.

Yes. I don't understand.

Is the R2 curve created from an array of correlations to your 1-200 ema curve of price?

jjc

Palisades Research
Monday:
S&P Up 46%
Amount +0.78%

Down 54%
Amount -1.043%

BUT...this poor guy has had a tough year.
Down 2 1/2% this year.

Some do "T"'s, I do "umbrellas".

I find that swizzle sticks usually do the job....

You scare me.
I know enough to know I don't know.

Yes. I don't understand.

Is the R2 curve created from an array of correlations to your 1-200 ema curve of price?

jjc

Yes, array of correlations between price and the trend per all ema's from 1 through 200. Closing price on the x-axis shows its R2 position on the R2 curve. Changing the closing price shifts the curve results about (up or down, left or right).

BTW, this is a handy item to have. I used its ARRAY.JOIN function.

http://download.cnet...4-10423159.html

You scare me.
I know enough to know I don't know.

Yes. I don't understand.

Is the R2 curve created from an array of correlations to your 1-200 ema curve of price?

jjc

Yes, array of correlations between price and the trend per all ema's from 1 through 200. Closing price on the x-axis shows its R2 position on the R2 curve. Changing the closing price shifts the curve results about (up or down, left or right).

1104.4 (.59% higher) is tomorrow's (cash) price where the peak of the r2 potential curve actually begins to descend. Futures are already toying around within a buck of its comparable price level. Gapping over this and/or closing over this would be yet another fresh and unprecedented milestone in irrational exhuberance. When this game finally stops working (and it will), I think that even the bears will be astonished at how harsh the drop will be.

I wish everybody was more bullish.

Oct 19th Comment: No change to mid Oct top. ARMS is high and market will try to reach high envelop level.

Selling is appropriate on these rallies. Terry Laundry

1115 is the envelope top this week.

Yah, but the tone is absolutely shrill, if there's any qualitative measurements to be considered for sentiment. And I'm seeing a reappearance of savvy trolling on certain TA boards. I think the mother lode of this trend has been strip mined down to the bedrock.

I wish everybody was more bullish.

Oct 19th Comment: No change to mid Oct top. ARMS is high and market will try to reach high envelop level.

Selling is appropriate on these rallies. Terry Laundry

1115 is the envelope top this week.

Edited by spielchekr, 20 October 2009 - 06:03 AM.