MACRO ACD sell signal may trigger end of day

I closed my 40% long DIA position about an hour back at a miniscule profit. Maybe I was shaken out-I dont know in which case I will get back in at higher prices. Maybe they're taking it down to suck more shorts in before the big move up. But I really dont like the inability of the market to move up when the ISEE equity put call ratio is close to 2 and the TRIN has been so high for several days. For those who know/follow Mark Fisher's ACD system, my opening range calculations say that we are at -9 in his cumulative points. Depending on today's market action, the cumulative may remain at -9 for a second consecutive day. That in the ACD system presages a dramatic move-in this case downwards since the sign on the cumulative is negative. I would not fade the ACD system because professional traders use it. I will try to update after EOD if the cumulative signal did finish at -9 or higher.

Edited by kaiser soze, 09 January 2008 - 12:05 PM.

tks for sharing

I closed my 40% long DIA position about an hour back at a miniscule profit.

Maybe I was shaken out-I dont know in which case I will get back in at higher prices. Maybe they're taking it down to suck more shorts in before the big move up. But I really dont like the inability of the market to move up when the ISEE equity put call ratio is close to 2 and the TRIN has been so high for several days.


For those who know/follow Mark Fisher's ACD system, my opening range calculations say that we are at -9 in his cumulative points. Depending on today's market action, the cumulative may remain at -9 for a second consecutive day. That in the ACD system presages a dramatic move-in this case downwards since the sign on the cumulative is negative. I would not fade the ACD system because professional traders use it.

I will try to update after EOD if the cumulative signal did finish at -9 or higher.

Thanks I (we) look forward to that information. I suspected something like this because support is not holding. While still early they have not been able to get it above 1400. It didn't look good then and it does not look good now. Untill we have a rock hard dive we aren't going to get the capitulation and wash-out which is what I am looking for aside from Banking index holding up which is going down he** in a hand basket.

Edited by skyymaster, 09 January 2008 - 12:10 PM.

I closed my 40% long DIA position about an hour back at a miniscule profit.

Maybe I was shaken out-I dont know ...

Wimp.

Don't you know its going to rally any minute now ?

Yup, thats me. Have zero interest in trying to be a hero

Although the equity put call ratio is very high (0.82 at CBOE and 1.21 at ISE), a survey of some of the popular blogs for momo stocks reveals that sentiment, while not bullish is in the HOPE phase. A majority of these blogs expect to revisit lows or go lower but they all expect a rally near term to relieve oversold conditions. From a purely technical perpective, the struggle to rally when the Blood in the Streets buy (DOW 30 day RSI<40) has triggered is very bearish.

Edited by kaiser soze, 09 January 2008 - 01:53 PM.

The MACRO ACD sell signal DID NOT materialize. The 'C' up at the end of the day negated the possibility of the sell signal.