3 replies to this topic

[OEXCHAOS]

I'm annoyed that so much was Bearish coming into today. I shouldn't be. We saw the move. I just wasn't quite prepared for the reversal.

 

M

[fib_1618]

From Tuesday’s chat:
 

Sep 10, 5:48 PM

fib1618: so...you can feel the tension here on the short term, but with the intermediate term still showing better buoyancy, maybe what may happen is a surprise sell off on Wednesday and then a quick recovery on Thursday(?) In any event, the buyers need to continue to keep the pressure on in order for things to stabilize as we go into next week's Fed Statement

[qqqqtrdr]

Never got a short term buy on this run up because we didn't pull back enough.   OEX put/call has been signaling Buy as well as Full Moon indicator is just coming into range but nothing definite we are going higher.  I still am showing some weakness on the number of stocks over 20day/50day/200day MA showing lack breadth with moves over the last couple of months.    The breadth could be waning.  McClellan NYSE continues to show strength.     I guess we could be off to new highs.

[Rogerdodger]

AAII September numbers, going into this week, were in the bearish area of the bottoms seen in May June and August SPX.