19 replies to this topic

[OEXCHAOS]

Bearish?
Im not too familiar with PC Ratio

 

The OEX P/C is not a fade, ST. So that 5.9 P/C is Bearish. I will say that there's no correlation between a really high OEX P/C and a really deep decline, but it does mean that we're likely to see one (and we are as I type).

 

M

[OEXCHAOS]

 

 

Waiting to see if it's a sell the news event...

Market technicals don't support a swift down move today.

 

 

The VIX P/C fell hard, that's a Sell for this morning in tandem with the OEX P/C. I'm not very bearish but the odds say "down early". I'm likely to buy weakness this afternoon.

[skott]

Looking at the CPCE
It was very high at the end of January 18 (market top) and very low at the end of December 18 (market bottom).

Right now the CPCE is very low.
How is that an indication of a top when considering the recent past?
To me it looks more like a bottom, not a top.

I don't know how you managed to read that incorrectly but you did. Trying using a weekly chart and put price in your top indicator
window.

[skott]

I give up posting a chart. sick again. I doubt I have more than a few years left. A friend of mine at work, his mother in law suffered with something for several years. Hospitalized alot of the time and then she died. They never did figure out what was wrong with her. I eat right, was always in very good shape. drank very little. Doctors contrubuted to my demise. stay away from them if at all possible.

Edited by skott, 30 October 2019 - 10:04 AM.

[hhh]

Skott: I agree about doctors, with the exception of naturopaths. I encourage you to find a good one that can maybe help you. Nutrition and avoiding toxins is often the solution. Foods are a minefield these days with GMOs, RoundUp, pesticides etc. 

[dasein]

skott - please dont say that?

[blustar]

 

 

Waiting to see if it's a sell the news event...

Market technicals don't support a swift down move today.

 

It does on my charts support a swift move down today to near 2991 SPX, Harapa. See my blog in signature below

[trioderob]

Blustar -

 

you stated on this forum that your system is calling for a near 8 % drop in the US markets over the next few days - could you please go into a little detail on why you have made that call ?

[K Wave]

Meanwhile, New York composite testing the roof line at 13,250...

Shorts going to start to squirm if we close above that level today....

[blustar]

Tri. That was a while back Im looking for a pull back to Spx 2991 oct 31 then up to near 3062/3 by nov 4 then a double top into nov 13 after that a large drop into nov 21 and overall into dec 10 8%