Rally to mid-August?

Parker over at T Theory has been looking for a rally till mid August beginning from today's low.
I was hoping for a morning dip first.

This would be too coincidental:
Debt crisis: Greece to run out of money by August 20

Edited by Rogerdodger, 26 July 2012 - 09:40 AM.

Parker over at T Theory has been looking for a rally till mid August beginning from today's low.
I was hoping for a morning dip first.

This would be too coincidental:
Debt crisis: Greece to run out of money by August 20

I thought parker was bearish, no? BTW, can't see the forum page. Is it free to everyone?

Personally, I don't see any (volume based) Ts established yet. And if we do in the next few days, they'd suggest we go higher into mid sept.

T Theory is bearish longer term.
Parker's call for a top was right on and now his opinion is for a short term rally potential but is still cautious based on what he found on Terry's computer: Roubini's interview.

Terry would be looking for his Volume Oscillator to make a positive divergence bottom at much lower levels followed by a break out of a series of lower highs to make a new T.
It's no where near that.
http://stockcharts.com/c-sc/sc?s=$NYUD&p=D&yr=2&mn=1&dy=0&i=p85088589434&a=256206610&r=1343315426433.png

Edited by Rogerdodger, 26 July 2012 - 10:21 AM.

re:It's no where near that. Yes, Sir.

So what's your read over the next several months?

All four Index's display the same pattern.

We are in a positive, bullish, up trend. The StoRsi is weak, I view it as neutral. The MACD is positive with Higher highs and higher lows.

Current indication is for a very "choppy" up trend. CAUTION is warranted.

I am long with 5% stops.

btw: I do very little based on cycles, but those who do are suggesting a ST top in August.

I also use some other charts for ST tests of the LT trends.

mss

I'll go out on the limb and say August 6th -10th will be the IT top based on other peoples cycle work and explanation.

mss

T Theory is bearish longer term.
Parker's call for a top was right on and now his opinion is for a short term rally potential but is still cautious based on what he found on Terry's computer: Roubini's interview.

Terry would be looking for his Volume Oscillator to make a positive divergence bottom at much lower levels followed by a break out of a series of lower highs to make a new T.
It's no where near that.
http://stockcharts.com/c-sc/sc?s=$NYUD&p=D&yr=2&mn=1&dy=0&i=p85088589434&a=256206610&r=1343315426433.png

Rodger,
Could you please tell me what the bottom indicator is on stockcharts? Thanks
TM

I am not Roger but it's macd 19,39,1

Thanks Risk but it doesn't seem to be the same as Rodgers. TM

Edited by tradermama, 26 July 2012 - 11:00 AM.

I am not Roger but it's macd 19,39,1

Thank you!
TM

Yes it is.
I believe that Parker mentioned it.
It matches Terry's VO perfectly except for one day where I put a question mark.
Somebody had different data on that day.

I find it informative but the ocean tides are more difficult to predict recently, being altered by news tsunamis from Europe and FED shenanigans.

Edited by Rogerdodger, 26 July 2012 - 11:03 AM.

I am not Roger but it's macd 19,39,1

Thank you!
TM

Yes it is.
I believe that Parker mentioned it.
It matches Terry's VO perfectly except for one day where I put a question mark.
Somebody had different data on that day.

Ok, Thanks! I understand now.
TM