1175 today would stop the bear

It's a conditional setup, it's been below us like a net for around 6 or 7 weeks now, and it'll begin a quick transformation into the abyss if the PPT doesn't have the stones to let price drop to the right level tomorrow. (If they've truly run out of ammo, and can't plunge-protect even if their lives depend upon it, that's a good thing).

Today is the final day to signal the buy under bull market conditions , producing a green line signal like that shown below and assuring a robust outcome. Today must close between 1175.51 and 1156.86. A close above that range will not signal a buy. It would instead defer the buy signal to another day, one that's in period of confirmed bear market conditions, and produce a red line signal. A close below that range tomorrow would still produce a buy signal, but again it would be under bear market conditions and red lined.

Bear conditions makes the signal suseptible to outcome failure, as in "bear hunting season closed". Nevertheless, a bear market buy signal will be more than capable of producing at least a quick and decent bounce, if nothing else.

Should price cooperate for the signal, whether bull or bear conditions, I try to buy the following market day rather than the close of the day of the signal. That's because the next day too often becomes the final puke day in all its heaving splendor.

I guarantee that I'll also have a puke day if the signal fires and I take it. But I already know that mid-September is setting up for some unbendable positive divergences. It'll be like a day at the beach, right? Right, like an infantry soldier jumping off a Higgins boat.

My advice to the PPT: Let it happen. Levitating price here will NOT work.

Thanks for laying this out, as I still remember your timely Early Oct 2008 assessment . Does the German DAX qualify today since they have really taken on a steeper decline this week? If time permits of course.

Thanks, Spielchecker.

Thanks for laying this out, as I still remember your timely Early Oct 2008 assessment . Does the German DAX qualify today since they have really taken on a steeper decline this week? If time permits of course.

There's nothing in my formula that accounts for a surrogate purge, but I suspect that this is something we (U.S.) must do for ourselves. Germany is already playing the surrogate role for the EU.

Edited by spielchekr, 05 August 2011 - 07:50 AM.

We dipped into the zone, alright. But don't be fooled by the front-runners trying to snap it all up here. It needs the full bath into the close... tail-dipping doesn't cut it.

...

Edited by relax, 05 August 2011 - 01:53 PM.

"mid-September is setting up for some unbendable positive divergences. It'll be like a day at the beach, right? Well, yes it would seem. I agree. And until then, you'll see so many frontrunners here-you'll think you are at olympic trials.

Boy, I thought you were going to nail that perfectly. I even gave you credit in my interview with Ike. Still, a pretty good prediction nonetheless.

Bear conditions makes the signal suseptible to outcome failure, as in "bear hunting season closed". Nevertheless, a bear market buy signal will be more than capable of producing at least a quick and decent bounce, if nothing else.

Should price cooperate for the signal, whether bull or bear conditions, I try to buy the following market day rather than the close of the day of the signal. That's because the next day too often becomes the final puke day in all its heaving splendor.

I guarantee that I'll also have a puke day if the signal fires and I take it. But I already know that mid-September is setting up for some unbendable positive divergences. It'll be like a day at the beach, right? Right, like an infantry soldier jumping off a Higgins boat.

My advice to the PPT: Let it happen. Levitating price here will NOT work.

So, you think we reached the bottom? Since end of the day data means better outlook, does your forecast of up from here hold good? Thanks, Spielcheckr.