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NYSI

Started by selecto , May 24 2012 05:32 AM

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8 replies to this topic

#1 selecto

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Posted 24 May 2012 - 05:32 AM

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#2 mss

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Posted 24 May 2012 - 07:47 AM

FWIW (click chart to enlarge) [attachment=19685:sc.png]

Edited by mss, 24 May 2012 - 07:49 AM.

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!!

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#3 selecto

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Posted 24 May 2012 - 08:01 AM

If you put a 5 ma on ROC 12, you kinda get a buy signal.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p26948268115&r=1337864425339.png

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#4 sluzbenik1

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Posted 24 May 2012 - 08:19 AM

VIX not at all high enough for a super good bottom, so I agree. And CPC already spiked, and didn't go much above 1.10 yesterday. But we have to remember this move was a low-vol move down, thus volatility has not gone that high. I still tend to think that once the volatility cat is out of the bag (VIX > 20), more trouble is in store, but the market also knows this. A trading range seems more likely with a moderate upward bias until late June. Something like August '07. I am basing the moderate upward bias on cycles. MSS wouldn't that chart would have had you miss the whole Jan-Feb move? Same thing, lower lows, lower highs.

Edited by sluzbenik1, 24 May 2012 - 08:20 AM.

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#5 mss

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Posted 24 May 2012 - 08:20 AM

If you put a 5 ma on ROC 12, you kinda get a buy signal.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p26948268115&r=1337864425339.png

I agree, but we are talking time frame here. Looking for 1360-70 for a swing HIGH and a 1228 for a swing LOW.

Could happen H-L or L-H but all by 6/19. JMSWAG, or IMVHO, FWIW, TWT.

:cat:

PS: the chart you sent me also is suggesting a buy.

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!!

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#6 mss

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Posted 24 May 2012 - 08:28 AM

MSS wouldn't that chart would have had you miss the whole Jan-Feb move? Same thing, lower lows, lower highs.

No, because most of it was above the "0" line and a price trend was in place, but a warning of momentum slowing was given.
Notice that both indicator lines went above "0" in Dec. and the longer GREEN indicator stayed above the "0" line till April.

I trend trade mostly now and use a different set of charts to find buy/sell-swap direction points. You have seen some of them, I'm sure as they are posted all over the place. This chart is a IT trend suggestion using a slower reaction time.
See my comment s above.

Have a great weekend.
Scott

Edited by mss, 24 May 2012 - 08:34 AM.

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!!