Current breadth ratio for NYSE (at 11:15 Eastern) is a little over 9:1 and NASDAQ at 6.5:1...bears be careful...watch your stops!!
Fib
Edited by fib_1618, 04 January 2019 - 11:19 AM.
Posted 04 January 2019 - 11:18 AM
Current breadth ratio for NYSE (at 11:15 Eastern) is a little over 9:1 and NASDAQ at 6.5:1...bears be careful...watch your stops!!
Fib
Edited by fib_1618, 04 January 2019 - 11:19 AM.
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Posted 04 January 2019 - 11:57 AM
Thanks, Fib.....your work is some of the best out there
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
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Posted 04 January 2019 - 12:01 PM
Fib, what you opinion on an IT/LT bottom without a divergent NYSI?
TIA
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
Posted 04 January 2019 - 04:30 PM
Current breadth ratio for NYSE (at 11:15 Eastern) is a little over 9:1 and NASDAQ at 6.5:1...bears be careful...watch your stops!!
Fib
So how accurate is this indicator and how often does it occur within context of a bear market rally ?
Posted 04 January 2019 - 04:42 PM
I looked at using this indicator back in the 2008 - 2010 crisis, and it did not work well back then... These 9:1 and 1:9 indicators hit often and did not yield me good results.... I currently use a chart over 10-day MA of $NYADV:$NYTOT, to pick out Short Term overbought or oversold to predict a bounce or drop, but it is unreliable to picking Medium Term tops or bottoms, but increases the chance it hits with other signals as well.
Posted 04 January 2019 - 05:43 PM
The real problem is 2 percent days on the DJIA and/or SPX will never be stable bull market conditions. So far, 2 of the first 3 trading days this year are in that category.....good for the traders. My count had roughly 23 trading days last year, and it only takes 5-10 days to make a significant top. But the bottoming process is definitely in gear....
Posted 04 January 2019 - 07:53 PM
Keeping an eye on the ZBT signal. Will there not be bullish McSum divergence for a LT bottom?
Posted 04 January 2019 - 09:40 PM
It was all FED Chair Powell's words today for the rally.
He basically said he is not married to any fixed amount of rate increases in 2019.