19 replies to this topic

[thespookyone]

Selecto,

I'm kinda thinking that myself, though perhaps without the same amplitude.

M

As the summations clear their +250 points, the amplitude North will increase-and the choppiness will decrease. Just sayin...

[Macro Speculator]

Weekly MACD turned up (as Mark notes), Selecto's Weekly Stochs in buy mode, IBD is on confirmed uptrend, Seven Sentinels are on confirmed uptrend (Since June 10, 2012), and I'm relatively certain NAV's price indicators are in "long" mode. We can speculate till the cows come home about "when and where" we think it will top or turn down....but that's an unknown and is somewhere in the future. For right here, right now (which is where we all actually trade)...the trend is up, the trade is long. Let others trade based on what they "think" will be. I choose to trade on what IS. Just my humble trading philosophy. A good trading week to all, D...

Don: Correct me if I'm wrong, but I'm under the distinct impression that all of your posts for the last couple or three weeks were bearish. What gives? That said, I agree with you about the present trend.

IT

Yeah, I could have sworn he kept showing charts of the summer 2010 prolonged downturn with red arrows saying "you are here" placed at the early parts
of those selloffs....clearly implying there was lots more downside to go.

[andiron]

Weekly MACD turned up (as Mark notes), Selecto's Weekly Stochs in buy mode, IBD is on confirmed uptrend, Seven Sentinels are on confirmed uptrend (Since June 10, 2012), and I'm relatively certain NAV's price indicators are in "long" mode. We can speculate till the cows come home about "when and where" we think it will top or turn down....but that's an unknown and is somewhere in the future. For right here, right now (which is where we all actually trade)...the trend is up, the trade is long. Let others trade based on what they "think" will be. I choose to trade on what IS. Just my humble trading philosophy. A good trading week to all, D...

Don: Correct me if I'm wrong, but I'm under the distinct impression that all of your posts for the last couple or three weeks were bearish. What gives? That said, I agree with you about the present trend.

IT

yes, don was quite vocal about the downtrend in his last few posts.. in fact he was almost sure about the repeat of June 10...So this after just one day's trade (friday's) is a little startling....

[IYB]

Don: Correct me if I'm wrong, but I'm under the distinct impression that all of your posts for the last couple or three weeks were bearish. What gives? That said, I agree with you about the present trend.
IT

The answer to your question has everything to do with CONTEXT- you are referring to my comments on the short term decline that was remarkably tracking in detail that of the same period exactly two years earlier.....We track short term, Intermediate Term, and Primary Trends separately. That is very clear on our website, but could be confusing here since we don't post continually and make that distinction each time.

Starting from June 19th, I remarked a number of times how precisely the market was tracking the Short Term pattern of the same period exactly two years earlier - but all of this was within the CONTEXT of an Intermediate Term advance --- as every comment on Seven Sentinels.com was saying. On Tuesday, June 26 for example, we said:

-------------------------

"Both leading into and after that Summer Solstice peak in each of 2010 and 2012, markets have tracked remarkably - the same pattern. So long as that continues, we are using it as a kind of guide in the short term. At some point, obviously, the comparison will break down, and we'll abandon it. But for now we watch with great interest...

In the meanwhile though, pattern comparison aside, we still remain in Intermediate Term Uptrend Mode (though that could change with further weakness) and in a Short Term decline phase as defined by the Hourly Trend Trackers. We remain in cash for position accounts....."

Each Comment carried this heading:

"Primary Cycle: Bull Market

Intermediate Term: ~Seven Sentinels~ BUY Mode Overall/2 of 7 on Sell

Short Term: ~Hourly Trend Trackers~ SELL Mode Overall/6/21/12 Noon 1341/6 of 8 on Buy

Open Position: Cash 100%"

-------------------------------------------

Finally on Thursday we broke that pattern, and on Friday the short term trend reversed to up, putting the short term back in sync with the Intermediate Term Trend which is up from the June 10 SS Buy Signal, and the Primary Bull Market which has been in effect since March 2009:

http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=0&mn=5&dy=0&i=p91761404236&a=225433288&r=627.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=12&mn=6&dy=0&i=p75423767004&a=181755078&r=795.png

Edited by IYB, 01 July 2012 - 08:10 PM.

[IYB]

This article from one week ago explains in detail how each trend from the Super Cycle down to the short term are inter-related but tracked separately ar SevenSentinels.com.

Edited by IYB, 01 July 2012 - 08:50 PM.

[TTrader47]

This article from one week ago explains in detail how each trend from the Super Cycle down to the short term are inter-related but tracked separately ar SevenSentinels.com.

Too many mixing time frames. If you were trading the 1 minute chart, you could be extremely bearish, if you were trading the 5 year chart, it could be saying something else. If you say you are bearish, many individuals are applying that to their own time frame and miss the whole point.

[IndexTrader]

The answer to your question has everything to do with CONTEXT- you are referring to my comments on the short term decline that was remarkably tracking in detail that of the same period exactly two years earlier.....We track short term, Intermediate Term, and Primary Trends separately. That is very clear on our website, but could be confusing here since we don't post continually and make that distinction each time.

I'd say your posts were definitely confusing. I'd quote some of the headlines but for some reason "flood control is enabled", and I'm not able to access your prior posts here.

One other element of confusion is your trading over on C2. To me it looks like you have been shorting the market lately, to include last Thursday/Friday. Knowing that "context is everything", why would you be shorting if your intermediate signal is bullish? Something seems out of whack, either your trading or your signals.

http://www.collectiv...system58779436#

IT

Edited by IndexTrader, 02 July 2012 - 09:01 AM.

[IYB]

Sorry you are confused IT. To make it very simple, just as Mark got a buy signal and Carl Swenlin got a buy signal, and IBD got a buy signal taking them all from bearish short term to bullish short term, so did we. Friday's market took our short term indicators from sell to buy for us as well. That now puts our short term signals in alignment with the Intermediate Term Trend and the Primary Trend- UP. Best, D

[IndexTrader]

Sorry you are confused IT. To make it very simple, just as Mark got a buy signal and Carl Swenlin got a buy signal, and IBD got a buy signal taking them all from bearish short term to bullish short term, so did we. Friday's market took our short term indicators from sell to buy for us as well. That now puts our short term signals in alignment with the Intermediate Term Trend and the Primary Trend- UP. Best, D

OK so you're trading with your short term signals (HTT) rather than your intermediate signal. Now the recent posts and trades all make some sense.

IT

[IYB]

Sorry you are confused IT. To make it very simple, just as Mark got a buy signal and Carl Swenlin got a buy signal, and IBD got a buy signal taking them all from bearish short term to bullish short term, so did we. Friday's market took our short term indicators from sell to buy for us as well. That now puts our short term signals in alignment with the Intermediate Term Trend and the Primary Trend- UP. Best, D

OK so you're trading with your short term signals (HTT) rather than your intermediate signal. Now the recent posts and trades all make some sense.

IT

Thanks IT. Yes- our active trading accounts use short and Intermediate term signals, while our more conservative website never trades counter to the Seven Sentinels Intermediate Term signals. The later was 100% cash during the recent short term decline, and is now accumulating longs....