Seven Sentinels Daily

BPCOMPQ downticked and failed to trigger SSBS. I was glad to see this, frankly, because I am uncomfortable with the idea of issuing a buy signal with NYMO/NAMO and NYHL/NAHL all downticking. The indecision continues.... So now what do we do? As they love to say in the movies "Now we wait." Good trading, D

Edited by IYB, 10 November 2009 - 06:02 PM.

Buncha dojis today, and then there are the magical green lines:





But I'm not a believer. I don't want to get in front of *******'s work being done.

You can't say ******* here? Well, JQC!!

Fascinating fanlines, selecto...if history is a guide, then this rally is over right here. Right?

Jnavin, I have nothing off momentum that lets me make that call.

Edited by selecto, 10 November 2009 - 08:28 PM.

Don, aside from Don Beasley's and others observation of using smallcaps or secondary markets as the canary in the coal mine for defining/determining periods of risk-appetite or risk-aversion, you may consider tuning SS further to follow the money. Keeping it simple, NYSI is still well in positive territory while NASI is well in negative territory. This tells you that money flow currently is favoring largecaps over smallcaps. One look at RUT vs DOW/SPX price charts and this is clear. So take a look at $BPNYA or $BPSPX or even $BPNDX as an alternate 7th signal to $BPCOMPQ. Using that as your 7th signal gives you a buy at an opportune time. Now if you take the signal, probably best to stay with largecap ETFs like SSO, DDM, QLD, or BGU as the vehicle to "follow the money" during periods of sector rotation or cap rotation that favor largecaps like right now. Not to complicate things by having multiple or at least two sets of SS daily signals, but if you can juggle multiple hourly signals in one day, I'm sure you could handle a couple of concurrent daily signals. Just something to think about. Mahalo Echo

Better yet, you can have the four friends each for largecap and secondaries. 4FNY = TRIN, NYMO, NYHL, and $BPNYA for the primary market. 4FNA = TRINQ, NAMO, NAHL, and $BPCOMPQ for the secondary markets. When both are in agreement, you can go more hogwild. If one is lagging in the signal, trend more cautiously and follow the money. Just think of how much more backtesting and research you can do now, lol. Echo

So now what do we do? As they love to say in the movies "Now we wait." Good trading, D

Exactly ! The mystery should get unveiled in the next day or two.

Edited by NAV, 10 November 2009 - 09:44 PM.

I do not think the rally will fail before the indices make the new highs and when they make the new highs with this structure, the rally is doomed to fail. Then, we will have a new low in USD and no new high in equities which will bring a severe down trend. For now, I am enjoying the little leadership in the growth stocks we have been having since Wednesday. I would like to see the new highs with the tech leadership, then secondary highs with the energy leadership and with even more lagging breadth... All in the sequence of events to come one at a time for the bigger correction to come into 60-62 wk cycle low around late March till early April of 2010...

Edited by arbman, 10 November 2009 - 11:59 PM.