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Is there anyone here that can make a strong technical case for a full retest?


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#21 K Wave

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Posted 18 May 2020 - 10:58 AM

Dow daily update...

 

IF Dow closes at 24500 or better today, bears likely got problems....

 

dji.png


What A Beautiful Black Sky


#22 CLK

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Posted 18 May 2020 - 11:14 AM

I don't know if this is right, but NYSI on Friday 79.02 + NYMO today 75.62 = 154.64 current NYSI.

 

What I really want to know is if it is enough to move Sto. RSI back to 0.5 at least or not, to reverse the NYSI trend.

I don't think one day will be enough, have to wait and see.

 

 

http://schrts.co/MvwrasaJ


Edited by CLK, 18 May 2020 - 11:17 AM.


#23 CLK

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Posted 18 May 2020 - 03:49 PM

https://invst.ly/qun72   

 

 

 

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Edited by CLK, 18 May 2020 - 03:51 PM.


#24 CLK

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Posted 18 May 2020 - 04:05 PM

https://invst.ly/quncs


Edited by CLK, 18 May 2020 - 04:06 PM.


#25 Darris

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Posted 18 May 2020 - 04:14 PM

NYMO finished at 18.6, up 42, and NYSI up to 98.6



#26 CLK

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Posted 18 May 2020 - 06:10 PM

If I put a 19,39,1 MACD on NYAD, I get a good representation of what NYMO will look like, but I don't have the actual number, just a MACD number to guess by. If I put a 19ema and 39ema on NYAD, the number difference between the two does not add up right to the actual NYMO close. So I tried 33ema and 19ema and it's close, 41, so 41 plus the previous day's NYMO and it adds up to about 18, which is what it was. I might be using wrong inputs, the website insists on 39 and 19, but did not work.

 

 

http://schrts.co/PUfkAQyn


Edited by CLK, 18 May 2020 - 06:10 PM.


#27 Darris

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Posted 18 May 2020 - 06:23 PM

Probably because most report ratio adjusted values and you are estimating a raw value.  RA values provides a constant for the entire population because the total number of NYSE issues traded has varied over the last 100 years.  In the 1920's there were 400-500 NYSE listed stocks, and 90 SPX stocks.  By the 1970's there were over 1000 NYSE issues, and in the 1990s it has seemed to stay over 3000.



#28 CLK

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Posted 18 May 2020 - 08:41 PM

https://invst.ly/qupdo



#29 CLK

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Posted 19 May 2020 - 03:36 PM

There just isn't any reason to buy until NYSI turns back up for more than a day.