4 replies to this topic

[Rogerdodger]

No T expert here but I use the NYUD extremes to often identify near term market turns within a day.

They are never correct at the close but I think they should have updated NYUD by now...but I am not sure.

So if they keep it this low it may be indicative of a small turn.

Then I use the MACD to look for higher highs and lower lows to find potential market "Ts"

So just for fun here's what today looks like to me.

Bearish AAII Sentiment could be more supportive.

 

  Quite the LATE update!

 

US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

Still, that strength isn’t expected to continue as the economy faces a number of headwinds, including soaring bond yields and the resumption of student loan repayments.

Edited by Rogerdodger, 26 October 2023 - 01:59 PM.

[redfoliage2]

This is likely a big bottom If it's not going to crash as the Street hypsters kept calling ( I'm unaware a market ever crashed with so much crash calling on the Street).  They just want to get in with lower prices as corporate earnings turning up first time in a year..........................

Edited by redfoliage2, 26 October 2023 - 11:09 AM.

[Rogerdodger]

Boy did they ever finally update that!

[Douglas]

Rodgerdodger, if you are ever desperate for "accurate" up and down NYSE volume data quicker to check your Terry Laundry "T" calculations, the Wall Street Journal publishes it in a public page at wsj.com/market-data/stocks/marketsdiary much earlier.  

 

 

Regards,

Douglas

[slupert]

This is likely a big bottom If it's not going to crash as the Street hypsters kept calling ( I'm unaware a market ever crashed with so much crash calling on the Street).  They just want to get in with lower prices as corporate earnings turning up first time in a year..........................