This Indicator Is in Confirmed SELL

http://stockcharts.com/h-sc/ui?s=$CPC...id=p25461191864

Note: After regular market is closed at 4 pm EDT, CPCE data somehow is often skewd up. I only look at it while the regular market is open.

Edited by redfoliage2, 22 October 2009 - 11:39 AM.

breadth wise market is actually somewhat oversold, and bears have achieved very little on all that negative breadth price wise all of the drop could easily be regained on one 2000+ breadth day however based on other stuff, i think that we will soon get a bigger move down we may need one more high, but could also have begun the bigger move down i think it is unconfirmed at the moment

breadth wise market is actually somewhat oversold, and bears have achieved very little on all that negative breadth we just came off the highs and had 1 down day, how much were "the bears" supposed to gain? last I looked the ball is in the bulls court overall, and its theirs to lose. We have initial evidence of deterioration on some things, but not much else so far.

breadth wise market is actually somewhat oversold, and bears have achieved very little on all that negative breadth

we just came off the highs and had 1 down day, how much were "the bears" supposed to gain? last I looked the ball is in the bulls court overall, and its theirs to lose. We have initial evidence of deterioration on some things, but not much else so far.

Yes, bears have not achieved much, and do you think this is a good thing for the bears or for the bulls? i.e. there still is a tug of war at the top. The probability that it will resolve down is much greater than up. At this point I see it needs a magic to make it resolve up.

My jury is still out. Could be turning the other way as CPCE is looking toppy.
http://stockcharts.com/c-sc/sc?s=$CPC&p=D&yr=0&mn=6&dy=0&i=p77199334841&a=31062200&are=8644.png

breadth wise market is actually somewhat oversold, and bears have achieved very little on all that negative breadth

we just came off the highs and had 1 down day, how much were "the bears" supposed to gain? last I looked the ball is in the bulls court overall, and its theirs to lose. We have initial evidence of deterioration on some things, but not much else so far.

" initial evidence of deterioration" - agree

bears should have gained more in terms of nymo already being at -40, and in terms of breadth being negative again today with little price deterioration

VST maybe. But 10 ema just crossed the line and not toppy at all in longer time frame and this indicator works best on daily chart. It's hard to get a reliable signal from the CPCE price itself.

Edited by redfoliage2, 22 October 2009 - 12:35 PM.

bears should have gained more in terms of nymo already being at -40, and in terms of breadth being negative again today with little price deterioration [/quote] internals stall, and start to deteriorate first, as price makes new highs. Then internals start down, and price can make another new high(like yesterday). Lastly, price tops out, which we may or may not have done. Do we get one more marginal new high with broken down internals? ahhh, that is the question. I'm already in my position, so getting stopped out is my only concern.

Edited by tommyt, 22 October 2009 - 12:50 PM.