Edited by andiron, 10 November 2009 - 07:53 PM.
why this is unlike all rebounds since july
Started by
andiron
, Nov 10 2009 07:51 PM
5 replies to this topic
#1
andiron
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Posted 10 November 2009 - 07:51 PM
1. RUT vs SPX divergence
2 BKX vs SPX divergence
RUT was leading fuel until oct decline..
so market would not be expected to repeat as something is dragging it down...
#2
porsche911sg
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Posted 10 November 2009 - 07:56 PM
ASIA is not recting, but I just went long on nikkei it's day trade scalp. Strange...1. RUT vs SPX divergence
2 BKX vs SPX divergence
RUT was leading fuel until oct decline..
so market would not be expected to repeat as something is dragging it down...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
Lee48
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Posted 10 November 2009 - 08:08 PM
That's what I'm concerned about andiron. The bull move is getting old with some leaders lagging.
#4
Rogerdodger
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Posted 10 November 2009 - 10:55 PM
NYMO is not surging as it did at the July rally.
See the dots:
http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=1&mn=0&dy=0&i=p59190029457&a=112527926&r=1600.png
See the dots:
http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=1&mn=0&dy=0&i=p59190029457&a=112527926&r=1600.png
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
IYB
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Posted 11 November 2009 - 12:25 AM
Exactly. Today the Seven Sentinels had a chance to go to a buy signal but did NOT because BPCOMPQ downticked along with NYMO, NAMO, NYAD, NAAD. That didn't happen at this point in July (but did in June). And it makes me believe that Terry's original projection is very much on track- he said top Monday or Tuesday then down into 900's by EOM. Today seemed to tell us that though Monday was stronger than expected, Terry's original scenario hasn't changed....jmho.NYMO is not surging as it did at the July rally.
See the dots:
http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=1&mn=0&dy=0&i=p59190029457&a=112527926&r=1600.png
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#6
porsche911sg
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Posted 11 November 2009 - 02:30 AM
I think we could add some short positions here and see how it goes. Very strange rally...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
