major divergence at the close today

the 14 day stochastic has drastically diverged from the 8 day MACD. the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading when russell formed this index this as ALWAYS lead to a crash on monday

the 14 day stochastic has drastically diverged from the 8 day MACD.

the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading
when russell formed this index this as ALWAYS lead to a crash on monday

http://stockcharts.com/charts/gallery.html...6;NYA:$RUT Does this chart buttress your implication.? From July to Sept 2008, the market crashed when there was such glaring underperformance of the NYA relative to the RUT.?

Does this trend portend more than a one day crash on Monday.?

Mark Hulbert's survey of advisory sentiment is the most bullish in the past 3 years. I saw a chart with the latest readings of bullishness in the AAII survey, also the most bullish in 3 years.

Are all those on the bullish bus going to Vegas with their paper profits, or will that 'bus' get a flat tire , en route.?

the 14 day stochastic has drastically diverged from the 8 day MACD.

the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading
when russell formed this index this as ALWAYS lead to a crash on monday

You are mean man Atlas. Didn't the forest ranger ever tell you not to tease the bears?

Edited by IYB, 05 March 2010 - 05:42 PM.

the 14 day stochastic has drastically diverged from the 8 day MACD.

the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading
when russell formed this index this as ALWAYS lead to a crash on monday

You are mean man Atlas. Didn't the forest ranger ever tell you not to tease the bears?

lol...actually my point is to make clear how dangerous posters can be to those who are new and want to learn the "correct" way to "interpret" signals.

yes TA is arbitrary but there are "common" things that form the foundation for tech analysis...like drawing a simple trendline from connecting the lows...right!

or correctly interpreting what a "divergence" is

I blew up my book at Merrill when i was a young broker in the early 90's from following people i thought knew what they were doing..

basic "principle" tools of technical analysis have to be accepted and obeyed by the participating parties for the mkt to trend at all...other wise you would never have trends and the mkt would just move in random fashion...and it doesnt... its the same reason we have laws...to prosecute those that yell fire in a crowded strip bar...especially when i have two more songs coming on my trifecta lap dance

Edited by atlasshrugged, 05 March 2010 - 06:29 PM.

the 14 day stochastic has drastically diverged from the 8 day MACD.

the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading
when russell formed this index this as ALWAYS lead to a crash on monday

http://stockcharts.com/charts/gallery.html...6;NYA:$RUT Does this chart buttress your implication.? From July to Sept 2008, the market crashed when there was such glaring underperformance of the NYA relative to the RUT.?

Does this trend portend more than a one day crash on Monday.?

Mark Hulbert's survey of advisory sentiment is the most bullish in the past 3 years. I saw a chart with the latest readings of bullishness in the AAII survey, also the most bullish in 3 years.

Are all those on the bullish bus going to Vegas with their paper profits, or will that 'bus' get a flat tire , en route.?

tom where in the funk do you come up with AAII being the most bullish in three years...where in the funk do you come up with such bs

To the first point about advisory sentiment as measured my Mark Hulbert:
http://www.marketwat...03-05?dist=news

I'll see if I can find the chart on the AAII Sentiment survey again and will post the link here if I can find it again

the 14 day stochastic has drastically diverged from the 8 day MACD.

the most bearish implication is that the russell 2k made a new high but the NYA has not...this is extremely bearish and throughout 150 years of trading
when russell formed this index this as ALWAYS lead to a crash on monday

http://stockcharts.com/charts/gallery.html...6;NYA:$RUT Does this chart buttress your implication.? From July to Sept 2008, the market crashed when there was such glaring underperformance of the NYA relative to the RUT.?

Does this trend portend more than a one day crash on Monday.?

Mark Hulbert's survey of advisory sentiment is the most bullish in the past 3 years. I saw a chart with the latest readings of bullishness in the AAII survey, also the most bullish in 3 years.

Are all those on the bullish bus going to Vegas with their paper profits, or will that 'bus' get a flat tire , en route.?

tom where in the funk do you come up with AAII being the most bullish in three years...where in the funk do you come up with such bs

To the first point about advisory sentiment as measured my Mark Hulbert:
http://www.marketwat...03-05?dist=news

I'll see if I can find the chart on the AAII Sentiment survey again and will post the link here if I can find it again

go to sentimentrader.com...jason has a gazillion years of the history..its no where near overly bullish

Here you go IC.

come on guys---charts, surveys, sentiment, divergence-------all are probability tools. Have you ever watched a basketball game when the losing team needs a 3 point shot from 30-50' away to win the game? What is the probability or divergence. Today before open ---probability says go short ---the unemployment report was going to be awful. It came in (does not matter if correct)---not bad. 3 point shot went in--not pretty but went in. Divergence at the close----different from the mean---so what!!!

Here you go IC.

clk, what kind of target

looks like 2003?

http://1.bp.blogspot.../s1600-h/52.png

Edited by snorkels4, 05 March 2010 - 07:51 PM.