Certainly, we can bounce, but AAII and II both are showing more Bullishness even as cumulative A/D and volume are quite negative.
Unless we get some more Bearishness, this thing could actually take out the panic lows.
Mark
Complacency
Started by
OEXCHAOS
, May 20 2010 09:15 AM
9 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 20 May 2010 - 09:15 AM
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#2
Citation
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Posted 20 May 2010 - 09:31 AM
Certainly, we can bounce, but AAII and II both are showing more Bullishness even as cumulative A/D and volume are quite negative.
Unless we get some more Bearishness, this thing could actually take out the panic lows.
Mark
That's amazing, Mark! So, truly, conditioned reflexes trained over the past 13 months is a powerful force. I can see Pavlov beaming.
#3
dasein
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Posted 20 May 2010 - 09:33 AM
starting to see positive (contrarian) low numbers in ISEE - but there is still time, since this is only one needed indicator. bonds still up.
best,
klh
klh
#4
hitoya
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Posted 20 May 2010 - 09:51 AM
Certainly, we can bounce, but AAII and II both are showing more Bullishness even as cumulative A/D and volume are quite negative.
Unless we get some more Bearishness, this thing could actually take out the panic lows.
Mark
I see capitulation both yesterday and 1st hour this morning. may have more serious capitulation, though. on alert for long, but patiently waiting, dependent on how market close.
#5
MikeyG
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Posted 20 May 2010 - 09:54 AM
I thinks MSS has a target of 950...
That seems about right...
#6
hitoya
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Posted 20 May 2010 - 10:14 AM
Certainly, we can bounce, but AAII and II both are showing more Bullishness even as cumulative A/D and volume are quite negative.
Unless we get some more Bearishness, this thing could actually take out the panic lows.
Mark
I see capitulation both yesterday and 1st hour this morning. may have more serious capitulation, though. on alert for long, but patiently waiting, dependent on how market close.
If spx close below 200 sma/ema today, will have a big problem for bulls.
#7
tradesurfer
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Posted 20 May 2010 - 11:51 AM
how did MSS come up with 950 ? anyone got a link to the thinking behind that ?
#8
OEXCHAOS
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Mark S. Young
Posted 20 May 2010 - 12:00 PM
Clarification: I erroneously said II got more Bullish. They got a little bit less Bullish but not at all Bearish. Sorry. Head cold = Marktard.
Mark S Young
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#9
mss
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I'M WATCHING
Posted 20 May 2010 - 12:41 PM
how did MSS come up with 950 ? anyone got a link to the thinking behind that ?
Well this is the last reference to:LINK TO 950
The full analysis goes back to several posts located on the SWING WAVES board.
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#10
dasein
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Posted 20 May 2010 - 05:03 PM
re 950 - im focused on the gap a bit lower, but over is much later and half of that number.
Edited by dasein, 20 May 2010 - 05:04 PM.
best,
klh
klh
