Edited by Mr Dev, 19 April 2013 - 02:58 PM.
MARKET THOUGHTS
Started by
Mr Dev
, Apr 19 2013 02:57 PM
5 replies to this topic
#1
Mr Dev
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Posted 19 April 2013 - 02:57 PM
looks like markets are resetting to resume down trend next week and while they do a back kiss we see DUST doing a top kiss.
namo is close to a bounce area while cumulative namo is still on the down trend. summation should be close to zero or crossing the zero line next week.
my RUT MAs are leading the way...and looking bearish on the long term charts.
most mondays have been down nearly as much as every friday is an up day with monday mornings usually lower than monday closes
if you are play short term.
take care and have a nice weekend.
.. .. ..
Mr Dev
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#2
apprentice
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Posted 19 April 2013 - 03:09 PM
What do you mean when you say dust is doing a top kiss?looks like markets are resetting to resume down trend next week and while they do a back kiss we see DUST doing a top kiss.
namo is close to a bounce area while cumulative namo is still on the down trend. summation should be close to zero or crossing the zero line next week.
my RUT MAs are leading the way...and looking bearish on the long term charts.
most mondays have been down nearly as much as every friday is an up day with monday mornings usually lower than monday closes
if you are play short term.
take care and have a nice weekend.
RPPVW/SHP
"It is not your duty to complete the work,
but neither may you desist from it."
--Talmud
#4
fib_1618
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Posted 19 April 2013 - 05:20 PM
For those who may be wondering, the cumulative NASDAQ McClellan Oscillator (NAMO) is called the NASDAQ McClellan Summation Index.while cumulative namo is still on the down trend...
The NASDAQ McClellan Summation Index had a reading of +83 on Friday, so the soonest it will likely see the zero line is Wednesday.
Fib
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#5
opinionated
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Posted 20 April 2013 - 11:09 AM
Fib, Do you have thoughts on bottom in? Or possibly up to try regaining the channel the failing to do a double bottom. Im looking long going into may but can't rule out a flush to confirm the bottom.
Thanks,
O
#6
thespookyone
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Posted 20 April 2013 - 11:57 AM
The second breakdown on dust lacks volume. And while the candle on 4/19 represents a decent short term play to the South, if gap support holds in the 88 area-it's a MUCH better long,imho. I'd personally buy 78 with both hands hard if it doesn't. Gold is far from done on the South side, and the incredible retail interst in buying physical here is a testament to it. It's a "store of wealth" that they will quickly lose 20 to 25 percent on 
Edited by thespookyone, 20 April 2013 - 11:58 AM.
